Institutional & Family Asset Management LLC raised its holdings in Apple (NASDAQ:AAPL) by 7.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,937 shares of the iPhone maker’s stock after purchasing an additional 2,719 shares during the period. Apple comprises 1.2% of Institutional & Family Asset Management LLC’s holdings, making the stock its 11th largest position. Institutional & Family Asset Management LLC’s holdings in Apple were worth $6,155,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Blue Sky Asset Management LLC purchased a new position in shares of Apple in the second quarter valued at approximately $108,000. FNY Managed Accounts LLC lifted its position 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 acquiring an additional 716 shares in the last quarter. Private Vista LLC purchased a new position in shares of Apple in the second quarter valued at approximately $122,000. Armbruster Capital Management Inc. lifted its position in shares of 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 in the last quarter. Finally, Crow Point Partners LLC lifted its position 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 acquiring an additional 500 shares in the last quarter. 61.35% of the stock is currently owned by institutional investors.
Shares of NASDAQ:AAPL traded down $4.42 on Friday, hitting $168.38. 35,005,290 shares of the company’s stock were exchanged, compared to its average volume of 32,409,626. Apple has a 1-year low of $140.06 and a 1-year high of $183.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. The stock has a market cap of $854,362.38, a P/E ratio of 18.28, a P/E/G ratio of 1.28 and a beta of 1.25.
Apple (NASDAQ:AAPL) last posted its 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. Apple had a return on equity of 37.37% and a net margin of 21.13%. The business had revenue of $88.29 billion during the quarter, compared to the consensus estimate of $87.62 billion. During the same period in the previous year, the business earned $3.36 EPS. The business’s quarterly revenue was up 12.7% on a year-over-year basis. equities research analysts predict that Apple will post 11.37 EPS for the current year.
A number of equities analysts recently commented on the company. UBS set a $190.00 price objective on Apple and gave the stock a “buy” rating in a research report on Friday, January 5th. Morgan Stanley reiterated a “buy” rating and set a $205.00 price objective (up previously from $200.00) on shares of Apple in a research report on Tuesday, January 23rd. Sanford C. Bernstein downgraded Apple from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $195.00 to $170.00 in a research report on Friday, February 2nd. HSBC set a $204.00 price objective on Apple and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Finally, Vetr upgraded Apple from a “hold” rating to a “buy” rating and set a $184.49 price objective on the stock in a research report on Monday, March 5th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $202.52.
In other Apple news, insider Philip W. Schiller sold 69,491 shares of the company’s stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $166.42, for a total transaction of $11,564,692.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Daniel J. Riccio sold 17,375 shares of the company’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 value 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 $11,194,221.92. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by insiders.
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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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