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.

COPYRIGHT VIOLATION WARNING: “Nikko Asset Management Americas Inc. Purchases 25,873 Shares of Apple Inc. (NASDAQ:AAPL)” was originally posted by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this news story on another website, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The legal version of this news story can be viewed at https://www.baseballdailydigest.com/news/2019/01/27/apple-inc-aapl-holdings-increased-by-nikko-asset-management-americas-inc.html.

About Apple

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.

Featured Article: Float

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)




Receive News & Ratings for Apple Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Apple and related companies with MarketBeat.com’s FREE daily email newsletter.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here