Rothschild Investment Corp IL reduced its position in Apple (NASDAQ:AAPL) by 2.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 196,032 shares of the iPhone maker’s stock after selling 4,965 shares during the period. Apple comprises 3.6% of Rothschild Investment Corp IL’s holdings, making the stock its largest position. Rothschild Investment Corp IL’s holdings in Apple were worth $33,175,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Jarislowsky Fraser Ltd increased its holdings in shares of 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 purchasing an additional 4,118 shares during the period. Ramsay Stattman Vela & Price Inc. increased its holdings in shares of Apple by 3.3% during the third quarter. Ramsay Stattman Vela & Price Inc. now owns 52,013 shares of the iPhone maker’s stock worth $8,016,000 after purchasing an additional 1,668 shares during the period. Mizuho Securities USA LLC bought a new position in shares of Apple during the third quarter worth approximately $2,359,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Apple by 1.7% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 1,234,364 shares of the iPhone maker’s stock worth $190,240,000 after purchasing an additional 20,689 shares during the period. Finally, Shelton Capital Management increased its holdings in shares of Apple by 2.3% during the third quarter. Shelton Capital Management now owns 437,397 shares of the iPhone maker’s stock worth $67,412,000 after purchasing an additional 9,758 shares during the period. Institutional investors and hedge funds own 61.35% of the company’s stock.
In other news, insider Philip W. Schiller sold 69,491 shares of the company’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $166.42, for a total transaction of $11,564,692.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Daniel J. Riccio sold 17,375 shares of the company’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $169.12, for a total transaction of $2,938,460.00. Following the transaction, the senior vice president now owns 66,191 shares in the company, valued at approximately $11,194,221.92. The disclosure for this sale can be found here. Insiders have sold 125,988 shares of company stock worth $21,336,201 in the last quarter. Company insiders own 0.08% of the company’s stock.
Several research analysts have recently commented on the stock. Nomura set a $175.00 target price on shares of Apple and gave the stock a “neutral” rating in a report on Tuesday, April 3rd. Vetr cut shares of Apple from a “strong-buy” rating to a “buy” rating and set a $186.86 target price on the stock. in a report on Monday, April 2nd. Royal Bank of Canada set a $203.00 target price on shares of Apple and gave the stock a “buy” rating in a report on Tuesday, April 3rd. BMO Capital Markets cut shares of Apple from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $162.00 to $166.00 in a report on Wednesday, January 31st. Finally, Morningstar set a $170.00 target price on shares of Apple and gave the stock a “neutral” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $203.21.
AAPL stock opened at $177.84 on Thursday. The firm has a market capitalization of $904,392.13, a P/E ratio of 19.31, a PEG ratio of 1.35 and a beta of 1.25. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. Apple has a 12-month low of $140.45 and a 12-month high of $183.50.
Apple (NASDAQ:AAPL) last released its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.82 by $0.07. Apple had a net margin of 21.13% and a return on equity of 37.37%. The business had revenue of $88.29 billion for the quarter, compared to analyst estimates of $87.62 billion. During the same quarter in the previous year, the business earned $3.36 earnings per share. Apple’s revenue for the quarter was up 12.7% on a year-over-year basis. equities analysts anticipate that Apple will post 11.37 earnings per share for the current fiscal year.
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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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