First Hawaiian Bank Has $868,000 Position in Apple Inc. (AAPL)
First Hawaiian Bank lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 6.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,028 shares of the iPhone maker’s stock after selling 428 shares during the quarter. First Hawaiian Bank’s holdings in Apple were worth $868,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of AAPL. Hefty Wealth Partners raised its position in Apple by 27.6% in the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 174 shares during the period. American Beacon Advisors Inc. purchased a new position in shares of Apple in the first quarter valued at about $117,000. Portfolio Solutions LLC purchased a new position in shares of Apple in the first quarter valued at about $169,000. Fox Run Management L.L.C. purchased a new position in shares of Apple in the first quarter valued at about $201,000. Finally, Stone House Investment Management LLC purchased a new position in shares of Apple in the first quarter valued at about $225,000. Institutional investors own 60.35% of the company’s stock.
Apple Inc. (AAPL) traded down 0.98% during midday trading on Friday, hitting $151.89. 46,645,443 shares of the stock were exchanged. The firm has a 50-day moving average price of $159.51 and a 200-day moving average price of $149.86. Apple Inc. has a one year low of $104.08 and a one year high of $164.94. The stock has a market cap of $784.55 billion, a P/E ratio of 17.24 and a beta of 1.27. Apple also was the target of some unusual options trading on Wednesday. Investors acquired 174,155 put options on the company. This represents an increase of approximately 102% compared to the typical volume of 86,200 put options.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.10. Apple had a return on equity of 35.40% and a net margin of 20.87%. The business had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. During the same quarter last year, the business posted $1.42 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts anticipate that Apple Inc. will post $9.01 EPS for the current fiscal year.
A number of equities analysts have issued reports on the stock. Vetr upgraded shares of Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 price objective on the stock in a research report on Friday. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $170.00 price objective on shares of Apple in a research report on Wednesday, June 21st. Nomura restated a “buy” rating and issued a $165.00 price objective on shares of Apple in a research report on Wednesday, July 5th. Maxim Group boosted their price objective on shares of Apple from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, June 19th. Finally, UBS AG restated a “buy” rating and issued a $170.00 price objective on shares of Apple in a research report on Wednesday, May 31st. Ten investment analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $188.37.
In other news, insider Daniel J. Riccio sold 11,949 shares of the firm’s stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $142.86, for a total value of $1,707,034.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy D. Cook sold 268,623 shares of the firm’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $160.63, for a total value of $43,148,912.49. The disclosure for this sale can be found here. In the last 90 days, insiders sold 432,930 shares of company stock valued at $69,008,577. Company insiders own 0.08% of the company’s stock.
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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