Pratt Collard Advisory Partners LLC Invests $1.98 Million in Apple (AAPL)

Pratt Collard Advisory Partners LLC bought a new position in shares of Apple (NASDAQ:AAPL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,714 shares of the iPhone maker’s stock, valued at approximately $1,982,000. Apple makes up approximately 1.6% of Pratt Collard Advisory Partners LLC’s investment portfolio, making the stock its 12th largest position.

Other hedge funds also recently added to or reduced their stakes in the company. FNY Managed Accounts LLC boosted its position in Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 716 shares during the last quarter. Private Vista LLC acquired a new position in Apple during the second quarter worth about $122,000. Oak Point Wealth Management acquired a new position in Apple during the fourth quarter worth about $163,000. Interactive Financial Advisors acquired a new position in Apple during the fourth quarter worth about $188,000. Finally, Reaves W H & Co. Inc. acquired a new position in Apple during the second quarter worth about $200,000. 61.35% of the stock is owned by institutional investors and hedge funds.

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In other Apple news, insider Luca Maestri sold 39,122 shares of the stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $174.66, for a total value of $6,833,048.52. Following the sale, the insider now directly owns 64,475 shares of the company’s stock, valued at approximately $11,261,203.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Daniel J. Riccio sold 17,375 shares of the 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 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. Over the last three months, insiders sold 125,988 shares of company stock worth $21,336,201. Insiders own 0.08% of the company’s stock.

Shares of NASDAQ:AAPL opened at $165.72 on Friday. Apple has a 52 week low of $141.85 and a 52 week high of $183.50. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $902,362.50, a price-to-earnings ratio of 17.99, a PEG ratio of 1.35 and a beta of 1.25.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, beating the Zacks’ consensus estimate of $3.82 by $0.07. Apple had a net margin of 21.13% and a return on equity of 37.37%. The company had revenue of $88.29 billion for the quarter, compared to the consensus estimate of $87.62 billion. During the same period in the prior year, the firm posted $3.36 EPS. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. research analysts forecast that Apple will post 11.35 earnings per share for the current year.

AAPL has been the topic of several recent analyst reports. Vetr lowered shares of Apple from a “strong-buy” rating to a “buy” rating and set a $187.18 target price on the stock. in a report on Wednesday, February 14th. Zacks Investment Research upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $197.00 target price on the stock in a report on Thursday, January 18th. Rosenblatt Securities reiterated a “buy” rating and issued a $180.00 target price on shares of Apple in a report on Friday, March 16th. Monness Crespi & Hardt initiated coverage on shares of Apple in a report on Wednesday, April 11th. They issued a “buy” rating and a $235.00 target price on the stock. Finally, Piper Jaffray reiterated a “buy” rating and issued a $200.00 target price on shares of Apple in a report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $203.15.

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Apple 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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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