Bredin Investment LLC acquired a new position in shares of Apple (NASDAQ:AAPL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 28,000 shares of the iPhone maker’s stock, valued at approximately $4,823,000. Apple accounts for 3.9% of Bredin Investment LLC’s portfolio, making the stock its 3rd biggest position.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Research Global Investors increased its stake in shares of Apple by 15.0% in the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after purchasing an additional 3,845,363 shares during the period. Legal & General Group Plc increased its stake in shares of Apple by 1.1% in the third quarter. Legal & General Group Plc now owns 26,393,202 shares of the iPhone maker’s stock valued at $4,067,559,000 after purchasing an additional 287,027 shares during the period. Janus Henderson Group PLC increased its stake in shares of Apple by 9.3% in the third quarter. Janus Henderson Group PLC now owns 21,854,159 shares of the iPhone maker’s stock valued at $3,367,571,000 after purchasing an additional 1,850,572 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Apple by 3.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 19,262,302 shares of the iPhone maker’s stock valued at $3,259,868,000 after purchasing an additional 570,279 shares during the period. Finally, Swiss National Bank increased its stake in shares of Apple by 0.4% in the third quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock valued at $2,966,581,000 after purchasing an additional 79,100 shares during the period. Hedge funds and other institutional investors own 61.35% of the company’s stock.
Several equities research analysts have commented on the stock. Nomura set a $175.00 price target on shares of Apple and gave the company a “neutral” rating in a research note on Tuesday, April 3rd. Vetr lowered shares of Apple from a “strong-buy” rating to a “buy” rating and set a $186.86 price target on the stock. in a research note on Monday, April 2nd. Zacks Investment Research lowered shares of Apple from a “hold” rating to a “sell” rating in a research note on Wednesday, April 11th. Royal Bank of Canada set a $203.00 price objective on shares of Apple and gave the company a “buy” rating in a research note on Tuesday, April 3rd. Finally, BMO Capital Markets lowered shares of Apple from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $162.00 to $166.00 in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $203.21.
In other news, insider Luca Maestri sold 39,122 shares of the firm’s stock in a transaction on Friday, April 13th. The shares were sold at an average price of $174.66, for a total transaction of $6,833,048.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction of $11,564,692.22. The disclosure for this sale can be found here. Insiders have sold a total of 125,988 shares of company stock worth $21,336,201 in the last 90 days. 0.06% of the stock is owned by insiders.
Apple stock opened at $175.82 on Tuesday. The firm has a market cap of $886,582.31, a PE ratio of 19.09, a price-to-earnings-growth ratio of 1.32 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 has a 1-year low of $140.45 and a 1-year high of $183.50.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.82 by $0.07. The business had revenue of $88.29 billion for 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%. Apple’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.36 EPS. research analysts expect that Apple will post 11.37 EPS for the current 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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