Fayerweather Charles Boosts Position in Apple Inc. (AAPL)

Fayerweather Charles boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,098 shares of the iPhone maker’s stock after acquiring an additional 880 shares during the period. Apple accounts for 3.7% of Fayerweather Charles’ portfolio, making the stock its 7th largest holding. Fayerweather Charles’ holdings in Apple were worth $2,749,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of AAPL. Canada Pension Plan Investment Board grew its stake in Apple by 23.2% during 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 acquiring an additional 1,749,797 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in Apple during the first quarter valued at $190,134,000. State of Wisconsin Investment Board grew its stake in Apple by 15.5% during the first quarter. State of Wisconsin Investment Board now owns 5,578,551 shares of the iPhone maker’s stock valued at $801,415,000 after acquiring an additional 749,158 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in Apple by 502.9% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 859,200 shares of the iPhone maker’s stock valued at $123,742,000 after acquiring an additional 716,683 shares in the last quarter. Finally, Achmea Investment Management B.V. purchased a new position in Apple during the first quarter valued at $84,453,000. 60.33% of the stock is owned by institutional investors.

A number of equities analysts have commented on AAPL shares. UBS AG reissued a “buy” rating and issued a $170.00 price objective on shares of Apple in a research note on Monday, July 31st. Wells Fargo & Company reissued a “market perform” rating and issued a $140.00 price objective on shares of Apple in a research note on Saturday, July 22nd. KeyCorp reissued an “equal weight” rating on shares of Apple in a research note on Friday, August 4th. Morgan Stanley lifted their price objective on shares of Apple from $177.00 to $182.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. Finally, Barclays PLC reissued a “hold” rating and issued a $146.00 price objective on shares of Apple in a research note on Monday, September 4th. Seven investment analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company’s stock. Apple currently has a consensus rating of “Buy” and a consensus target price of $190.67.

WARNING: This article was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/21/fayerweather-charles-boosts-position-in-apple-inc-aapl.html.

Shares of Apple Inc. (NASDAQ AAPL) traded up 0.17% during trading on Friday, hitting $156.25. The company’s stock had a trading volume of 23,974,146 shares. The firm’s 50 day moving average is $157.09 and its 200-day moving average is $152.10. Apple Inc. has a 1-year low of $104.08 and a 1-year high of $164.94. The company has a market capitalization of $807.07 billion, a P/E ratio of 17.74 and a beta of 1.27.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.10. Apple had a return on equity of 35.40% and a net margin of 20.87%. The company had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. During the same quarter last year, the firm earned $1.42 EPS. Apple’s revenue for the quarter was up 7.2% compared to the same quarter last year. Analysts forecast that Apple Inc. will post $9.01 EPS for the current fiscal year.

In other news, insider Johny Srouji sold 5,892 shares of Apple stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $161.00, for a total transaction of $948,612.00. Following the sale, the insider now owns 70,358 shares of the company’s stock, valued at approximately $11,327,638. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Kondo sold 6,209 shares of Apple stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $161.96, for a total value of $1,005,609.64. The disclosure for this sale can be found here. Insiders have sold a total of 541,177 shares of company stock worth $85,864,804 in the last three months. 0.08% of the stock is owned by insiders.

Apple Company Profile

Apple Inc (Apple) designs, manufactures and markets m

A number of other institutional investors and hedge funds also recently bought and sold shares of AAPL. Canada Pension Plan Investment Board grew its stake in Apple by 23.2% during 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 acquiring an additional 1,749,797 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in Apple during the first quarter valued at $190,134,000. State of Wisconsin Investment Board grew its stake in Apple by 15.5% during the first quarter. State of Wisconsin Investment Board now owns 5,578,551 shares of the iPhone maker’s stock valued at $801,415,000 after acquiring an additional 749,158 shares in the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in Apple by 502.9% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 859,200 shares of the iPhone maker’s stock valued at $123,742,000 after acquiring an additional 716,683 shares in the last quarter. Finally, Achmea Investment Management B.V. purchased a new position in Apple during the first quarter valued at $84,453,000. 60.33% of the stock is owned by institutional investors.

A number of equities analysts have commented on AAPL shares. UBS AG reissued a “buy” rating and issued a $170.00 price objective on shares of Apple in a research note on Monday, July 31st. Wells Fargo & Company reissued a “market perform” rating and issued a $140.00 price objective on shares of Apple in a research note on Saturday, July 22nd. KeyCorp reissued an “equal weight” rating on shares of Apple in a research note on Friday, August 4th. Morgan Stanley lifted their price objective on shares of Apple from $177.00 to $182.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. Finally, Barclays PLC reissued a “hold” rating and issued a $146.00 price objective on shares of Apple in a research note on Monday, September 4th. Seven investment analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company’s stock. Apple currently has a consensus rating of “Buy” and a consensus target price of $190.67.

WARNING: This article was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/21/fayerweather-charles-boosts-position-in-apple-inc-aapl.html.

Shares of Apple Inc. (NASDAQ AAPL) traded up 0.17% during trading on Friday, hitting $156.25. The company’s stock had a trading volume of 23,974,146 shares. The firm’s 50 day moving average is $157.09 and its 200-day moving average is $152.10. Apple Inc. has a 1-year low of $104.08 and a 1-year high of $164.94. The company has a market capitalization of $807.07 billion, a P/E ratio of 17.74 and a beta of 1.27.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.10. Apple had a return on equity of 35.40% and a net margin of 20.87%. The company had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. During the same quarter last year, the firm earned $1.42 EPS. Apple’s revenue for the quarter was up 7.2% compared to the same quarter last year. Analysts forecast that Apple Inc. will post $9.01 EPS for the current fiscal year.

In other news, insider Johny Srouji sold 5,892 shares of Apple stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $161.00, for a total transaction of $948,612.00. Following the sale, the insider now owns 70,358 shares of the company’s stock, valued at approximately $11,327,638. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Kondo sold 6,209 shares of Apple stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $161.96, for a total value of $1,005,609.64. The disclosure for this sale can be found here. Insiders have sold a total of 541,177 shares of company stock worth $85,864,804 in the last three months. 0.08% of the stock is owned by insiders.

Apple Company 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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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