Tanaka Capital Management Inc. grew its holdings in Apple (NASDAQ:AAPL) by 9.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,925 shares of the iPhone maker’s stock after acquiring an additional 1,933 shares during the quarter. Apple accounts for 7.9% of Tanaka Capital Management Inc.’s portfolio, making the stock its 3rd largest holding. Tanaka Capital Management Inc.’s holdings in Apple were worth $3,533,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of AAPL. Berkshire Hathaway Inc. raised its position in shares of Apple by 0.6% during the second quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock worth $18,750,246,000 after purchasing an additional 834,854 shares during the period. Capital Research Global Investors raised its position in Apple by 15.0% in the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after buying an additional 3,845,363 shares during the last quarter. Legal & General Group Plc raised its position in Apple by 1.1% in the 3rd quarter. Legal & General Group Plc now owns 26,393,202 shares of the iPhone maker’s stock valued at $4,067,559,000 after buying an additional 287,027 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Apple by 9.3% during the 3rd quarter. Janus Henderson Group PLC now owns 21,854,159 shares of the iPhone maker’s stock worth $3,367,571,000 after purchasing an additional 1,850,572 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Apple by 0.4% during the 3rd quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock worth $2,966,581,000 after purchasing an additional 79,100 shares during the last quarter. 61.33% of the stock is owned by institutional investors.
Apple stock traded down $0.47 during mid-day trading on Thursday, hitting $170.80. 21,775,959 shares of the stock were exchanged, compared to its average volume of 36,959,160. The stock has a market capitalization of $889,170.13, a PE ratio of 17.55, a P/E/G ratio of 1.32 and a beta of 1.19. Apple has a twelve month low of $138.62 and a twelve month high of $183.50. 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 posted its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.82 by $0.07. The firm had revenue of $88.29 billion for the quarter, compared to analyst estimates of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. Apple’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.36 earnings per share. equities research analysts expect that Apple will post 11.43 earnings per share for the current year.
Several brokerages have recently commented on AAPL. Zacks Investment Research downgraded Apple from a “buy” rating to a “hold” rating in a research note on Friday, January 19th. Mizuho reaffirmed a “neutral” rating and issued a $175.00 target price (up previously from $160.00) on shares of Apple in a report on Friday, January 19th. Barclays set a $174.00 price target on Apple and gave the company a “neutral” rating in a research report on Thursday, January 18th. Vetr lowered Apple from a “buy” rating to a “hold” rating and set a $184.49 target price on the stock. in a research report on Tuesday, February 27th. Finally, Bank of America downgraded Apple from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $180.00 to $220.00 in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Apple has a consensus rating of “Buy” and an average target price of $201.53.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $174.78, for a total value of $2,733,733.98. Following the transaction, the insider now directly 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 accessible through the SEC website. Insiders own 0.06% of the company’s stock.
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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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