First National Bank of Mount Dora Trust Investment Services Raises Position in Apple Inc. (AAPL)
First National Bank of Mount Dora Trust Investment Services boosted its stake in Apple Inc. (NASDAQ:AAPL) by 2.4% during the second quarter, Holdings Channel reports. The fund owned 23,486 shares of the iPhone maker’s stock after buying an additional 545 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in Apple were worth $2,245,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently modified their holdings of AAPL. River & Mercantile Asset Management LLP raised its position in Apple by 22.8% in the second quarter. River & Mercantile Asset Management LLP now owns 1,800 shares of the iPhone maker’s stock worth $172,000 after buying an additional 334 shares in the last quarter. Smith Affiliated Capital Corp. raised its position in Apple by 158.0% in the second quarter. Smith Affiliated Capital Corp. now owns 1,935 shares of the iPhone maker’s stock worth $185,000 after buying an additional 1,185 shares in the last quarter. Capital Advisors Ltd. LLC raised its position in Apple by 5.4% in the second quarter. Capital Advisors Ltd. LLC now owns 2,088 shares of the iPhone maker’s stock worth $200,000 after buying an additional 107 shares in the last quarter. Boston Standard Wealth Management LLC raised its position in Apple by 0.6% in the second quarter. Boston Standard Wealth Management LLC now owns 2,280 shares of the iPhone maker’s stock worth $218,000 after buying an additional 14 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in Apple during the second quarter worth about $220,000. 56.46% of the stock is currently owned by institutional investors.
Shares of Apple Inc. (NASDAQ:AAPL) traded up 0.89% on Wednesday, reaching $117.34. 37,581,797 shares of the company were exchanged. Apple Inc. has a 12-month low of $89.47 and a 12-month high of $123.82. The firm has a market capitalization of $632.28 billion, a PE ratio of 13.68 and a beta of 1.22. The stock’s 50-day moving average is $110.78 and its 200 day moving average is $103.36.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, July 26th. The iPhone maker reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.04. Apple had a return on equity of 37.89% and a net margin of 21.70%. The company earned $42.36 billion during the quarter, compared to analyst estimates of $42.35 billion. During the same quarter in the previous year, the firm earned $1.85 earnings per share. Apple’s revenue was down 14.6% on a year-over-year basis. On average, analysts forecast that Apple Inc. will post $8.26 EPS for the current year.
A number of equities analysts recently issued reports on the company. RBC Capital Markets reissued an “outperform” rating and set a $115.00 price target on shares of Apple in a report on Friday, August 5th. Vetr lowered Apple from a “hold” rating to a “sell” rating and set a $103.98 price target on the stock. in a report on Monday, August 8th. Wells Fargo & Co. reissued a “market perform” rating on shares of Apple in a report on Friday, September 9th. BMO Capital Markets reissued an “outperform” rating and set a $116.00 price target (down previously from $118.00) on shares of Apple in a report on Thursday, July 21st. Finally, Macquarie reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of Apple in a report on Friday, August 26th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, forty-three have given a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $126.34.
In other news, SVP Angela J. Ahrendts sold 35,797 shares of the business’s stock in a transaction dated 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 owns 105,839 shares of the company’s stock, valued at $10,583,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 334,000 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $107.23, for a total value of $35,814,820.00. 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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