ARGI Investment Services LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,061 shares of the iPhone maker’s stock after buying an additional 1,030 shares during the quarter. ARGI Investment Services LLC’s holdings in Apple were worth $6,373,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AAPL. Orser Capital Management LLC raised its stake in shares of Apple by 7.2% during the 4th quarter. Orser Capital Management LLC now owns 12,323 shares of the iPhone maker’s stock worth $3,592,000 after buying an additional 826 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Apple by 22.9% during the 4th quarter. Quadrant Capital Group LLC now owns 55,530 shares of the iPhone maker’s stock worth $16,262,000 after buying an additional 10,344 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd raised its stake in shares of Apple by 3.1% during the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,146,845 shares of the iPhone maker’s stock worth $336,771,000 after buying an additional 34,417 shares during the last quarter. Legacy Wealth Partners Inc. acquired a new position in shares of Apple during the 4th quarter worth $5,458,000. Finally, Epiq Partners LLC acquired a new position in shares of Apple during the 4th quarter worth $1,809,000. 62.04% of the stock is owned by institutional investors and hedge funds.

In other Apple news, insider Chris Kondo sold 4,491 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $305.62, for a total value of $1,372,539.42. Following the transaction, the insider now directly owns 7,370 shares of the company’s stock, valued at approximately $2,252,419.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 41,062 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $241.44, for a total value of $9,914,009.28. The disclosure for this sale can be found here. Insiders have sold a total of 95,752 shares of company stock worth $24,750,125 over the last three months. 0.05% of the stock is currently owned by corporate insiders.

AAPL has been the subject of several research reports. Jefferies Financial Group lifted their price target on Apple from $370.00 to $405.00 and gave the stock a “buy” rating in a research note on Friday, June 19th. UBS Group boosted their target price on shares of Apple from $325.00 to $400.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Nomura Securities boosted their target price on shares of Apple from $225.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, April 9th. Daiwa Capital Markets boosted their target price on shares of Apple from $297.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Finally, Robert W. Baird boosted their target price on shares of Apple from $320.00 to $390.00 and gave the company an “outperform” rating in a research note on Tuesday, June 23rd. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $326.64.

Apple stock opened at $361.78 on Tuesday. The stock’s 50 day moving average price is $331.04 and its 200 day moving average price is $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 debt-to-equity ratio of 1.14, a quick ratio of 1.46 and a current ratio of 1.50. Apple Inc. has a one year low of $192.58 and a one year high of $372.38.

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

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.

Further Reading: Call Option Volume

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).

Institutional Ownership by Quarter for Apple (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.