Allianz Life Insurance Co of North America Takes $528,000 Position in Apple Inc. (AAPL)

Allianz Life Insurance Co of North America bought a new position in Apple Inc. (NASDAQ:AAPL) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,145 shares of the iPhone maker’s stock, valued at approximately $528,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Summit Trail Advisors LLC increased its position in shares of Apple by 17,669.4% during the first quarter. Summit Trail Advisors LLC now owns 20,180,694 shares of the iPhone maker’s stock worth $20,181,000 after acquiring an additional 20,067,124 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Apple by 1.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 19,610,272 shares of the iPhone maker’s stock worth $3,290,212,000 after acquiring an additional 347,970 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Apple by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 16,158,094 shares of the iPhone maker’s stock worth $2,711,005,000 after acquiring an additional 55,050 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Apple by 0.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 15,977,515 shares of the iPhone maker’s stock worth $2,680,707,000 after acquiring an additional 136,478 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Apple by 0.4% during the first quarter. American Century Companies Inc. now owns 14,064,371 shares of the iPhone maker’s stock worth $2,359,720,000 after acquiring an additional 60,860 shares in the last quarter. Institutional investors own 58.62% of the company’s stock.

Shares of AAPL opened at $217.88 on Tuesday. Apple Inc. has a one year low of $149.16 and a one year high of $229.67. The stock has a market capitalization of $1,086.59 billion, a PE ratio of 23.87, a PEG ratio of 1.95 and a beta of 1.33. The company has a quick ratio of 1.24, a current ratio of 1.31 and a debt-to-equity ratio of 0.84.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, July 31st. The iPhone maker reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.16. Apple had a net margin of 21.98% and a return on equity of 43.50%. The company had revenue of $53.27 billion during the quarter, compared to the consensus estimate of $52.43 billion. During the same quarter last year, the firm posted $1.67 EPS. The company’s quarterly revenue was up 17.3% on a year-over-year basis. research analysts forecast that Apple Inc. will post 11.76 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on AAPL. BTIG Research raised shares of Apple to a “buy” rating and increased their price objective for the stock from $207.00 to $235.00 in a research report on Wednesday, August 1st. Macquarie set a $214.00 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Morgan Stanley reissued a “buy” rating and set a $232.00 price objective on shares of Apple in a research report on Wednesday, August 22nd. S&P Equity Research increased their price objective on shares of Apple to $250.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Finally, UBS Group began coverage on shares of Apple in a research report on Wednesday, September 12th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $217.53.

In other news, insider Johny Srouji sold 14,140 shares of the firm’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $214.98, for a total transaction of $3,039,817.20. Following the completion of the sale, the insider now owns 68,302 shares in the company, valued at approximately $14,683,563.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Timothy D. Cook sold 265,160 shares of the firm’s stock in a transaction dated Monday, August 27th. The stock was 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. In the last three months, insiders sold 378,400 shares of company stock valued at $81,052,754. Insiders own 0.08% of the company’s stock.

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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