Peterson Wealth Advisors LLC lessened its stake in Apple Inc. (NASDAQ:AAPL) by 17.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,209 shares of the iPhone maker’s stock after selling 459 shares during the quarter. Apple comprises about 0.3% of Peterson Wealth Advisors LLC’s holdings, making the stock its 28th largest holding. Peterson Wealth Advisors LLC’s holdings in Apple were worth $409,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Summit Trail Advisors LLC boosted its stake in shares of Apple by 17,669.4% during the 1st quarter. Summit Trail Advisors LLC now owns 20,180,694 shares of the iPhone maker’s stock valued at $20,181,000 after buying an additional 20,067,124 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Apple by 1.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 19,610,272 shares of the iPhone maker’s stock valued at $3,290,212,000 after buying an additional 347,970 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 purchasing an additional 55,050 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in 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 purchasing an additional 136,478 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in 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 purchasing an additional 60,860 shares during the last quarter. Hedge funds and other institutional investors own 58.58% of the company’s stock.
AAPL has been the topic of several research analyst reports. UBS Group initiated coverage on Apple in a research note on Wednesday, September 12th. Maxim Group raised their price objective on Apple to $221.00 and gave the stock an “average” rating in a research note on Thursday, September 13th. Royal Bank of Canada raised their price objective on Apple to $250.00 and gave the stock an “average” rating in a research note on Wednesday, September 26th. BidaskClub upgraded Apple from a “hold” rating to a “buy” rating in a research note on Monday, June 18th. Finally, Guggenheim restated a “buy” rating and set a $225.00 price objective on shares of Apple in a research note on Tuesday, July 24th. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirty have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $221.63.
Shares of NASDAQ AAPL opened at $222.11 on Friday. Apple Inc. has a 1-year low of $150.24 and a 1-year high of $233.47. The company has a current ratio of 1.31, a quick ratio of 1.24 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $1,109.54 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of 1.99 and a beta of 1.36.
Apple (NASDAQ:AAPL) last issued its quarterly 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 company had revenue of $53.27 billion for the quarter, compared to analyst estimates of $52.43 billion. Apple had a return on equity of 43.50% and a net margin of 21.98%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same period last year, the company earned $1.67 earnings per share. Sell-side analysts anticipate that Apple Inc. will post 11.76 EPS for the current fiscal year.
In other news, Director Arthur D. Levinson sold 20,000 shares of the firm’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $206.58, for a total transaction of $4,131,600.00. Following the transaction, the director now directly owns 1,153,283 shares of the company’s stock, valued at $238,245,202.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Angela J. Ahrendts sold 14,194 shares of the firm’s stock in a transaction on Friday, October 5th. The shares were sold at an average price of $227.96, for a total value of $3,235,664.24. Following the transaction, the senior vice president now directly owns 105,538 shares in the company, valued at $24,058,442.48. The disclosure for this sale can be found here. Insiders have sold 564,185 shares of company stock worth $124,444,213 over the last three months. Corporate insiders own 0.06% of the company’s stock.
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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