Garde Capital Inc. raised its holdings in shares of Apple (NASDAQ:AAPL) by 33.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,889 shares of the iPhone maker’s stock after acquiring an additional 7,802 shares during the quarter. Apple comprises approximately 0.9% of Garde Capital Inc.’s portfolio, making the stock its 22nd biggest holding. Garde Capital Inc.’s holdings in Apple were worth $4,761,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Vantage Financial Partners Ltd. Inc. bought a new position in Apple in the second quarter valued at $400,000. Blue Sky Asset Management LLC bought a new position in Apple in the second quarter valued at $108,000. FNY Managed Accounts LLC increased its stake in Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after acquiring an additional 716 shares during the last quarter. Armbruster Capital Management Inc. increased its stake in Apple by 9.4% in the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after acquiring an additional 78 shares during the last quarter. Finally, Crow Point Partners LLC increased its stake in Apple by 100.0% in the third quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock valued at $153,000 after acquiring an additional 500 shares during the last quarter. 61.35% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently commented on AAPL shares. Macquarie set a $188.00 target price on Apple and gave the company a “buy” rating in a research note on Friday, January 26th. ValuEngine raised Apple from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Barclays reduced their target price on Apple from $170.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Friday, March 16th. Zacks Investment Research raised Apple from a “hold” rating to a “buy” rating and set a $197.00 target price on the stock in a research note on Thursday, January 18th. Finally, Piper Jaffray reissued a “buy” rating and issued a $200.00 target price on shares of Apple in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $202.52.
Shares of NASDAQ AAPL traded down $4.42 on Friday, reaching $168.38. 35,005,290 shares of the company’s stock traded hands, compared to its average volume of 32,409,626. The company has a market capitalization of $876,789.50, a price-to-earnings ratio of 18.28, a P/E/G ratio of 1.31 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. Apple has a 12 month low of $140.06 and a 12 month high of $183.50.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.82 by $0.07. The company had revenue of $88.29 billion during the quarter, compared to the consensus estimate of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $3.36 earnings per share. analysts forecast that Apple will post 11.37 earnings per share for the current fiscal year.
In related news, insider Philip W. Schiller sold 69,491 shares of the firm’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $166.42, for a total transaction of $11,564,692.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Daniel J. Riccio sold 17,375 shares of the firm’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $169.12, for a total transaction of $2,938,460.00. Following the sale, the senior vice president now directly owns 66,191 shares of the company’s stock, valued at approximately $11,194,221.92. The disclosure for this sale can be found here. 0.08% of the stock is owned by company insiders.
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Apple Company Profile
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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