Apple Inc. (AAPL) is Raymond James Financial Services Advisors Inc.’s Largest Position
Raymond James Financial Services Advisors Inc. lifted its position in Apple Inc. (NASDAQ:AAPL) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,969,137 shares of the iPhone maker’s stock after acquiring an additional 58,645 shares during the period. Apple accounts for about 1.9% of Raymond James Financial Services Advisors Inc.’s investment portfolio, making the stock its largest holding. Raymond James Financial Services Advisors Inc.’s holdings in Apple were worth $303,495,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. IFC Holdings Incorporated FL increased its position in Apple by 17.8% during the 3rd quarter. IFC Holdings Incorporated FL now owns 100,178 shares of the iPhone maker’s stock valued at $15,448,000 after buying an additional 15,106 shares in the last quarter. Broderick Brian C increased its position in Apple by 0.8% during the 3rd quarter. Broderick Brian C now owns 56,657 shares of the iPhone maker’s stock valued at $8,732,000 after buying an additional 432 shares in the last quarter. Hemenway Trust Co LLC increased its position in Apple by 1.1% during the 3rd quarter. Hemenway Trust Co LLC now owns 123,346 shares of the iPhone maker’s stock valued at $19,010,000 after buying an additional 1,357 shares in the last quarter. FinTrust Investment Advisory Services LLC bought a new position in Apple during the 3rd quarter valued at approximately $3,202,000. Finally, Paragon Capital Management Ltd bought a new position in Apple during the 3rd quarter valued at approximately $1,428,000. 60.17% of the stock is owned by hedge funds and other institutional investors.
Apple Inc. (NASDAQ:AAPL) opened at $177.09 on Friday. The firm has a market capitalization of $909,240.00, a price-to-earnings ratio of 19.27, a P/E/G ratio of 1.43 and a beta of 1.23. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. Apple Inc. has a 52-week low of $118.22 and a 52-week high of $177.36.
Apple (NASDAQ:AAPL) last released its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.20. The company had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. Apple’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.50 earnings per share. equities analysts anticipate that Apple Inc. will post 11.18 EPS for the current fiscal year.
A number of research analysts recently weighed in on the company. Nomura set a $175.00 price objective on Apple and gave the company a “neutral” rating in a research report on Tuesday, December 19th. Instinet lowered Apple from a “buy” rating to a “neutral” rating and set a $175.00 price objective for the company. in a research report on Tuesday, December 19th. Maxim Group increased their target price on Apple from $193.00 to $204.00 and gave the company a “buy” rating in a research note on Friday. Loop Capital reiterated a “buy” rating and set a $200.00 target price on shares of Apple in a research note on Friday, December 22nd. Finally, UBS Group set a $190.00 target price on Apple and gave the company a “buy” rating in a research note on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $198.94.
In related news, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction on Friday, January 5th. The stock was sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the transaction, the insider now directly owns 13,739 shares in the company, valued at $2,401,302.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Johny Srouji sold 10,368 shares of Apple stock in a transaction on Friday, November 24th. The shares were sold at an average price of $174.68, for a total value of $1,811,082.24. Following the transaction, the insider now owns 81,560 shares in the company, valued at $14,246,900.80. The disclosure for this sale can be found here. Insiders have sold 128,412 shares of company stock worth $22,115,155 over the last quarter. 0.06% of the stock is owned by company insiders.
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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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