Eads & Heald Investment Counsel decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,067 shares of the iPhone maker’s stock after selling 592 shares during the period. Apple accounts for about 1.4% of Eads & Heald Investment Counsel’s holdings, making the stock its 10th biggest position. Eads & Heald Investment Counsel’s holdings in Apple were worth $2,322,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Vicus Capital grew its stake in Apple by 1.1% during the third quarter. Vicus Capital now owns 37,892 shares of the iPhone maker’s stock valued at $5,840,000 after acquiring an additional 419 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in Apple during the third quarter valued at approximately $80,193,000. Parkside Financial Bank & Trust grew its stake in Apple by 77.5% during the third quarter. Parkside Financial Bank & Trust now owns 33,150 shares of the iPhone maker’s stock valued at $5,110,000 after acquiring an additional 14,476 shares in the last quarter. Brouwer & Janachowski LLC lifted its position in Apple by 4.1% during the third quarter. Brouwer & Janachowski LLC now owns 8,161 shares of the iPhone maker’s stock valued at $1,258,000 after purchasing an additional 320 shares during the last quarter. Finally, Integrated Investment Consultants LLC lifted its position in Apple by 50.1% during the third quarter. Integrated Investment Consultants LLC now owns 13,277 shares of the iPhone maker’s stock valued at $2,046,000 after purchasing an additional 4,431 shares during the last quarter. Hedge funds and other institutional investors own 60.19% of the company’s stock.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the transaction, the insider now owns 13,739 shares in the company, valued at approximately $2,401,302.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction, 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. Insiders have sold a total of 128,412 shares of company stock worth $22,115,155 in the last 90 days. Company insiders own 0.06% of the company’s stock.
Apple Inc. (NASDAQ AAPL) opened at $177.09 on Tuesday. The stock has a market cap of $900,866.69, a PE ratio of 19.25, a P/E/G ratio of 1.45 and a beta of 1.21. Apple Inc. has a one year low of $118.22 and a one year high of $177.36. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23.
Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.20. The business had revenue of $52.58 billion for the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.50 EPS. analysts expect that Apple Inc. will post 11.18 earnings per share for the current year.
Several brokerages have issued reports on AAPL. Maxim Group lifted their target price on shares of Apple from $193.00 to $204.00 and gave the company a “buy” rating in a research report on Friday. Zacks Investment Research lowered shares of Apple from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. UBS Group set a $190.00 target price on shares of Apple and gave the company a “buy” rating in a research report on Friday, January 5th. Barclays set a $162.00 target price on shares of Apple and gave the company a “neutral” rating in a research report on Wednesday, January 3rd. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $200.00 target price on shares of Apple in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Apple has an average rating of “Buy” and a consensus target price of $198.94.
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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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