Apple (AAPL) Holdings Boosted by Advisors Capital Management LLC

Advisors Capital Management LLC boosted its stake in shares of Apple (NASDAQ:AAPL) by 10.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 102,257 shares of the iPhone maker’s stock after acquiring an additional 9,587 shares during the period. Apple comprises approximately 1.4% of Advisors Capital Management LLC’s holdings, making the stock its 16th biggest holding. Advisors Capital Management LLC’s holdings in Apple were worth $17,305,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Janus Henderson Group PLC increased its position in shares of Apple by 301.3% in the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock worth $2,880,992,000 after acquiring an additional 15,018,790 shares in the last quarter. Truepoint Inc. increased its position in shares of Apple by 15,559.4% in the third quarter. Truepoint Inc. now owns 4,436,774 shares of the iPhone maker’s stock worth $4,437,000 after acquiring an additional 4,408,441 shares in the last quarter. Capital Research Global Investors increased its position 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 worth $4,241,383,000 after acquiring an additional 3,845,363 shares in the last quarter. Stifel Financial Corp increased its position in shares of Apple by 9,166.4% in the third quarter. Stifel Financial Corp now owns 3,883,754 shares of the iPhone maker’s stock worth $598,497,000 after acquiring an additional 3,841,842 shares in the last quarter. Finally, Harding Loevner LP increased its position in shares of Apple by 784,734.3% in the third quarter. Harding Loevner LP now owns 3,296,304 shares of the iPhone maker’s stock worth $188,966,000 after acquiring an additional 3,295,884 shares in the last quarter. 61.35% of the stock is currently owned by institutional investors.

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Several equities research analysts have recently issued reports on the stock. Vetr lowered shares of Apple from a “strong-buy” rating to a “buy” rating and set a $186.86 price objective for the company. in a research report on Monday, April 2nd. Nomura set a $175.00 price objective on shares of Apple and gave the stock a “neutral” rating in a research report on Tuesday, April 3rd. BMO Capital Markets lowered shares of Apple from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $162.00 to $166.00 in a research report on Wednesday, January 31st. Royal Bank of Canada set a $203.00 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Tuesday, April 3rd. Finally, Morningstar set a $170.00 price objective on shares of Apple and gave the stock a “neutral” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $203.15.

Apple stock opened at $165.72 on Friday. The stock has a market cap of $876,789.50, a price-to-earnings ratio of 17.99, a P/E/G ratio of 1.31 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. Apple has a 52 week low of $141.85 and a 52 week high of $183.50.

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

In other Apple news, insider Luca Maestri sold 39,122 shares of the firm’s stock in a transaction dated Friday, April 13th. The shares were sold at an average price of $174.66, for a total transaction of $6,833,048.52. Following the transaction, the insider now owns 64,475 shares of the company’s stock, valued at approximately $11,261,203.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Philip W. Schiller sold 69,491 shares of the firm’s stock in a transaction dated 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. In the last three months, insiders have sold 125,988 shares of company stock worth $21,336,201. 0.08% of the stock is owned by corporate insiders.

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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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