Endurance Wealth Management Inc. decreased its position in Apple (NASDAQ:AAPL) by 2.1% in the 4th quarter, Holdings Channel reports. The firm owned 77,153 shares of the iPhone maker’s stock after selling 1,693 shares during the period. Apple makes up about 2.1% of Endurance Wealth Management Inc.’s holdings, making the stock its 11th largest holding. Endurance Wealth Management Inc.’s holdings in Apple were worth $13,057,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in AAPL. Lockheed Martin Investment Management Co. increased its position in Apple by 58.1% during the 4th quarter. Lockheed Martin Investment Management Co. now owns 280,970 shares of the iPhone maker’s stock worth $47,549,000 after purchasing an additional 103,230 shares in the last quarter. Oakbrook Investments LLC increased its position in Apple by 35.5% during the 4th quarter. Oakbrook Investments LLC now owns 329,698 shares of the iPhone maker’s stock worth $55,795,000 after purchasing an additional 86,330 shares in the last quarter. Westpac Banking Corp increased its position in Apple by 6.8% during the 4th quarter. Westpac Banking Corp now owns 660,404 shares of the iPhone maker’s stock worth $111,760,000 after purchasing an additional 42,333 shares in the last quarter. Sterling Investment Management Inc. increased its position in Apple by 5.7% during the 4th quarter. Sterling Investment Management Inc. now owns 25,995 shares of the iPhone maker’s stock worth $4,399,000 after purchasing an additional 1,402 shares in the last quarter. Finally, Vista Capital Partners Inc. increased its position in Apple by 16.3% during the 4th quarter. Vista Capital Partners Inc. now owns 3,786 shares of the iPhone maker’s stock worth $608,000 after purchasing an additional 530 shares in the last quarter. 61.35% of the stock is owned by hedge funds and other institutional investors.
In other Apple news, insider Philip W. Schiller sold 69,491 shares of the stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $166.42, for a total value of $11,564,692.22. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Daniel J. Riccio sold 17,375 shares of the stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $169.12, for a total value of $2,938,460.00. Following the completion of the sale, the senior vice president now directly owns 66,191 shares in the company, valued at $11,194,221.92. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.
Shares of AAPL opened at $168.38 on Monday. Apple has a 12-month low of $140.06 and a 12-month high of $183.50. The firm has a market cap of $854,362.38, a P/E ratio of 18.28, a PEG ratio of 1.28 and a beta of 1.25. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $88.29 billion for the quarter, compared to analysts’ expectations of $87.62 billion. During the same period last year, the business posted $3.36 earnings per share. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. analysts predict that Apple will post 11.37 EPS for the current fiscal year.
A number of analysts recently issued reports on the stock. Nomura set a $175.00 target price on shares of Apple and gave the stock a “neutral” rating in a research report on Tuesday, April 3rd. Vetr downgraded shares of Apple from a “strong-buy” rating to a “buy” rating and set a $186.86 target price for the company. in a research report on Monday, April 2nd. Royal Bank of Canada set a $203.00 target price on shares of Apple and gave the stock a “buy” rating in a research report on Tuesday, April 3rd. UBS set a $190.00 target price on shares of Apple and gave the stock a “buy” rating in a research report on Tuesday, March 27th. Finally, BMO Capital Markets downgraded shares of Apple from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $162.00 to $166.00 in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Apple presently has a consensus rating of “Buy” and a consensus target price of $202.52.
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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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