Apple Inc. (AAPL) Shares Bought by Nicolet Bankshares Inc.
Nicolet Bankshares Inc. raised its stake in Apple Inc. (NASDAQ:AAPL) by 3.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,684 shares of the iPhone maker’s stock after buying an additional 844 shares during the period. Apple accounts for 2.1% of Nicolet Bankshares Inc.’s investment portfolio, making the stock its 8th largest position. Nicolet Bankshares Inc.’s holdings in Apple were worth $3,977,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Hunter Associates Investment Management LLC raised its position in shares of Apple by 2.1% in the fourth quarter. Hunter Associates Investment Management LLC now owns 46,827 shares of the iPhone maker’s stock valued at $5,423,000 after buying an additional 965 shares in the last quarter. WS Management Lllp purchased a new position in shares of Apple during the fourth quarter valued at about $11,489,000. RBO & Co. LLC raised its position in shares of Apple by 0.4% in the fourth quarter. RBO & Co. LLC now owns 86,670 shares of the iPhone maker’s stock valued at $10,038,000 after buying an additional 335 shares in the last quarter. Glenview Trust Co purchased a new position in shares of Apple during the fourth quarter valued at about $26,019,000. Finally, Barber Financial Group Inc. purchased a new position in shares of Apple during the fourth quarter valued at about $1,449,000. Institutional investors and hedge funds own 61.21% of the company’s stock.
Apple Inc. (NASDAQ AAPL) opened at 151.02 on Thursday. The stock has a 50 day moving average of $147.52 and a 200 day moving average of $140.44. Apple Inc. has a 52 week low of $96.42 and a 52 week high of $156.65. The firm has a market cap of $787.39 billion, a PE ratio of 17.72 and a beta of 1.31.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.08. The business had revenue of $52.90 billion for the quarter, compared to the consensus estimate of $52.61 billion. Apple had a net margin of 20.74% and a return on equity of 35.09%. Analysts anticipate that Apple Inc. will post $8.91 EPS for the current year.
Apple announced that its Board of Directors has authorized a stock buyback program on Tuesday, May 2nd that permits the company to buyback $50.00 billion in shares. This buyback authorization permits the iPhone maker to repurchase up to 6.5% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
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Several research analysts have recently issued reports on AAPL shares. Goldman Sachs Group, Inc. (The) set a $150.00 target price on Apple and gave the stock a “buy” rating in a research report on Wednesday, March 22nd. Nomura reissued a “buy” rating and issued a $135.00 target price on shares of Apple in a research report on Thursday, March 23rd. Instinet increased their target price on Apple from $135.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, March 24th. Royal Bank Of Canada reissued an “outperform” rating and issued a $155.00 target price on shares of Apple in a research report on Friday, March 24th. Finally, Needham & Company LLC lowered Apple from a “strong-buy” rating to a “buy” rating and increased their target price for the stock from $150.00 to $165.00 in a research report on Friday, March 24th. Eleven equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $160.38.
In other Apple news, insider Angela J. Ahrendts sold 75,000 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $147.98, for a total transaction of $11,098,500.00. Following the completion of the sale, the insider now directly owns 154,116 shares of the company’s stock, valued at approximately $22,806,085.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP D Bruce Sewell sold 67,500 shares of the business’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $148.76, for a total value of $10,041,300.00. Following the sale, the senior vice president now directly owns 141,325 shares of the company’s stock, valued at $21,023,507. The disclosure for this sale can be found here. In the last quarter, insiders have sold 373,000 shares of company stock worth $56,497,046. 0.08% of the stock is owned by corporate 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.
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