Cooper Financial Group boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 24.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,216 shares of the iPhone maker’s stock after purchasing an additional 6,357 shares during the period. Apple comprises 3.4% of Cooper Financial Group’s portfolio, making the stock its 7th largest holding. Cooper Financial Group’s holdings in Apple were worth $8,192,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of AAPL. Orser Capital Management LLC increased its holdings in Apple by 7.2% during the fourth quarter. Orser Capital Management LLC now owns 12,323 shares of the iPhone maker’s stock valued at $3,592,000 after buying an additional 826 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Apple by 22.9% during the fourth quarter. Quadrant Capital Group LLC now owns 55,530 shares of the iPhone maker’s stock valued at $16,262,000 after buying an additional 10,344 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd increased its holdings in Apple by 3.1% during the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,146,845 shares of the iPhone maker’s stock valued at $336,771,000 after buying an additional 34,417 shares during the last quarter. Legacy Wealth Partners Inc. purchased a new stake in Apple during the fourth quarter valued at approximately $5,458,000. Finally, Epiq Partners LLC purchased a new stake in Apple during the fourth quarter valued at approximately $1,809,000. Institutional investors own 62.04% of the company’s stock.

Apple stock opened at $361.78 on Tuesday. The firm has a 50-day moving average price of $331.04 and a 200-day moving average price of $299.26. The firm has a market capitalization of $1,532.75 billion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 2.61 and a beta of 1.18. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 1.14. Apple Inc. has a 12-month low of $192.58 and a 12-month high of $372.38.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, April 30th. The iPhone maker reported $2.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.29. Apple had a net margin of 21.35% and a return on equity of 64.49%. The firm had revenue of $58.31 billion during the quarter, compared to analyst estimates of $54.64 billion. During the same quarter last year, the business earned $2.46 EPS. The business’s revenue was up .5% on a year-over-year basis. As a group, sell-side analysts predict that Apple Inc. will post 12.32 earnings per share for the current fiscal year.

A number of analysts have commented on the stock. BidaskClub raised shares of Apple from a “buy” rating to a “strong-buy” rating in a report on Friday, June 19th. Credit Suisse Group set a $295.00 price objective on shares of Apple and gave the stock a “neutral” rating in a research note on Tuesday, June 23rd. Wells Fargo & Co increased their price objective on shares of Apple from $315.00 to $385.00 and gave the stock an “overweight” rating in a research note on Thursday, June 11th. Cowen increased their price objective on shares of Apple from $335.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, June 22nd. Finally, Raymond James increased their price objective on shares of Apple from $305.00 to $340.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $326.64.

In related news, SVP Deirdre O’brien sold 9,137 shares of Apple stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $285.12, for a total transaction of $2,605,141.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris Kondo sold 4,491 shares of Apple stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $305.62, for a total transaction of $1,372,539.42. Following the sale, the insider now owns 7,370 shares of the company’s stock, valued at approximately $2,252,419.40. The disclosure for this sale can be found here. Insiders have sold a total of 95,752 shares of company stock valued at $24,750,125 in the last quarter. 0.05% of the stock is currently owned by company insiders.

Apple Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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