Wealth Enhancement Advisory Services LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 66.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,840 shares of the iPhone maker’s stock after acquiring an additional 2,340 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Apple were worth $907,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. LaFleur & Godfrey LLC purchased a new position in Apple during the 1st quarter valued at approximately $28,234,000. Verity & Verity LLC lifted its stake in shares of Apple by 4.3% in the 1st quarter. Verity & Verity LLC now owns 59,562 shares of the iPhone maker’s stock valued at $8,557,000 after purchasing an additional 2,471 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Apple by 23.2% in the 1st 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 during the last quarter. Orca Investment Management LLC lifted its stake in shares of Apple by 78.2% in the 1st quarter. Orca Investment Management LLC now owns 25,033 shares of the iPhone maker’s stock valued at $3,596,000 after purchasing an additional 10,986 shares during the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI lifted its stake in shares of Apple by 2.8% during the 1st quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 75,432 shares of the iPhone maker’s stock worth $10,837,000 after acquiring an additional 2,065 shares during the last quarter. 60.17% of the stock is currently owned by institutional investors.
Shares of Apple Inc. (NASDAQ:AAPL) traded up $1.81 during trading on Friday, hitting $177.09. 25,418,080 shares of the stock were exchanged, compared to its average volume of 26,680,000. The firm has a market cap of $909,240.00, a price-to-earnings ratio of 19.27, a PEG ratio of 1.43 and a beta of 1.23. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. Apple Inc. has a 1-year low of $118.21 and a 1-year high of $177.36.
Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. The business had revenue of $52.58 billion for the quarter, compared to analyst estimates of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.50 EPS. equities analysts expect that Apple Inc. will post 11.18 EPS for the current year.
In other news, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total value of $2,695,726.35. Following the sale, the insider now owns 39,682 shares in the company, valued at approximately $6,839,192.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Johny Srouji sold 5,760 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the completion of the sale, the senior vice president now owns 81,560 shares in the company, valued at approximately $14,224,064. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,412 shares of company stock worth $22,115,155. Company insiders own 0.06% of the company’s stock.
AAPL has been the subject of a number of research analyst reports. Mizuho set a $160.00 price target on Apple and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Vetr lowered Apple from a “buy” rating to a “hold” rating and set a $178.34 target price for the company. in a research report on Friday, December 1st. UBS Group set a $190.00 target price on Apple and gave the company a “buy” rating in a research report on Friday, January 5th. Needham & Company LLC lifted their price target on Apple from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, Guggenheim reiterated a “buy” rating and issued a $200.00 price target on shares of Apple in a report on Monday, September 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. Apple currently has an average rating of “Buy” and a consensus target price of $198.94.
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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