Marsico Capital Management LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 232.4% during the first quarter, Holdings Channel reports. The institutional investor owned 261,430 shares of the iPhone maker’s stock after buying an additional 182,791 shares during the period. Apple comprises 1.6% of Marsico Capital Management LLC’s holdings, making the stock its 17th largest position. Marsico Capital Management LLC’s holdings in Apple were worth $37,557,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in AAPL. Saratoga Research & Investment Management boosted its position in shares of Apple by 0.6% in the first quarter. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker’s stock worth $95,840,000 after buying an additional 4,137 shares in the last quarter. Pinnacle Bank purchased a new position in shares of Apple during the first quarter worth $1,924,000. Norges Bank purchased a new position in shares of Apple during the fourth quarter worth $5,625,709,000. Perigon Wealth Management LLC boosted its position in shares of Apple by 5.9% in the fourth quarter. Perigon Wealth Management LLC now owns 147,469 shares of the iPhone maker’s stock worth $20,613,000 after buying an additional 8,233 shares in the last quarter. Finally, IFM Investors Pty Ltd purchased a new position in shares of Apple during the fourth quarter worth $7,910,000. 61.13% of the stock is currently owned by institutional investors.

Shares of Apple Inc. (NASDAQ:AAPL) traded up 1.58% during midday trading on Friday, reaching $157.77. 10,627,524 shares of the company’s stock traded hands. Apple Inc. has a one year low of $102.53 and a one year high of $161.83. The firm has a market capitalization of $814.92 billion, a PE ratio of 17.91 and a beta of 1.31. The stock’s 50-day moving average price is $149.58 and its 200 day moving average price is $144.00. Apple also saw some unusual options trading on Tuesday. Stock traders acquired 139,415 put options on the stock. This represents an increase of approximately 119% compared to the typical daily volume of 63,733 put options.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.10. Apple had a return on equity of 35.40% and a net margin of 20.87%. The company had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. During the same quarter in the prior year, the firm posted $1.42 EPS. Apple’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts expect that Apple Inc. will post $9.02 earnings per share for the current fiscal year.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 14th will be issued a dividend of $0.63 per share. The ex-dividend date is Thursday, August 10th. This represents a $2.52 annualized dividend and a yield of 1.62%. Apple’s payout ratio is presently 28.64%.

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A number of equities analysts have recently weighed in on AAPL shares. UBS AG reissued a “buy” rating and set a $170.00 price target on shares of Apple in a research report on Monday, July 31st. Bank of America Corporation reissued a “buy” rating and set a $180.00 price target (up from $155.00) on shares of Apple in a research report on Friday, May 12th. Wells Fargo & Company reissued a “market perform” rating and set a $140.00 price target on shares of Apple in a research report on Saturday, July 22nd. Mizuho reissued a “buy” rating and set a $150.00 price target on shares of Apple in a research report on Wednesday, May 3rd. Finally, Goldman Sachs Group, Inc. (The) set a $170.00 price target on shares of Apple and gave the stock a “buy” rating in a research report on Saturday, May 20th. Twelve research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $167.35.

In related news, insider Luca Maestri sold 4,757 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $154.70, for a total transaction of $735,907.90. Following the sale, the insider now owns 3,414 shares in the company, valued at approximately $528,145.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arthur D. Levinson sold 35,000 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $157.58, for a total value of $5,515,300.00. Following the sale, the director now owns 1,168,283 shares in the company, valued at approximately $184,098,035.14. The disclosure for this sale can be found here. Insiders have sold a total of 299,911 shares of company stock worth $46,557,634 in the last 90 days. 0.08% of the stock is currently owned by insiders.

About Apple

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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