Doyle Wealth Management cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,968 shares of the iPhone maker’s stock after selling 81 shares during the period. Doyle Wealth Management’s holdings in Apple were worth $3,020,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of AAPL. Norges Bank purchased a new stake in Apple during the fourth quarter worth about $5,625,709,000. Canada Pension Plan Investment Board increased its stake in Apple by 23.2% during the first quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock worth $1,334,527,000 after purchasing an additional 1,749,797 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new stake in Apple during the first quarter worth about $190,134,000. Numeric Investors LLC increased its stake in Apple by 99.0% during the fourth quarter. Numeric Investors LLC now owns 1,718,307 shares of the iPhone maker’s stock worth $199,014,000 after purchasing an additional 854,920 shares during the period. Finally, State of Wisconsin Investment Board increased its stake in Apple by 15.5% during the first quarter. State of Wisconsin Investment Board now owns 5,578,551 shares of the iPhone maker’s stock worth $801,415,000 after purchasing an additional 749,158 shares during the period. Institutional investors own 60.35% of the company’s stock.
A number of brokerages have issued reports on AAPL. Vetr upgraded shares of Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 price target on the stock in a research note on Friday. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $170.00 target price on shares of Apple in a research note on Wednesday, June 21st. Nomura restated a “buy” rating and set a $165.00 target price on shares of Apple in a research note on Wednesday, July 5th. Maxim Group upped their target price on shares of Apple from $171.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, June 19th. Finally, UBS AG restated a “buy” rating and set a $170.00 target price on shares of Apple in a research note on Wednesday, May 31st. Ten analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $188.37.
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Apple Inc. (AAPL) opened at 151.89 on Friday. Apple Inc. has a 52-week low of $104.08 and a 52-week high of $164.94. The company’s 50 day moving average price is $159.51 and its 200 day moving average price is $149.86. The firm has a market cap of $784.55 billion, a PE ratio of 17.24 and a beta of 1.27. Apple also was the target of unusually large options trading on Wednesday. Traders bought 174,155 put options on the company. This represents an increase of approximately 102% compared to the typical volume of 86,200 put options.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. Apple had a return on equity of 35.40% and a net margin of 20.87%. The business had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. During the same quarter last year, the company posted $1.42 earnings per share. Apple’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts predict that Apple Inc. will post $9.01 earnings per share for the current fiscal year.
In related news, CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $160.63, for a total transaction of $43,148,912.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Johny Srouji sold 10,469 shares of Apple stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $162.20, for a total value of $1,698,071.80. Following the transaction, the senior vice president now owns 76,250 shares of the company’s stock, valued at approximately $12,367,750. The disclosure for this sale can be found here. Insiders have sold 432,930 shares of company stock valued at $69,008,577 in the last quarter. 0.08% of the stock is currently owned by corporate 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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