Knott David M held its stake in shares of Apple Inc. (NASDAQ:AAPL) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,050 shares of the iPhone maker’s stock at the close of the 1st quarter. Apple comprises about 1.7% of Knott David M’s investment portfolio, making the stock its 7th biggest holding. Knott David M’s holdings in Apple were worth $3,598,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of AAPL. Norges Bank bought a new stake in shares of Apple during the 4th quarter valued at $5,625,709,000. Canada Pension Plan Investment Board raised its position in shares of Apple by 23.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock valued at $1,334,527,000 after acquiring an additional 1,749,797 shares during the last quarter. Numeric Investors LLC raised its position in shares of Apple by 99.0% during the 4th quarter. Numeric Investors LLC now owns 1,718,307 shares of the iPhone maker’s stock valued at $199,014,000 after acquiring an additional 854,920 shares during the last quarter. State of Wisconsin Investment Board raised its position in shares of Apple by 15.5% during the 1st quarter. State of Wisconsin Investment Board now owns 5,578,551 shares of the iPhone maker’s stock valued at $801,415,000 after acquiring an additional 749,158 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Apple by 17.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 3,410,059 shares of the iPhone maker’s stock valued at $394,955,000 after buying an additional 506,780 shares in the last quarter. Institutional investors own 60.35% of the company’s stock.
A number of analysts recently commented on the stock. Citigroup Inc. restated a “buy” rating and issued a $170.00 price objective on shares of Apple in a research report on Friday. Maxim Group restated a “buy” rating and issued a $182.00 price objective on shares of Apple in a research report on Friday. Piper Jaffray Companies restated a “buy” rating and issued a $196.00 price objective (up previously from $190.00) on shares of Apple in a research report on Friday. Vetr upgraded shares of Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 price objective for the company in a research report on Friday. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $150.00 price objective on shares of Apple in a research report on Thursday. Ten analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $188.37.
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Apple Inc. (NASDAQ AAPL) opened at 151.89 on Friday. The firm’s 50-day moving average is $159.51 and its 200-day moving average is $149.86. Apple Inc. has a 52-week low of $104.08 and a 52-week high of $164.94. The company has a market cap of $784.55 billion, a PE ratio of 17.24 and a beta of 1.27. Apple also saw some unusual options trading on Wednesday. Investors acquired 174,155 put options on the company. This represents an increase of approximately 102% compared to the typical daily volume of 86,200 put options.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, beating 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 company had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. During the same quarter last year, the firm posted $1.42 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts anticipate that Apple Inc. will post $9.01 EPS for the current year.
In other Apple news, CEO Timothy D. Cook sold 268,623 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $160.63, for a total value of $43,148,912.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel J. Riccio sold 11,949 shares of the firm’s stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $142.86, for a total value of $1,707,034.14. The disclosure for this sale can be found here. Insiders sold a total of 432,930 shares of company stock valued at $69,008,577 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.
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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