Lannebo Fonder AB boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 178,740 shares of the iPhone maker’s stock after acquiring an additional 3,000 shares during the period. Apple makes up approximately 12.2% of Lannebo Fonder AB’s investment portfolio, making the stock its largest holding. Lannebo Fonder AB’s holdings in Apple were worth $40,349,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Gibraltar Capital Management Inc. raised its holdings in Apple by 0.4% during the third quarter. Gibraltar Capital Management Inc. now owns 59,517 shares of the iPhone maker’s stock worth $13,435,000 after acquiring an additional 235 shares in the last quarter. West Chester Capital Advisors Inc. increased its position in Apple by 1.5% during the third quarter. West Chester Capital Advisors Inc. now owns 15,824 shares of the iPhone maker’s stock worth $3,572,000 after buying an additional 236 shares during the last quarter. Ironwood Financial llc increased its position in Apple by 9.5% during the third quarter. Ironwood Financial llc now owns 2,775 shares of the iPhone maker’s stock worth $626,000 after buying an additional 241 shares during the last quarter. Capital Investment Services of America Inc. increased its position in Apple by 10.0% during the third quarter. Capital Investment Services of America Inc. now owns 2,703 shares of the iPhone maker’s stock worth $610,000 after buying an additional 245 shares during the last quarter. Finally, Anderson Hoagland & Co. increased its position in Apple by 1.3% during the third quarter. Anderson Hoagland & Co. now owns 19,900 shares of the iPhone maker’s stock worth $4,551,000 after buying an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 56.28% of the company’s stock.
NASDAQ:AAPL traded down $4.04 during trading hours on Friday, reaching $191.05. 41,314,308 shares of the company were exchanged, compared to its average volume of 31,851,504. The company has a market capitalization of $924.83 billion, a P/E ratio of 16.04, a P/E/G ratio of 1.93 and a beta of 1.13. Apple Inc. has a 1-year low of $142.00 and a 1-year high of $233.47. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.25.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, January 29th. The iPhone maker reported $4.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.17 by $0.01. The business had revenue of $84.31 billion for the quarter, compared to the consensus estimate of $84.07 billion. Apple had a return on equity of 50.92% and a net margin of 22.72%. On average, sell-side analysts anticipate that Apple Inc. will post 11.38 EPS for the current fiscal year.
In related news, Director Arthur D. Levinson sold 1,521 shares of the stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $167.71, for a total transaction of $255,086.91. Following the sale, the director now owns 1,134,804 shares of the company’s stock, valued at $190,317,978.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.05% of the company’s stock.
AAPL has been the topic of a number of recent analyst reports. UBS Group boosted their price target on Apple from $180.00 to $185.00 in a research report on Wednesday, January 30th. Loop Capital lowered their price target on Apple to $225.00 and set a “buy” rating on the stock in a research report on Monday, November 26th. JPMorgan Chase & Co. set a $266.00 price target on Apple and gave the stock a “buy” rating in a research report on Friday, November 30th. Canaccord Genuity lowered their price target on Apple from $250.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, November 29th. Finally, Citigroup decreased their target price on Apple from $240.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, December 10th. One research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Apple presently has a consensus rating of “Buy” and an average target price of $196.09.
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Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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