Douglas Lane & Associates LLC lowered its stake in Apple Inc. (NASDAQ:AAPL) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,796 shares of the iPhone maker’s stock after selling 832 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Apple were worth $10,295,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in AAPL. Janus Henderson Group PLC grew its position in shares of Apple by 301.3% in 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 purchasing an additional 15,018,790 shares during the last quarter. Harbour Capital Advisors LLC grew its position in shares of Apple by 14,030.2% in 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 purchasing an additional 4,483,360 shares during the last quarter. Capital Research Global Investors grew its position in shares of Apple by 15.0% in 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 purchasing an additional 3,845,363 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Apple by 200.3% in 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 purchasing an additional 3,178,809 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Apple by 25.3% in 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 purchasing an additional 2,138,928 shares during the last quarter. 60.17% of the stock is currently owned by institutional investors and hedge funds.
In other 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 transaction, the senior vice president now owns 81,560 shares of the company’s stock, valued at approximately $14,224,064. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eduardo H. Cue sold 65,361 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $171.60, for a total transaction of $11,215,947.60. The disclosure for this sale can be found here. Insiders have sold a total of 128,412 shares of company stock worth $22,115,155 in the last three months. Insiders own 0.08% of the company’s stock.
Several equities analysts have recently commented on the company. Zacks Investment Research downgraded Apple from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Bank of America reiterated a “buy” rating and issued a $180.00 price target on shares of Apple in a research note on Tuesday, September 26th. Rosenblatt Securities reiterated a “neutral” rating and issued a $150.00 price target on shares of Apple in a research note on Thursday, September 21st. UBS Group set a $190.00 price target on Apple and gave the company a “buy” rating in a research note on Friday, January 5th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $180.00 price target (up from $170.00) on shares of Apple in a research note on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $198.94.
Shares of Apple Inc. (AAPL) opened at $177.09 on Friday. The firm has a market capitalization of $909,240.00, a PE ratio of 19.27, 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 1-year low of $118.22 and a 1-year high of $177.36.
Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.20. The company had revenue of $52.58 billion for 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 business’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 EPS. sell-side analysts predict that Apple Inc. will post 11.18 earnings per share for the current 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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