Nicola Wealth Management LTD. purchased a new stake in shares of Apple Inc. (NASDAQ:AAPL) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 32,600 shares of the iPhone maker’s stock, valued at approximately $5,470,000. Apple comprises 1.1% of Nicola Wealth Management LTD.’s portfolio, making the stock its 26th largest position.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Quattro Financial Advisors LLC purchased a new position in shares of Apple in the first quarter valued at approximately $133,000. Smart Portfolios LLC purchased a new position in Apple in the first quarter worth approximately $134,000. Spectrum Financial Alliance Ltd LLC purchased a new position in Apple in the first quarter worth approximately $138,000. Macroview Investment Management LLC lifted its stake in Apple by 220.3% in the first quarter. Macroview Investment Management LLC now owns 900 shares of the iPhone maker’s stock worth $151,000 after acquiring an additional 619 shares during the last quarter. Finally, Litman Gregory Asset Management LLC lifted its stake in Apple by 553.8% in the first quarter. Litman Gregory Asset Management LLC now owns 1,033 shares of the iPhone maker’s stock worth $173,000 after acquiring an additional 875 shares during the last quarter. Institutional investors and hedge funds own 58.62% of the company’s stock.
Shares of Apple stock opened at $223.84 on Monday. The firm has a market capitalization of $1,086.59 billion, a PE ratio of 24.30, a price-to-earnings-growth ratio of 1.95 and a beta of 1.33. Apple Inc. has a 12 month low of $149.16 and a 12 month high of $229.67. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.24 and a current ratio of 1.31.
Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, July 31st. The iPhone maker reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.16. The business had revenue of $53.27 billion for the quarter, compared to analysts’ expectations of $52.43 billion. Apple had a net margin of 21.98% and a return on equity of 43.50%. The company’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.67 EPS. equities research analysts expect that Apple Inc. will post 11.76 EPS for the current fiscal year.
AAPL has been the subject of a number of recent research reports. UBS Group initiated coverage on shares of Apple in a research note on Wednesday, September 12th. Maxim Group lifted their price target on shares of Apple to $221.00 and gave the stock an “average” rating in a research note on Thursday. Argus boosted their price objective on shares of Apple from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, June 8th. BidaskClub upgraded shares of Apple from a “hold” rating to a “buy” rating in a research report on Tuesday, May 29th. Finally, Macquarie restated a “buy” rating and set a $197.00 price objective on shares of Apple in a research report on Monday, June 11th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty have issued a buy rating to the company. Apple has a consensus rating of “Buy” and an average price target of $217.53.
In other Apple news, COO Jeffrey E. Williams sold 15,652 shares of the business’s stock in a transaction on Monday, July 9th. The shares were sold at an average price of $190.18, for a total value of $2,976,697.36. Following the transaction, the chief operating officer now directly owns 125,258 shares of the company’s stock, valued at approximately $23,821,566.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy D. Cook sold 265,160 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $217.79, for a total transaction of $57,749,196.40. The disclosure for this sale can be found here. Insiders sold a total of 378,400 shares of company stock worth $81,052,754 over the last three months. 0.08% of the stock is currently owned by corporate insiders.
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.
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