Hemenway Trust Co LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,346 shares of the iPhone maker’s stock after purchasing an additional 1,357 shares during the period. Apple accounts for about 4.0% of Hemenway Trust Co LLC’s holdings, making the stock its largest holding. Hemenway Trust Co LLC’s holdings in Apple were worth $19,010,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Private Asset Management Inc. raised its position in shares of Apple by 3.1% in the 2nd quarter. Private Asset Management Inc. now owns 111,271 shares of the iPhone maker’s stock worth $16,025,000 after acquiring an additional 3,333 shares in the last quarter. Hefty Wealth Partners raised its position in shares of Apple by 27.6% in the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 174 shares in the last quarter. First PREMIER Bank raised its position in shares of Apple by 3.5% in the 2nd quarter. First PREMIER Bank now owns 18,481 shares of the iPhone maker’s stock worth $2,662,000 after acquiring an additional 626 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services raised its position in shares of Apple by 18.1% in the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 32,221 shares of the iPhone maker’s stock worth $4,640,000 after acquiring an additional 4,947 shares in the last quarter. Finally, Pioneer Trust Bank N A OR increased its position in Apple by 1.1% during the 2nd quarter. Pioneer Trust Bank N A OR now owns 54,959 shares of the iPhone maker’s stock valued at $7,915,000 after buying an additional 580 shares in the last quarter. 60.17% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently weighed in on AAPL. Nomura set a $175.00 price objective on Apple and gave the company a “neutral” rating in a research report on Tuesday, December 19th. Instinet lowered Apple from a “buy” rating to a “neutral” rating and set a $175.00 price objective for the company. in a research report on Tuesday, December 19th. Maxim Group raised their price objective on Apple from $193.00 to $204.00 and gave the company a “buy” rating in a research report on Friday. Loop Capital reaffirmed a “buy” rating and set a $200.00 price objective on shares of Apple in a research report on Friday, December 22nd. Finally, UBS Group set a $190.00 price objective on Apple and gave the company a “buy” rating in a research report on Monday, November 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. Apple has an average rating of “Buy” and an average price target of $198.94.
Apple Inc. (AAPL) opened at $177.09 on Friday. The stock has a market capitalization of $909,240.00, a price-to-earnings 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. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73.
Apple (NASDAQ:AAPL) last released its quarterly earnings results 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 firm had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the business posted $1.50 EPS. research analysts predict that Apple Inc. will post 11.18 earnings per share for the current year.
In related news, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction on Friday, January 5th. The stock was sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the transaction, the insider now directly owns 13,739 shares in the company, valued at $2,401,302.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Johny Srouji sold 5,760 shares of Apple stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total value of $1,004,544.00. Following the transaction, the senior vice president now owns 81,560 shares in the company, valued at $14,224,064. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,412 shares of company stock worth $22,115,155. Company 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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