Jaffetilchin Investment Partners LLC lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 2.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,345 shares of the iPhone maker’s stock after purchasing an additional 848 shares during the period. Apple comprises 1.6% of Jaffetilchin Investment Partners LLC’s holdings, making the stock its 14th biggest holding. Jaffetilchin Investment Partners LLC’s holdings in Apple were worth $6,227,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Apple in the 4th quarter worth approximately $5,625,709,000. Fisher Asset Management LLC increased its position in shares of Apple by 1.2% in the first quarter. Fisher Asset Management LLC now owns 11,638,395 shares of the iPhone maker’s stock worth $1,671,972,000 after acquiring an additional 140,368 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Apple by 23.2% in the first quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock worth $1,334,527,000 after acquiring an additional 1,749,797 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Apple by 2.5% in the fourth quarter. AQR Capital Management LLC now owns 6,605,140 shares of the iPhone maker’s stock worth $765,008,000 after acquiring an additional 161,560 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its position in shares of Apple by 1.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 5,174,924 shares of the iPhone maker’s stock worth $743,409,000 after acquiring an additional 66,038 shares in the last quarter. 60.45% of the stock is currently owned by institutional investors.
Several research analysts have recently weighed in on AAPL shares. Royal Bank Of Canada lifted their target price on shares of Apple from $157.00 to $168.00 and gave the stock an “outperform” rating in a research report on Monday, May 22nd. Morgan Stanley lifted their target price on shares of Apple from $177.00 to $182.00 and gave the stock an “overweight” rating in a research report on Monday, July 17th. Needham & Company LLC reissued a “buy” rating and issued a $175.00 target price (up from $165.00) on shares of Apple in a research report on Wednesday, August 2nd. They noted that the move was a valuation call. Cleveland Research raised shares of Apple from a “neutral” rating to a “buy” rating and set a $197.00 price objective on the stock in a research report on Tuesday, August 29th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $180.00 price objective (up from $175.00) on shares of Apple in a research report on Wednesday, August 2nd. Eleven analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Apple currently has an average rating of “Buy” and a consensus price target of $187.63.
Apple Inc. (AAPL) opened at 159.88 on Friday. The firm has a market capitalization of $825.82 billion, a price-to-earnings ratio of 18.15 and a beta of 1.27. Apple Inc. has a 1-year low of $104.08 and a 1-year high of $164.94. The company has a 50 day moving average price of $158.97 and a 200-day moving average price of $149.42.
Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.10. The company had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.42 EPS. On average, analysts forecast that Apple Inc. will post $9.01 EPS for the current fiscal year.
In other Apple news, CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction on Monday, August 28th. The stock was sold at an average price of $160.63, for a total transaction of $43,148,912.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Johny Srouji sold 5,892 shares of Apple stock in a transaction on Monday, August 28th. The shares were sold at an average price of $161.00, for a total value of $948,612.00. Following the transaction, the insider now owns 70,358 shares of the company’s stock, valued at approximately $11,327,638. The disclosure for this sale can be found here. Insiders have sold 432,930 shares of company stock valued at $69,008,577 in the last quarter. 0.08% of the stock is owned by company insiders.
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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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