Apple Inc. (AAPL) Position Boosted by Epstein & White Financial LLC
Epstein & White Financial LLC increased its position in Apple Inc. (NASDAQ:AAPL) by 5.0% in the second quarter, HoldingsChannel.com reports. The firm owned 5,963 shares of the iPhone maker’s stock after acquiring an additional 282 shares during the period. Apple accounts for about 0.8% of Epstein & White Financial LLC’s investment portfolio, making the stock its 16th biggest holding. Epstein & White Financial LLC’s holdings in Apple were worth $1,103,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the stock. Quattro Financial Advisors LLC purchased a new stake in Apple in the 1st quarter worth approximately $133,000. Smart Portfolios LLC bought a new position in shares of Apple during the 1st quarter valued at $134,000. CX Institutional bought a new position in shares of Apple during the 2nd quarter valued at $135,000. Spectrum Financial Alliance Ltd LLC bought a new position in shares of Apple during the 1st quarter valued at $138,000. Finally, Macroview Investment Management LLC raised its holdings in shares of Apple by 220.3% during the 1st quarter. Macroview Investment Management LLC now owns 900 shares of the iPhone maker’s stock valued at $151,000 after purchasing an additional 619 shares in the last quarter. 58.58% of the stock is owned by hedge funds and other institutional investors.
NASDAQ AAPL opened at $216.02 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.24 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $1,109.54 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 1.99 and a beta of 1.36. Apple Inc. has a 52-week low of $150.24 and a 52-week high of $233.47.
In other Apple news, Director Arthur D. Levinson sold 20,000 shares of the firm’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $206.58, for a total value of $4,131,600.00. Following the sale, the director now directly owns 1,153,283 shares in the company, valued at approximately $238,245,202.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 265,160 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $217.79, for a total transaction of $57,749,196.40. The disclosure for this sale can be found here. Insiders sold a total of 564,185 shares of company stock worth $124,444,213 over the last 90 days. Company insiders own 0.06% of the company’s stock.
AAPL has been the topic of a number of recent research reports. Sanford C. Bernstein restated a “neutral” rating and set a $190.00 price target on shares of Apple in a report on Monday, June 25th. Barclays raised their price target on shares of Apple from $161.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, June 26th. Loop Capital raised their price target on shares of Apple from $195.00 to $210.00 and gave the company a “buy” rating in a report on Friday, July 6th. Royal Bank of Canada restated a “buy” rating and set a $210.00 price target on shares of Apple in a report on Monday, July 9th. Finally, Bank of America restated a “buy” rating and set a $230.00 price target (up previously from $225.00) on shares of Apple in a report on Tuesday, July 10th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. Apple presently has an average rating of “Buy” and a consensus price target of $222.50.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
Featured Story: Why do company’s buyback their stock?
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.