Apple Inc. (AAPL) is Zurcher Kantonalbank Zurich Cantonalbank’s 2nd Largest Position
Zurcher Kantonalbank Zurich Cantonalbank cut its position in Apple Inc. (NASDAQ:AAPL) by 6.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,571,477 shares of the iPhone maker’s stock after selling 107,381 shares during the period. Apple comprises approximately 2.0% of Zurcher Kantonalbank Zurich Cantonalbank’s holdings, making the stock its 2nd largest position. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Apple were worth $150,233,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Hussman Strategic Advisors Inc. purchased a new position in shares of Apple during the second quarter valued at about $143,000. River & Mercantile Asset Management LLP increased its position in shares of Apple by 22.8% in the second quarter. River & Mercantile Asset Management LLP now owns 1,800 shares of the iPhone maker’s stock valued at $172,000 after buying an additional 334 shares during the period. Smith Affiliated Capital Corp. increased its position in shares of Apple by 158.0% in the second quarter. Smith Affiliated Capital Corp. now owns 1,935 shares of the iPhone maker’s stock valued at $185,000 after buying an additional 1,185 shares during the period. Capital Advisors Ltd. LLC increased its position in shares of Apple by 5.4% in the second quarter. Capital Advisors Ltd. LLC now owns 2,088 shares of the iPhone maker’s stock valued at $200,000 after buying an additional 107 shares during the period. Finally, Boston Standard Wealth Management LLC increased its position in shares of Apple by 0.6% in the second quarter. Boston Standard Wealth Management LLC now owns 2,280 shares of the iPhone maker’s stock valued at $218,000 after buying an additional 14 shares during the period. 56.46% of the stock is owned by hedge funds and other institutional investors.
Shares of Apple Inc. (NASDAQ:AAPL) traded up 0.78% on Friday, reaching $113.05. 36,379,106 shares of the company traded hands. Apple Inc. has a 1-year low of $89.47 and a 1-year high of $123.82. The company has a 50-day moving average of $109.76 and a 200-day moving average of $102.97. The stock has a market capitalization of $609.16 billion, a price-to-earnings ratio of 13.18 and a beta of 1.14.
Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.04. The company earned $42.36 billion during the quarter, compared to the consensus estimate of $42.35 billion. Apple had a net margin of 21.70% and a return on equity of 37.89%. Apple’s revenue was down 14.6% compared to the same quarter last year. During the same period last year, the firm earned $1.85 earnings per share. Analysts anticipate that Apple Inc. will post $8.26 earnings per share for the current fiscal year.
A number of equities research analysts recently weighed in on the stock. Piper Jaffray Cos. restated an “overweight” rating and set a $153.00 price objective on shares of Apple in a research note on Tuesday, July 26th. Credit Suisse Group AG restated an “outperform” rating and set a $150.00 price objective on shares of Apple in a research note on Thursday, September 15th. Needham & Company LLC restated a “buy” rating and set a $150.00 price objective on shares of Apple in a research note on Wednesday, July 20th. Citigroup Inc. lifted their price objective on shares of Apple from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Friday. Finally, Vetr cut shares of Apple from a “hold” rating to a “sell” rating and set a $105.47 price objective on the stock. in a research note on Monday, August 15th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, forty-two have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $126.13.
In other Apple news, CEO Timothy D. Cook sold 334,000 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $107.23, for a total value of $35,814,820.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Angela J. Ahrendts sold 35,797 shares of the firm’s stock in a transaction on Tuesday, July 19th. The stock was sold at an average price of $100.00, for a total transaction of $3,579,700.00. Following the completion of the transaction, the senior vice president now directly owns 105,839 shares of the company’s stock, valued at approximately $10,583,900. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by company insiders.
Apple Company Profile
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.
Receive News & Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related companies with MarketBeat.com's FREE daily email newsletter.