BARING ASSET MANAGEMENT Ltd cut its position in Apple Inc. (NASDAQ:AAPL) by 4.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,258 shares of the iPhone maker’s stock after selling 930 shares during the quarter. BARING ASSET MANAGEMENT Ltd’s holdings in Apple were worth $2,968,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the company. Berkshire Hathaway Inc. raised its holdings in shares of Apple by 0.6% during the second quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock worth $18,750,246,000 after purchasing an additional 834,854 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 worth $4,241,383,000 after purchasing an additional 3,845,363 shares during the period. Legal & General Group Plc raised its holdings in shares of Apple by 3.0% during the second quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock worth $3,759,849,000 after purchasing an additional 771,046 shares during the period. 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 worth $2,880,992,000 after purchasing an additional 15,018,790 shares during the period. Finally, Swiss National Bank raised its holdings in shares of Apple by 1.5% during the second quarter. Swiss National Bank now owns 19,169,416 shares of the iPhone maker’s stock worth $2,760,779,000 after purchasing an additional 275,400 shares during the period. Institutional investors and hedge funds own 60.17% of the company’s stock.
A number of analysts have weighed in on AAPL shares. Citigroup reissued a “buy” rating and set a $200.00 target price on shares of Apple in a report on Wednesday, December 13th. Drexel Hamilton reissued a “buy” rating and set a $208.00 target price on shares of Apple in a report on Tuesday, October 24th. Piper Jaffray Companies reissued a “buy” rating and set a $200.00 target price (up from $196.00) on shares of Apple in a report on Tuesday, October 31st. Vetr cut shares of Apple from a “buy” rating to a “hold” rating and set a $171.48 price objective on the stock. in a report on Monday, October 30th. Finally, Nomura set a $185.00 price objective on shares of Apple and gave the stock a “buy” rating in a report on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $198.94.
Shares of Apple Inc. (NASDAQ:AAPL) opened at $177.09 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. The stock has a market cap of $909,240.00, a P/E ratio of 19.27, a PEG ratio of 1.43 and a beta of 1.23. Apple Inc. has a 52-week low of $118.22 and a 52-week high of $177.36.
Apple (NASDAQ:AAPL) last posted its quarterly 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 analyst estimates of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.50 earnings per share. research analysts anticipate that Apple Inc. will post 11.18 EPS for the current fiscal year.
In related news, insider Johny Srouji sold 10,368 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $174.68, for a total transaction of $1,811,082.24. Following the transaction, the insider now owns 81,560 shares of the company’s stock, valued at $14,246,900.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Eduardo H. Cue sold 65,361 shares of the firm’s stock in a transaction that occurred on 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. In the last ninety days, insiders have sold 128,412 shares of company stock worth $22,115,155. Insiders own 0.06% of the company’s stock.
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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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