Atlantic Trust Group LLC grew its stake in shares of Apple (NASDAQ:AAPL) by 36.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,641,534 shares of the iPhone maker’s stock after purchasing an additional 968,385 shares during the period. Apple comprises about 2.6% of Atlantic Trust Group LLC’s holdings, making the stock its biggest holding. Atlantic Trust Group LLC owned 0.07% of Apple worth $561,233,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in AAPL. Stone House Investment Management LLC lifted its stake in Apple by 0.4% in the 2nd quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock worth $226,000 after acquiring an additional 6 shares in the last quarter. Jackson Grant Investment Advisers Inc. lifted its stake in Apple by 0.3% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock worth $782,000 after acquiring an additional 17 shares in the last quarter. Karp Capital Management Corp lifted its stake in Apple by 1.6% in the 2nd quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock worth $206,000 after acquiring an additional 22 shares in the last quarter. Berkeley Capital Partners LLC increased its position in Apple by 0.6% in the 2nd quarter. Berkeley Capital Partners LLC now owns 4,369 shares of the iPhone maker’s stock worth $629,000 after purchasing an additional 26 shares during the last quarter. Finally, Cutler Investment Counsel LLC increased its position in Apple by 1.0% in the 2nd quarter. Cutler Investment Counsel LLC now owns 3,968 shares of the iPhone maker’s stock worth $571,000 after purchasing an additional 38 shares during the last quarter. 61.41% of the stock is owned by institutional investors and hedge funds.
Apple stock opened at $178.02 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $903,275.88, a P/E ratio of 18.30, a P/E/G ratio of 1.34 and a beta of 1.19. Apple has a 52-week low of $138.62 and a 52-week high of $183.50.
Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.82 by $0.07. The business 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%. Apple’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $3.36 EPS. analysts forecast that Apple will post 11.43 earnings per share for the current fiscal year.
In related news, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 13,739 shares in the company, valued at approximately $2,401,302.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.08% of the stock is owned by company insiders.
Several research analysts have weighed in on AAPL shares. Citigroup reaffirmed a “buy” rating and issued a $200.00 target price on shares of Apple in a research report on Wednesday, December 13th. Bank of America lowered Apple from a “buy” rating to a “neutral” rating and upped their target price for the stock from $180.00 to $220.00 in a research report on Wednesday, January 17th. Cascend Securities upped their target price on Apple from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Nomura set a $185.00 target price on Apple and gave the stock a “buy” rating in a research report on Monday, November 27th. Finally, UBS set a $190.00 target price on Apple and gave the stock a “buy” rating in a research report on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Apple has an average rating of “Buy” and an average price target of $201.53.
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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