Raub Brock Capital Management LP maintained its stake in shares of Apple Inc. (NASDAQ:AAPL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,792 shares of the iPhone maker’s stock at the end of the 2nd quarter. Raub Brock Capital Management LP’s holdings in Apple were worth $258,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in AAPL. Saratoga Research & Investment Management increased its holdings in Apple by 0.6% during the 1st quarter. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker’s stock valued at $95,840,000 after acquiring an additional 4,137 shares in the last quarter. Pinnacle Bank purchased a new position in Apple during the 1st quarter valued at about $1,924,000. Green Square Capital LLC increased its holdings in Apple by 6.7% during the 1st quarter. Green Square Capital LLC now owns 87,456 shares of the iPhone maker’s stock valued at $12,564,000 after acquiring an additional 5,491 shares in the last quarter. Headinvest LLC increased its holdings in Apple by 2.5% during the 2nd quarter. Headinvest LLC now owns 16,295 shares of the iPhone maker’s stock valued at $2,347,000 after acquiring an additional 390 shares in the last quarter. Finally, Nicolet Bankshares Inc. increased its holdings in Apple by 3.1% during the 1st quarter. Nicolet Bankshares Inc. now owns 27,684 shares of the iPhone maker’s stock valued at $3,977,000 after acquiring an additional 844 shares in the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.
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Shares of Apple Inc. (NASDAQ:AAPL) traded down 0.06% during mid-day trading on Friday, reaching $155.30. The company had a trading volume of 18,562,728 shares. Apple Inc. has a 52-week low of $104.08 and a 52-week high of $164.94. The firm’s 50-day moving average price is $158.00 and its 200 day moving average price is $151.02. The company has a market cap of $135.15 billion, a price-to-earnings ratio of 17.59 and a beta of 1.27.
Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. The business had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.42 EPS. Equities analysts expect that Apple Inc. will post $9.01 EPS for the current year.
In other news, insider Angela J. Ahrendts sold 63,388 shares of the stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $154.21, for a total value of $9,775,063.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Johny Srouji sold 5,892 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $161.00, for a total value of $948,612.00. Following the completion of the sale, the insider now directly owns 70,358 shares of the company’s stock, valued at approximately $11,327,638. The disclosure for this sale can be found here. In the last three months, insiders sold 541,177 shares of company stock valued at $85,864,804. Insiders own 0.08% of the company’s stock.
Several research firms have weighed in on AAPL. UBS AG set a $170.00 target price on shares of Apple and gave the company a “buy” rating in a report on Monday, June 12th. Royal Bank Of Canada restated an “outperform” rating and set a $160.08 target price (down from $176.00) on shares of Apple in a report on Wednesday, August 9th. Bank of America Corporation restated a “buy” rating and set a $180.00 target price on shares of Apple in a report on Tuesday, September 26th. Longbow Research restated a “buy” rating and set a $173.00 target price on shares of Apple in a report on Friday, August 11th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $150.00 target price on shares of Apple in a report on Thursday, September 21st. Nine research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. Apple has a consensus rating of “Buy” and a consensus target price of $189.61.
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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