Sequoia Financial Advisors LLC Has $18,362,000 Position in Apple Inc. (AAPL)
Sequoia Financial Advisors LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 192,068 shares of the iPhone maker’s stock after buying an additional 3,963 shares during the period. Apple accounts for 5.1% of Sequoia Financial Advisors LLC’s portfolio, making the stock its 2nd largest position. Sequoia Financial Advisors LLC’s holdings in Apple were worth $18,362,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in AAPL. First American Trust FSB increased its stake in Apple by 2.2% in the first quarter. First American Trust FSB now owns 81,380 shares of the iPhone maker’s stock valued at $8,870,000 after buying an additional 1,771 shares during the last quarter. LVM Capital Management Ltd. MI increased its stake in Apple by 4.1% in the first quarter. LVM Capital Management Ltd. MI now owns 157,563 shares of the iPhone maker’s stock valued at $17,173,000 after buying an additional 6,175 shares during the last quarter. Pensionfund DSM Netherlands increased its stake in Apple by 7.7% in the first quarter. Pensionfund DSM Netherlands now owns 154,400 shares of the iPhone maker’s stock valued at $16,828,000 after buying an additional 11,000 shares during the last quarter. Park National Corp OH increased its stake in Apple by 6.3% in the first quarter. Park National Corp OH now owns 230,756 shares of the iPhone maker’s stock valued at $25,150,000 after buying an additional 13,602 shares during the last quarter. Finally, Sunnymeath Asset Management Inc. bought a new stake in Apple during the fourth quarter valued at approximately $1,673,000. Institutional investors own 56.45% of the company’s stock.
Apple Inc. (NASDAQ:AAPL) traded down 0.02% during midday trading on Wednesday, reaching $113.55. 35,994,575 shares of the company’s stock were exchanged. The company has a market cap of $611.86 billion, a P/E ratio of 13.24 and a beta of 1.14. The company has a 50 day moving average price of $108.35 and a 200 day moving average price of $102.31. Apple Inc. has a 12 month low of $89.47 and a 12 month high of $123.82.
Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 EPS for the quarter, beating the consensus estimate of $1.38 by $0.04. The firm earned $42.36 billion during the quarter, compared to the consensus estimate of $42.35 billion. Apple had a return on equity of 37.89% and a net margin of 21.70%. The business’s quarterly revenue was down 14.6% on a year-over-year basis. During the same period last year, the company earned $1.85 earnings per share. On average, equities analysts anticipate that Apple Inc. will post $8.26 EPS for the current year.
A number of research analysts recently issued reports on the stock. Robert W. Baird restated a “buy” rating on shares of Apple in a research report on Thursday, June 2nd. Piper Jaffray Cos. restated a “buy” rating and set a $153.00 target price on shares of Apple in a research report on Wednesday, June 8th. RBC Capital Markets restated an “outperform” rating and set a $115.00 target price on shares of Apple in a research report on Friday, August 5th. Vetr downgraded shares of Apple from a “hold” rating to a “sell” rating and set a $103.98 target price for the company. in a research report on Monday, August 8th. Finally, Wells Fargo & Co. restated a “market perform” rating on shares of Apple in a research report on Friday, September 9th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, forty-two have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $126.34.
In other Apple news, SVP D Bruce Sewell sold 24,000 shares of the stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $110.11, for a total value of $2,642,640.00. Following the completion of the transaction, the senior vice president now directly owns 192,024 shares in the company, valued at $21,143,762.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Angela J. Ahrendts sold 25,000 shares of the stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $100.00, for a total value of $2,500,000.00. Following the completion of the transaction, the senior vice president now owns 105,839 shares of the company’s stock, valued at $10,583,900. The disclosure for this sale can be found here. 0.08% of the stock is owned by company insiders.
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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