Benjamin F. Edwards & Company Inc. trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 8.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,343 shares of the iPhone maker’s stock after selling 6,014 shares during the period. Apple accounts for approximately 1.2% of Benjamin F. Edwards & Company Inc.’s holdings, making the stock its 18th biggest position. Benjamin F. Edwards & Company Inc.’s holdings in Apple were worth $10,225,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Janus Henderson Group PLC raised its holdings in shares of Apple by 301.3% during the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after acquiring an additional 15,018,790 shares during the period. Harbour Capital Advisors LLC raised its holdings in shares of Apple by 14,030.2% during the second quarter. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker’s stock valued at $31,352,000 after acquiring an additional 4,483,360 shares during the period. Capital Research Global Investors raised its holdings in shares of Apple by 15.0% during the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after acquiring an additional 3,845,363 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Apple by 200.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,765,574 shares of the iPhone maker’s stock valued at $686,338,000 after acquiring an additional 3,178,809 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Apple by 25.3% during the second quarter. Principal Financial Group Inc. now owns 10,582,632 shares of the iPhone maker’s stock valued at $1,524,110,000 after acquiring an additional 2,138,928 shares during the period. 60.17% of the stock is owned by hedge funds and other institutional investors.
Several research firms have weighed in on AAPL. Maxim Group upped their price objective on shares of Apple from $193.00 to $204.00 and gave the company a “buy” rating in a research note on Friday. Zacks Investment Research downgraded shares of Apple from a “buy” rating to a “hold” rating in a research report on Monday. UBS Group set a $190.00 target price on shares of Apple and gave the stock a “buy” rating in a research report on Friday, January 5th. Barclays set a $162.00 target price on shares of Apple and gave the stock a “neutral” rating in a research report on Wednesday, January 3rd. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $200.00 target price on shares of Apple in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $198.94.
Shares of Apple Inc. (AAPL) traded up $1.08 during mid-day trading on Friday, hitting $176.36. 4,559,731 shares of the stock were exchanged, compared to its average volume of 23,242,664. The firm has a market cap of $903,900.00, a PE ratio of 19.19, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. Apple Inc. has a 52 week low of $118.21 and a 52 week high of $177.20.
Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.20. The business had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the company posted $1.50 EPS. research analysts forecast that Apple Inc. will post 11.18 EPS for the current year.
In other Apple news, SVP Johny Srouji sold 5,760 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the sale, the senior vice president now owns 81,560 shares of the company’s stock, valued at approximately $14,224,064. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $172.35, for a total transaction of $2,695,726.35. Following the sale, the insider now directly owns 39,682 shares in the company, valued at approximately $6,839,192.70. The disclosure for this sale can be found here. Insiders have sold a total of 128,412 shares of company stock valued at $22,115,155 in the last quarter. 0.06% of the stock is currently owned by corporate insiders.
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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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