Brightworth increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 8.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,594 shares of the iPhone maker’s stock after buying an additional 284 shares during the period. Apple accounts for approximately 0.3% of Brightworth’s portfolio, making the stock its 13th largest position. Brightworth’s holdings in Apple were worth $516,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Glacier Peak Capital LLC bought a new stake in Apple during the fourth quarter valued at approximately $127,000. Odey Holdings AG boosted its stake in Apple by 27.3% in the fourth quarter. Odey Holdings AG now owns 1,273 shares of the iPhone maker’s stock valued at $147,000 after buying an additional 273 shares during the period. Portfolio Solutions LLC acquired a new stake in Apple during the first quarter valued at about $169,000. Fox Run Management L.L.C. acquired a new stake in Apple during the first quarter valued at about $201,000. Finally, Ullmann Financial Group Inc. acquired a new stake in Apple during the fourth quarter valued at about $220,000. 61.21% of the stock is owned by hedge funds and other institutional investors.

Shares of Apple Inc. (NASDAQ AAPL) opened at 150.27 on Friday. Apple Inc. has a one year low of $96.42 and a one year high of $156.65. The company has a market capitalization of $783.48 billion, a PE ratio of 17.63 and a beta of 1.31. The company’s 50-day moving average is $147.46 and its 200-day moving average is $140.51.

Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.08. Apple had a net margin of 20.74% and a return on equity of 35.09%. The company had revenue of $52.90 billion during the quarter, compared to the consensus estimate of $52.61 billion. Equities analysts predict that Apple Inc. will post $8.91 earnings per share for the current year.

Apple announced that its board has authorized a share buyback program on Tuesday, May 2nd that allows the company to buyback $50.00 billion in shares. This buyback authorization allows the iPhone maker to purchase up to 6.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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Several equities research analysts have issued reports on AAPL shares. Royal Bank Of Canada raised their target price on Apple from $157.00 to $168.00 and gave the stock an “outperform” rating in a research note on Monday, May 22nd. Rosenblatt Securities set a $120.00 target price on Apple and gave the stock a “hold” rating in a research note on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $170.00 target price (up previously from $164.00) on shares of Apple in a research note on Friday, May 12th. Vetr raised Apple from a “hold” rating to a “buy” rating and set a $146.43 target price for the company in a research note on Monday, March 27th. Finally, Cowen and Company reissued an “outperform” rating and set a $160.00 target price on shares of Apple in a research note on Thursday, May 25th. Eleven equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. Apple presently has an average rating of “Buy” and an average target price of $160.38.

In related news, insider Angela J. Ahrendts sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were 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 $22,806,085.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Daniel J. Riccio sold 11,949 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $142.86, for a total transaction of $1,707,034.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 373,000 shares of company stock valued at $56,497,046. 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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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