Apple Inc. (AAPL) Shares Bought by Investors Capital Advisory Services
Investors Capital Advisory Services boosted its position in Apple Inc. (NASDAQ:AAPL) by 3.6% during the second quarter, Holdings Channel reports. The institutional investor owned 91,526 shares of the iPhone maker’s stock after buying an additional 3,210 shares during the period. Apple accounts for 1.7% of Investors Capital Advisory Services’ portfolio, making the stock its largest position. Investors Capital Advisory Services’ holdings in Apple were worth $8,747,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in AAPL. Hussman Strategic Advisors Inc. bought a new position in shares of Apple during the second quarter valued at $143,000. River & Mercantile Asset Management LLP boosted 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. boosted 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 boosted 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, Stelac Advisory Services LLC boosted its position in shares of Apple by 70.5% in the second quarter. Stelac Advisory Services LLC now owns 2,100 shares of the iPhone maker’s stock valued at $201,000 after buying an additional 868 shares during the period. 56.46% of the stock is owned by institutional investors and hedge funds.
Shares of Apple Inc. (NASDAQ:AAPL) traded up 1.97% during midday trading on Monday, hitting $116.31. 21,643,398 shares of the stock were exchanged. The firm has a market cap of $626.73 billion, a P/E ratio of 13.56 and a beta of 1.22. Apple Inc. has a 12-month low of $89.47 and a 12-month high of $123.82. The firm has a 50 day moving average of $110.36 and a 200 day moving average of $103.24.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. The business 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%. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.85 earnings per share. Equities analysts forecast that Apple Inc. will post $8.26 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the company. Raymond James Financial Inc. reiterated a “hold” rating on shares of Apple in a research report on Saturday, July 9th. Barclays PLC restated a “buy” rating on shares of Apple in a research report on Sunday, July 17th. Credit Suisse Group AG restated a “buy” rating and set a $150.00 target price on shares of Apple in a research report on Sunday, July 17th. Brean Capital restated a “buy” rating and set a $125.00 target price on shares of Apple in a research report on Wednesday, June 15th. Finally, RBC Capital Markets restated an “outperform” rating and set a $117.00 target price (up from $115.00) on shares of Apple in a research report on Thursday, August 11th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, forty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. Apple presently has a consensus rating of “Buy” and a consensus price target of $126.13.
In related news, COO Jeffrey E. Williams sold 43,769 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $112.59, for a total value of $4,927,951.71. Following the completion of the sale, the chief operating officer now directly owns 90,657 shares in the company, valued at $10,207,071.63. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Angela J. Ahrendts sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $100.00, for a total transaction of $2,500,000.00. Following the completion of the sale, 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. Insiders own 0.08% of the company’s stock.
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.
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