Apple Inc. (AAPL) is Eads & Heald Investment Counsel’s 10th Largest Position
Eads & Heald Investment Counsel lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,067 shares of the iPhone maker’s stock after selling 592 shares during the period. Apple comprises approximately 1.4% of Eads & Heald Investment Counsel’s holdings, making the stock its 10th biggest position. Eads & Heald Investment Counsel’s holdings in Apple were worth $2,322,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Janus Henderson Group PLC increased its holdings in Apple by 301.3% in the 2nd quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock worth $2,880,992,000 after acquiring an additional 15,018,790 shares in the last quarter. Harbour Capital Advisors LLC increased its holdings in Apple by 14,030.2% in the 2nd quarter. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker’s stock worth $31,352,000 after acquiring an additional 4,483,360 shares in the last quarter. Capital Research Global Investors increased its holdings in Apple by 15.0% in the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after acquiring an additional 3,845,363 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Apple by 200.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,765,574 shares of the iPhone maker’s stock worth $686,338,000 after acquiring an additional 3,178,809 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Apple by 25.3% in the 2nd quarter. Principal Financial Group Inc. now owns 10,582,632 shares of the iPhone maker’s stock worth $1,524,110,000 after acquiring an additional 2,138,928 shares in the last quarter. Hedge funds and other institutional investors own 60.19% of the company’s stock.
In other Apple news, SVP Johny Srouji sold 5,760 shares of Apple stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total value of $1,004,544.00. Following the transaction, the senior vice president now owns 81,560 shares in the company, valued at $14,224,064. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $174.78, for a total value of $2,733,733.98. Following the completion of the transaction, the insider now owns 13,739 shares in the company, valued at approximately $2,401,302.42. The disclosure for this sale can be found here. Insiders sold 128,412 shares of company stock worth $22,115,155 in the last quarter. 0.06% of the stock is owned by insiders.
Apple Inc. (NASDAQ AAPL) opened at $177.09 on Tuesday. Apple Inc. has a 52 week low of $118.22 and a 52 week high of $177.36. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $900,866.69, a PE ratio of 19.25, a price-to-earnings-growth ratio of 1.45 and a beta of 1.21.
Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The company had revenue of $52.58 billion for the quarter, compared to analyst estimates of $50.71 billion. During the same quarter in the previous year, the firm earned $1.50 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. equities research analysts expect that Apple Inc. will post 11.18 EPS for the current fiscal year.
Several equities research analysts recently issued reports on the stock. Nomura set a $175.00 target price on shares of Apple and gave the stock a “neutral” rating in a report on Tuesday, December 19th. Instinet lowered shares of Apple from a “buy” rating to a “neutral” rating and set a $175.00 target price for the company. in a report on Tuesday, December 19th. Maxim Group increased their target price on shares of Apple from $193.00 to $204.00 and gave the stock a “buy” rating in a report on Friday. Loop Capital reissued a “buy” rating and issued a $200.00 target price on shares of Apple in a report on Friday, December 22nd. Finally, UBS Group set a $190.00 target price on shares of Apple and gave the stock a “buy” rating in a report on Monday, November 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $198.94.
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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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