Bristol John W & Co. Inc. NY trimmed its position in Apple (NASDAQ:AAPL) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 292,257 shares of the iPhone maker’s stock after selling 16,235 shares during the period. Bristol John W & Co. Inc. NY’s holdings in Apple were worth $49,459,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Berkshire Hathaway Inc. increased its position in 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 buying an additional 834,854 shares during the last quarter. Capital Research Global Investors grew its position in shares of Apple by 15.0% in the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after purchasing an additional 3,845,363 shares during the last quarter. Legal & General Group Plc grew its position in shares of Apple by 1.1% in the third quarter. Legal & General Group Plc now owns 26,393,202 shares of the iPhone maker’s stock valued at $4,067,559,000 after purchasing an additional 287,027 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of Apple by 9.3% in the third quarter. Janus Henderson Group PLC now owns 21,854,159 shares of the iPhone maker’s stock valued at $3,367,571,000 after purchasing an additional 1,850,572 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of Apple by 0.4% in the third quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock valued at $2,966,581,000 after purchasing an additional 79,100 shares during the last quarter. Institutional investors own 61.36% of the company’s stock.
Shares of AAPL traded up $0.59 during trading hours on Friday, reaching $174.73. The stock had a trading volume of 25,124,255 shares, compared to its average volume of 31,898,140. Apple has a 12 month low of $140.45 and a 12 month high of $183.50. The stock has a market capitalization of $883,588.63, a price-to-earnings ratio of 18.97, a PEG ratio of 1.32 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, beating the Zacks’ consensus estimate of $3.82 by $0.07. The company had revenue of $88.29 billion during the quarter, compared to analysts’ expectations of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. Apple’s revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company earned $3.36 EPS. equities analysts forecast that Apple will post 11.37 EPS for the current year.
In related news, insider Philip W. Schiller sold 69,491 shares of the firm’s stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of $166.42, for a total transaction of $11,564,692.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Daniel J. Riccio sold 17,375 shares of the firm’s stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $169.12, for a total value of $2,938,460.00. Following the transaction, the senior vice president now directly owns 66,191 shares of the company’s stock, valued at $11,194,221.92. The disclosure for this sale can be found here. 0.08% of the stock is owned by company insiders.
AAPL has been the topic of several research reports. UBS set a $190.00 target price on Apple and gave the company a “buy” rating in a research report on Friday, January 5th. Rosenblatt Securities set a $180.00 target price on Apple and gave the company a “buy” rating in a research report on Tuesday, December 26th. Loop Capital reaffirmed a “buy” rating and issued a $200.00 target price on shares of Apple in a research report on Friday, December 22nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $199.00 target price on shares of Apple in a research report on Wednesday, December 20th. Finally, Zacks Investment Research raised Apple from a “hold” rating to a “buy” rating and set a $190.00 price target on the stock in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $203.21.
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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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