Thornburg Investment Management Inc. lessened its stake in Apple (NASDAQ:AAPL) by 10.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 444,810 shares of the iPhone maker’s stock after selling 54,058 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Apple were worth $68,554,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in AAPL. YHB Investment Advisors Inc. lifted its position in shares of Apple by 7.6% in the second quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock valued at $19,614,000 after acquiring an additional 9,663 shares in the last quarter. Jarislowsky Fraser Ltd increased its stake in Apple by 22.4% during the third quarter. Jarislowsky Fraser Ltd now owns 22,515 shares of the iPhone maker’s stock worth $3,470,000 after acquiring an additional 4,118 shares during the last quarter. Empirical Financial Services LLC grew its stake in shares of Apple by 23.9% in the second quarter. Empirical Financial Services LLC now owns 21,558 shares of the iPhone maker’s stock valued at $3,105,000 after buying an additional 4,154 shares in the last quarter. Carnick & Kubik Group LLC grew its stake in shares of Apple by 14.4% in the second quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock valued at $2,987,000 after buying an additional 2,612 shares in the last quarter. Finally, GenTrust LLC grew its stake in shares of Apple by 1,022.9% in the second quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock valued at $4,942,000 after buying an additional 31,259 shares in the last quarter. 61.41% of the stock is currently owned by institutional investors and hedge funds.
Shares of AAPL stock traded down $0.63 on Friday, hitting $178.02. The company’s stock had a trading volume of 36,836,456 shares, compared to its average volume of 31,716,630. Apple has a twelve month low of $138.62 and a twelve month high of $183.50. The firm has a market cap of $903,275.88, a P/E ratio of 18.30, a PEG ratio of 1.34 and a beta of 1.19. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.74.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.82 by $0.07. The firm had revenue of $88.29 billion during the quarter, compared to the consensus estimate of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the company earned $3.36 EPS. equities analysts expect that Apple will post 11.43 EPS for the current year.
A number of equities research analysts have recently issued reports on AAPL shares. BMO Capital Markets reiterated a “buy” rating and issued a $199.00 target price on shares of Apple in a research note on Wednesday, December 20th. Citigroup restated a “buy” rating and issued a $200.00 target price on shares of Apple in a research report on Wednesday, December 13th. KeyCorp reaffirmed a “buy” rating and set a $192.00 price objective on shares of Apple in a report on Thursday, December 7th. UBS set a $190.00 price objective on shares of Apple and gave the company a “buy” rating in a research note on Monday, December 4th. Finally, Vetr raised shares of Apple from a “hold” rating to a “buy” rating and set a $177.17 target price on the stock in a report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $201.53.
In related news, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the completion of the sale, the insider now directly owns 13,739 shares of the company’s stock, valued at approximately $2,401,302.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.08% of the stock is currently owned by company insiders.
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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