Acadian Asset Management LLC decreased its holdings in shares of Apple (NASDAQ:AAPL) by 7.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,264,478 shares of the iPhone maker’s stock after selling 188,913 shares during the quarter. Apple accounts for approximately 1.7% of Acadian Asset Management LLC’s investment portfolio, making the stock its 9th largest position. Acadian Asset Management LLC’s holdings in Apple were worth $383,218,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of AAPL. FNY Managed Accounts LLC increased its stake in shares of 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 buying an additional 716 shares during the period. Private Vista LLC acquired a new position in shares of Apple in the second quarter valued at approximately $122,000. Crow Point Partners LLC increased its stake in shares of 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 buying an additional 500 shares during the period. Oak Point Wealth Management acquired a new position in shares of Apple in the fourth quarter valued at approximately $163,000. Finally, Reaves W H & Co. Inc. acquired a new position in shares of Apple in the second quarter valued at approximately $200,000. 61.35% of the stock is owned by hedge funds and other institutional investors.
In other news, SVP Daniel J. Riccio sold 17,375 shares of the firm’s stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $169.12, for a total transaction of $2,938,460.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Philip W. Schiller sold 69,491 shares of the firm’s stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $166.42, for a total value of $11,564,692.22. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.
Several research analysts have recently issued reports on AAPL shares. UBS set a $190.00 price objective on Apple and gave the company a “buy” rating in a research note on Friday, January 5th. Morgan Stanley reaffirmed a “buy” rating and issued a $205.00 price objective (up previously from $200.00) on shares of Apple in a research note on Tuesday, January 23rd. Sanford C. Bernstein cut Apple from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $195.00 to $170.00 in a report on Friday, February 2nd. HSBC set a $204.00 target price on Apple and gave the company a “buy” rating in a report on Tuesday, January 30th. Finally, Vetr upgraded Apple from a “hold” rating to a “buy” rating and set a $184.49 target price on the stock in a report on Monday, March 5th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Apple presently has an average rating of “Buy” and a consensus target price of $202.52.
Shares of Apple stock opened at $168.38 on Friday. Apple has a 1 year low of $140.06 and a 1 year high of $183.50. The firm has a market cap of $876,789.50, a PE ratio of 18.28, a price-to-earnings-growth ratio of 1.31 and a beta of 1.25. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.74.
Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.82 by $0.07. Apple had a return on equity of 37.37% and a net margin of 21.13%. The firm had revenue of $88.29 billion during the quarter, compared to analyst estimates of $87.62 billion. During the same period last year, the firm posted $3.36 EPS. The business’s revenue was up 12.7% compared to the same quarter last year. equities analysts expect that Apple will post 11.37 earnings per share for the current fiscal year.
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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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