Nikko Asset Management Americas Inc. lifted its stake in Apple Inc. (NASDAQ:AAPL) by 4.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 649,566 shares of the iPhone maker’s stock after buying an additional 25,873 shares during the quarter. Apple makes up 4.1% of Nikko Asset Management Americas Inc.’s holdings, making the stock its 4th largest position. Nikko Asset Management Americas Inc.’s holdings in Apple were worth $148,731,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of AAPL. Delphi Private Advisors LLC acquired a new position in shares of Apple during the second quarter valued at approximately $120,000. CX Institutional acquired a new position in shares of Apple during the second quarter valued at approximately $135,000. Selective Wealth Management acquired a new position in shares of Apple during the third quarter valued at approximately $194,000. Lawson Kroeker Investment Management Inc. NE acquired a new position in shares of Apple during the third quarter valued at approximately $201,000. Finally, Boston Standard Wealth Management LLC acquired a new position in shares of Apple during the third quarter valued at approximately $204,000. Hedge funds and other institutional investors own 57.05% of the company’s stock.
Shares of NASDAQ AAPL opened at $157.76 on Friday. The stock has a market cap of $750.54 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 1.48 and a beta of 1.23. The company has a quick ratio of 1.09, a current ratio of 1.12 and a debt-to-equity ratio of 0.87. Apple Inc. has a 1 year low of $142.00 and a 1 year high of $233.47.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.13. The company had revenue of $62.90 billion during the quarter, compared to the consensus estimate of $61.55 billion. Apple had a return on equity of 48.68% and a net margin of 22.41%. Apple’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.07 EPS. On average, equities research analysts expect that Apple Inc. will post 11.88 EPS for the current fiscal year.
In other news, insider Chris Kondo sold 3,408 shares of Apple stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $190.00, for a total transaction of $647,520.00. Following the sale, the insider now owns 8,940 shares in the company, valued at $1,698,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is currently owned by insiders.
A number of equities analysts have commented on AAPL shares. 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. Rosenblatt Securities set a $200.00 price target on Apple and gave the company a “buy” rating in a report on Monday, October 22nd. Bank of America reaffirmed a “buy” rating on shares of Apple in a report on Tuesday, October 9th. UBS Group set a $250.00 price target on Apple and gave the company a “buy” rating in a report on Monday, October 8th. Finally, Citigroup increased their price target on Apple from $230.00 to $265.00 and gave the company a “buy” rating in a report on Monday, October 8th. Three research analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. Apple presently has a consensus rating of “Hold” and a consensus target price of $195.33.
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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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