Nisa Investment Advisors LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 4.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,821,490 shares of the iPhone maker’s stock after buying an additional 81,548 shares during the quarter. Apple comprises about 3.7% of Nisa Investment Advisors LLC’s portfolio, making the stock its largest position. Nisa Investment Advisors LLC’s holdings in Apple were worth $411,141,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Delphi Private Advisors LLC bought a new stake in Apple during the 2nd quarter worth approximately $120,000. CX Institutional bought a new stake in Apple during the 2nd quarter worth approximately $135,000. Selective Wealth Management bought a new stake in Apple during the 3rd quarter worth approximately $194,000. Lawson Kroeker Investment Management Inc. NE bought a new stake in Apple during the 3rd quarter worth approximately $201,000. Finally, Boston Standard Wealth Management LLC bought a new stake in Apple during the 3rd quarter worth approximately $204,000. 57.05% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on the stock. Morgan Stanley reissued a “buy” rating and set a $247.00 target price on shares of Apple in a report on Wednesday, September 26th. JPMorgan Chase & Co. reissued a “buy” rating and set a $272.00 target price on shares of Apple in a report on Wednesday, October 10th. BidaskClub downgraded shares of Apple from a “hold” rating to a “sell” rating in a research report on Wednesday, November 28th. HSBC downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $181.37 price target on the stock. in a research report on Sunday, December 9th. Finally, Needham & Company LLC dropped their price target on shares of Apple from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, January 3rd. Three research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and twenty-two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $195.74.
AAPL stock traded up $0.96 during midday trading on Monday, reaching $156.82. 33,751,023 shares of the company’s stock traded hands, compared to its average volume of 38,600,972. The firm has a market capitalization of $770.79 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 1.49 and a beta of 1.23. The company has a current ratio of 1.12, a quick ratio of 1.09 and a debt-to-equity ratio of 0.87. Apple Inc. has a 52 week low of $142.00 and a 52 week high of $233.47.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, November 1st. The iPhone maker reported $2.91 EPS for the quarter, beating the Zacks’ consensus estimate of $2.78 by $0.13. Apple had a net margin of 22.41% and a return on equity of 48.68%. The business had revenue of $62.90 billion during the quarter, compared to analyst estimates of $61.55 billion. During the same quarter in the previous year, the business posted $2.07 EPS. Apple’s quarterly revenue was up 19.6% on a year-over-year basis. On average, equities analysts predict that Apple Inc. will post 12.1 earnings per share for the current fiscal year.
In other news, insider Chris Kondo sold 3,408 shares of the company’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $190.00, for a total value of $647,520.00. Following the completion of the sale, the insider now owns 8,940 shares in the company, valued at approximately $1,698,600. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.05% of the company’s stock.
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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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