Apple Inc. (AAPL) Position Lifted by Gilbert & Cook Inc.

Gilbert & Cook Inc. boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 58.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,291 shares of the iPhone maker’s stock after buying an additional 3,776 shares during the period. Apple makes up about 0.5% of Gilbert & Cook Inc.’s holdings, making the stock its 27th biggest position. Gilbert & Cook Inc.’s holdings in Apple were worth $1,482,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its stake in Apple by 2.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 17,637,648 shares of the iPhone maker’s stock valued at $2,533,825,000 after purchasing an additional 471,057 shares in the last quarter. Fisher Asset Management LLC grew its stake in Apple by 1.2% in the first quarter. Fisher Asset Management LLC now owns 11,638,395 shares of the iPhone maker’s stock valued at $1,671,972,000 after purchasing an additional 140,368 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in 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 valued at $1,334,527,000 after purchasing an additional 1,749,797 shares in the last quarter. Sanders Capital LLC grew its stake in Apple by 1.2% in the first quarter. Sanders Capital LLC now owns 8,007,685 shares of the iPhone maker’s stock valued at $1,177,522,000 after purchasing an additional 91,860 shares in the last quarter. Finally, Clearbridge Investments LLC grew its stake in Apple by 1.2% in the first quarter. Clearbridge Investments LLC now owns 6,815,812 shares of the iPhone maker’s stock valued at $979,160,000 after purchasing an additional 82,453 shares in the last quarter. 60.35% of the stock is currently owned by hedge funds and other institutional investors.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. The company had revenue of $45.41 billion for the quarter, compared to analysts’ expectations of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.42 EPS.

A number of research analysts have commented on the company. UBS AG restated a “buy” rating and issued a $170.00 target price on shares of Apple in a research note on Wednesday, May 31st. Royal Bank Of Canada restated an “outperform” rating and issued a $160.08 target price (down previously from $176.00) on shares of Apple in a research note on Wednesday, August 9th. Rosenblatt Securities restated a “neutral” rating and issued a $150.00 target price on shares of Apple in a research note on Thursday. Mizuho restated a “hold” rating and issued a $150.00 target price on shares of Apple in a research note on Monday, September 18th. Finally, Nomura set a $185.00 target price on Apple and gave the company a “buy” rating in a research note on Monday. Ten research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $188.59.

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In other Apple news, SVP Johny Srouji sold 10,469 shares of the business’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $162.20, for a total value of $1,698,071.80. Following the transaction, the senior vice president now owns 76,250 shares in the company, valued at $12,367,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel J. Riccio sold 11,949 shares of the business’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $142.86, for a total transaction of $1,707,034.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 432,930 shares of company stock worth $69,008,577. 0.08% of the stock is owned by corporate insiders.

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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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