Rathbone Brothers plc trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 396,321 shares of the iPhone maker’s stock after selling 4,474 shares during the quarter. Apple makes up approximately 2.7% of Rathbone Brothers plc’s holdings, making the stock its 6th largest position. Rathbone Brothers plc’s holdings in Apple were worth $61,081,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of AAPL. Blue Sky Asset Management LLC bought a new stake in shares of Apple in the 2nd quarter worth approximately $108,000. Hefty Wealth Partners boosted 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 purchasing an additional 174 shares in the last quarter. FNY Managed Accounts LLC boosted its position in shares of Apple by 852.4% in the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 716 shares in the last quarter. Private Vista LLC bought a new stake in shares of Apple in the 2nd quarter worth approximately $122,000. Finally, Armbruster Capital Management Inc. boosted its position in shares of Apple by 9.4% in the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after purchasing an additional 78 shares in the last quarter. 60.17% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on AAPL shares. Zacks Investment Research cut Apple from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Bank of America reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Apple in a research report on Tuesday, September 26th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $150.00 price objective on shares of Apple in a research report on Thursday, September 21st. UBS Group set a $190.00 price objective on Apple and gave the company a “buy” rating in a research report on Friday, January 5th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $180.00 price objective (up from $170.00) on shares of Apple in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, forty have given a buy rating and one has given 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. (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 company 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 12 month low of $118.22 and a 12 month high of $177.36.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, topping the consensus estimate of $1.87 by $0.20. The firm had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. Apple’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.50 EPS. research analysts anticipate that Apple Inc. will post 11.18 earnings per share for the current fiscal year.
In other news, insider Eduardo H. Cue sold 65,361 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total value of $11,215,947.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction on 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 completion of the transaction, the insider now directly owns 39,682 shares of the company’s stock, valued at approximately $6,839,192.70. The disclosure for this sale can be found here. Insiders sold a total of 128,412 shares of company stock valued at $22,115,155 over the last 90 days. 0.08% of the stock is currently owned by company insiders.
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Apple Company Profile
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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