Narwhal Capital Management lifted its holdings in Apple (NASDAQ:AAPL) by 15.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 75,720 shares of the iPhone maker’s stock after buying an additional 10,175 shares during the quarter. Apple makes up 2.9% of Narwhal Capital Management’s holdings, making the stock its 3rd largest holding. Narwhal Capital Management’s holdings in Apple were worth $12,814,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC grew its position in shares of Apple by 301.3% in the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after purchasing an additional 15,018,790 shares during the period. Truepoint Inc. grew its position in shares of Apple by 15,559.4% in the third quarter. Truepoint Inc. now owns 4,436,774 shares of the iPhone maker’s stock valued at $4,437,000 after purchasing an additional 4,408,441 shares during the period. Capital Research Global Investors grew its position in shares of Apple by 15.0% in the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after purchasing an additional 3,845,363 shares during the period. Stifel Financial Corp grew its position in shares of Apple by 9,166.4% in the third quarter. Stifel Financial Corp now owns 3,883,754 shares of the iPhone maker’s stock valued at $598,497,000 after purchasing an additional 3,841,842 shares during the period. Finally, Harding Loevner LP grew its position in shares of Apple by 784,734.3% in the third quarter. Harding Loevner LP now owns 3,296,304 shares of the iPhone maker’s stock valued at $188,966,000 after purchasing an additional 3,295,884 shares during the period. Hedge funds and other institutional investors own 61.35% of the company’s stock.

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Shares of AAPL stock opened at $175.82 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $886,582.31, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 1.32 and a beta of 1.25. Apple has a fifty-two week low of $140.45 and a fifty-two week high of $183.50.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.82 by $0.07. The firm had revenue of $88.29 billion during the quarter, compared to analysts’ expectations of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.36 earnings per share. research analysts predict that Apple will post 11.37 EPS for the current year.

In other Apple news, insider Luca Maestri sold 39,122 shares of the business’s stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $174.66, for a total transaction of $6,833,048.52. Following the completion of the transaction, the insider now owns 64,475 shares in the company, valued at approximately $11,261,203.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Philip W. Schiller sold 69,491 shares of the business’s stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $166.42, for a total transaction of $11,564,692.22. The disclosure for this sale can be found here. Insiders sold 125,988 shares of company stock valued at $21,336,201 in the last 90 days. Company insiders own 0.06% of the company’s stock.

Several analysts have recently issued reports on the stock. Vetr lowered shares of Apple from a “strong-buy” rating to a “buy” rating and set a $187.18 target price on the stock. in a research report on Wednesday, February 14th. Zacks Investment Research upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $197.00 target price on the stock in a research report on Thursday, January 18th. Rosenblatt Securities reiterated a “buy” rating and issued a $180.00 target price on shares of Apple in a research report on Friday, March 16th. Monness Crespi & Hardt assumed coverage on shares of Apple in a research report on Wednesday, April 11th. They issued a “buy” rating and a $235.00 target price on the stock. Finally, Piper Jaffray reiterated a “buy” rating and issued a $200.00 target price on shares of Apple in a research report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Apple presently has a consensus rating of “Buy” and an average target price of $203.21.

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Apple 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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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