Hengehold Capital Management LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,880 shares of the iPhone maker’s stock after selling 140 shares during the period. Hengehold Capital Management LLC’s holdings in Apple were worth $557,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Glacier Peak Capital LLC acquired a new position in shares of Apple during the fourth quarter worth $127,000. Portfolio Solutions LLC acquired a new position in shares of Apple during the first quarter worth $169,000. Welch Investments LLC acquired a new position in shares of Apple during the fourth quarter worth $146,000. Odey Holdings AG boosted its position in shares of Apple by 27.3% in the fourth quarter. Odey Holdings AG now owns 1,273 shares of the iPhone maker’s stock worth $147,000 after buying an additional 273 shares during the period. Finally, Fox Run Management L.L.C. acquired a new position in shares of Apple during the first quarter worth $201,000. Institutional investors and hedge funds own 61.21% of the company’s stock.
Shares of Apple Inc. (NASDAQ AAPL) opened at 149.56 on Tuesday. The stock’s 50 day moving average price is $150.30 and its 200 day moving average price is $137.42. Apple Inc. has a one year low of $96.42 and a one year high of $156.65. The firm has a market capitalization of $779.78 billion, a price-to-earnings ratio of 17.55 and a beta of 1.31.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.08. Apple had a return on equity of 35.09% and a net margin of 20.74%. The company had revenue of $52.90 billion during the quarter, compared to the consensus estimate of $52.61 billion. Analysts expect that Apple Inc. will post $8.92 EPS for the current fiscal year.
Apple declared that its board has initiated a share buyback program on Tuesday, May 2nd that permits the company to buyback $50.00 billion in shares. This buyback authorization permits the iPhone maker to repurchase up to 6.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.
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A number of research analysts recently weighed in on AAPL shares. Cowen and Company lifted their price objective on shares of Apple from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, March 20th. Piper Jaffray Companies restated an “overweight” rating and issued a $155.00 price objective on shares of Apple in a report on Monday, March 20th. Sanford C. Bernstein lifted their price objective on shares of Apple from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, March 21st. J P Morgan Chase & Co restated an “overweight” rating and issued a $142.00 price objective on shares of Apple in a report on Tuesday, March 21st. Finally, Goldman Sachs Group, Inc. (The) set a $150.00 price objective on shares of Apple and gave the company a “buy” rating in a report on Wednesday, March 22nd. Eleven equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and two have assigned a strong buy rating to the company. Apple has an average rating of “Buy” and an average price target of $160.40.
In related news, SVP D Bruce Sewell sold 67,500 shares of the stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $148.76, for a total transaction of $10,041,300.00. Following the completion of the transaction, the senior vice president now directly owns 141,325 shares in the company, valued at $21,023,507. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Luca Maestri sold 6,308 shares of the stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $141.83, for a total value of $894,663.64. Following the transaction, the insider now owns 2,665 shares of the company’s stock, valued at $377,976.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 379,308 shares of company stock valued at $57,391,709. 0.08% of the stock is owned by corporate insiders.
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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