Apple Inc. (AAPL) is Sheaff Brock Investment Advisors LLC’s Largest Position

Sheaff Brock Investment Advisors LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 0.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 390,399 shares of the iPhone maker’s stock after selling 1,063 shares during the period. Apple accounts for about 6.8% of Sheaff Brock Investment Advisors LLC’s portfolio, making the stock its biggest holding. Sheaff Brock Investment Advisors LLC’s holdings in Apple were worth $65,501,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Smart Portfolios LLC purchased a new stake in shares of Apple in the first quarter worth about $134,000. Oak Point Wealth Management purchased a new stake in shares of Apple in the fourth quarter worth about $163,000. Stuart Chaussee & Associates Inc. lifted its position in shares of Apple by 940.8% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 1,072 shares of the iPhone maker’s stock worth $181,000 after buying an additional 969 shares in the last quarter. Interactive Financial Advisors purchased a new stake in shares of Apple in the fourth quarter worth about $188,000. Finally, Delphi Private Advisors LLC lifted its position in shares of Apple by 8,292.9% in the fourth quarter. Delphi Private Advisors LLC now owns 1,175 shares of the iPhone maker’s stock worth $199,000 after buying an additional 1,161 shares in the last quarter. 58.07% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently commented on AAPL. Loop Capital boosted their target price on Apple from $195.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday. Rosenblatt Securities reiterated a “buy” rating and issued a $180.00 target price on shares of Apple in a research report on Friday, March 16th. Monness Crespi & Hardt initiated coverage on Apple in a research report on Wednesday, April 11th. They set a “buy” rating and a $235.00 price objective on the stock. Zacks Investment Research downgraded Apple from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. Finally, Morgan Stanley decreased their price objective on Apple from $203.00 to $200.00 and set an “overweight” rating on the stock in a research report on Friday, April 20th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $207.53.

Apple opened at $187.97 on Friday, MarketBeat reports. The company has a quick ratio of 1.37, a current ratio of 1.46 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $953.76 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 1.55 and a beta of 1.24. Apple Inc. has a 1-year low of $142.90 and a 1-year high of $194.20.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, May 1st. The iPhone maker reported $2.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.69 by $0.04. The firm had revenue of $61.14 billion during the quarter, compared to analysts’ expectations of $60.94 billion. Apple had a return on equity of 39.97% and a net margin of 21.55%. The business’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.10 EPS. equities research analysts expect that Apple Inc. will post 11.42 EPS for the current fiscal year.

Apple declared that its Board of Directors has initiated a share buyback program on Tuesday, May 1st that permits the company to repurchase $100.00 billion in shares. This repurchase authorization permits the iPhone maker to reacquire up to 11.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

In related news, insider Angela J. Ahrendts sold 6,568 shares of the firm’s stock in a transaction on Friday, June 15th. The stock was sold at an average price of $188.81, for a total value of $1,240,104.08. Following the completion of the transaction, the insider now owns 79,476 shares in the company, valued at approximately $15,005,863.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Luca Maestri sold 39,122 shares of the firm’s stock in a transaction on Friday, April 13th. The stock was sold at an average price of $174.66, for a total value of $6,833,048.52. Following the completion of the transaction, the insider now owns 64,475 shares of the company’s stock, valued at approximately $11,261,203.50. The disclosure for this sale can be found here. Insiders sold a total of 192,208 shares of company stock valued at $35,104,302 in the last 90 days. 0.08% of the stock is currently owned by company insiders.

Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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