Apple Inc. (AAPL) Position Raised by Vigilant Capital Management LLC
Vigilant Capital Management LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,522 shares of the iPhone maker’s stock after acquiring an additional 668 shares during the quarter. Apple makes up approximately 2.1% of Vigilant Capital Management LLC’s holdings, making the stock its 8th biggest holding. Vigilant Capital Management LLC’s holdings in Apple were worth $12,893,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in AAPL. Portfolio Solutions LLC acquired a new stake in Apple during the first quarter worth about $169,000. CrestPoint Capital Management LLC raised its stake in Apple by 4.1% during the first quarter. CrestPoint Capital Management LLC now owns 33,300 shares of the iPhone maker’s stock worth $4,784,000 after acquiring an additional 1,300 shares during the period. Foothills Asset Management Ltd. acquired a new stake in Apple during the first quarter worth about $2,491,000. Ipswich Investment Management Co. Inc. raised its stake in Apple by 0.9% during the first quarter. Ipswich Investment Management Co. Inc. now owns 55,212 shares of the iPhone maker’s stock worth $7,932,000 after acquiring an additional 485 shares during the period. Finally, Stonehearth Capital Management LLC raised its stake in Apple by 0.8% during the first quarter. Stonehearth Capital Management LLC now owns 2,378 shares of the iPhone maker’s stock worth $342,000 after acquiring an additional 20 shares during the period. Hedge funds and other institutional investors own 60.33% of the company’s stock.
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Shares of Apple Inc. (NASDAQ:AAPL) traded down 2.4849% on Thursday, reaching $155.7901. 15,099,127 shares of the company were exchanged. The firm has a market capitalization of $804.69 billion, a PE ratio of 17.6873 and a beta of 1.27. The stock’s 50-day moving average is $157.53 and its 200 day moving average is $151.98. Apple Inc. has a 12-month low of $104.08 and a 12-month high of $164.94.
Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.10. The business had revenue of $45.41 billion during the quarter, compared to analyst estimates of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. Apple’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.42 earnings per share. On average, analysts forecast that Apple Inc. will post $9.01 EPS for the current year.
In other Apple news, SVP D Bruce Sewell sold 31,625 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $158.13, for a total value of $5,000,861.25. Following the completion of the sale, the senior vice president now owns 112,430 shares of the company’s stock, valued at $17,778,555.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Craig Federighi sold 63,163 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $158.07, for a total value of $9,984,175.41. Following the completion of the sale, the insider now directly owns 359,988 shares of the company’s stock, valued at approximately $56,903,303.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 541,177 shares of company stock valued at $85,864,804. 0.08% of the stock is owned by insiders.
Several research firms recently weighed in on AAPL. Barclays PLC reiterated a “hold” rating and set a $146.00 price objective on shares of Apple in a research note on Monday, September 4th. Piper Jaffray Companies restated an “overweight” rating and issued a $190.00 price target on shares of Apple in a research note on Tuesday, September 5th. Robert W. Baird restated a “buy” rating and issued a $172.00 price target on shares of Apple in a research note on Tuesday, September 5th. Royal Bank Of Canada raised their price target on shares of Apple from $176.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, September 1st. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $175.00 price target on shares of Apple in a research note on Wednesday, September 6th. Seven research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company. Apple presently has a consensus rating of “Buy” and a consensus price target of $190.67.
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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