Cottage Street Advisors LLC Buys 172 Shares of Apple Inc. (AAPL)

Cottage Street Advisors LLC increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,941 shares of the iPhone maker’s stock after buying an additional 172 shares during the period. Apple comprises about 3.9% of Cottage Street Advisors LLC’s holdings, making the stock its 3rd biggest position. Cottage Street Advisors LLC’s holdings in Apple were worth $5,752,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Stonehearth Capital Management LLC increased its stake in shares of Apple by 0.8% in the first quarter. Stonehearth Capital Management LLC now owns 2,378 shares of the iPhone maker’s stock worth $342,000 after purchasing an additional 20 shares in the last quarter. Lenox Wealth Advisors Inc. increased its stake in shares of Apple by 0.4% in the second quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock worth $716,000 after purchasing an additional 20 shares in the last quarter. Sippican Capital Advisors increased its stake in shares of Apple by 0.5% in the first quarter. Sippican Capital Advisors now owns 4,912 shares of the iPhone maker’s stock worth $706,000 after purchasing an additional 26 shares in the last quarter. Cordasco Financial Network increased its stake in shares of Apple by 1.0% in the first quarter. Cordasco Financial Network now owns 3,184 shares of the iPhone maker’s stock worth $457,000 after purchasing an additional 31 shares in the last quarter. Finally, Lbmc Investment Advisors LLC increased its stake in shares of Apple by 1.1% in the first quarter. Lbmc Investment Advisors LLC now owns 5,386 shares of the iPhone maker’s stock worth $774,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 60.36% of the company’s stock.

Several research firms have recently weighed in on AAPL. Vetr upgraded shares of Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 target price for the company in a research note on Friday, September 22nd. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $170.00 target price on shares of Apple in a research note on Wednesday, June 21st. Nomura reiterated a “buy” rating and issued a $165.00 target price on shares of Apple in a research note on Wednesday, July 5th. Maxim Group lifted their target price on shares of Apple from $171.00 to $180.00 and gave the stock a “buy” rating in a research note on Monday, June 19th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $180.00 target price on shares of Apple in a research note on Tuesday, September 26th. Nine analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $189.61.

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 17,407,558 shares. The company has a market capitalization of $802.16 billion, a PE ratio of 17.63 and a beta of 1.27. Apple Inc. has a 1-year low of $104.08 and a 1-year high of $164.94. The stock’s 50-day moving average price is $158.00 and its 200 day moving average price is $151.02.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.10. The company had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 earnings per share. Equities analysts expect that Apple Inc. will post $9.01 EPS for the current year.

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In other news, SVP Johny Srouji sold 10,469 shares of the company’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $162.20, for a total value of $1,698,071.80. Following the transaction, the senior vice president now owns 76,250 shares of the company’s stock, valued at approximately $12,367,750. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP D Bruce Sewell sold 31,625 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $158.13, for a total value of $5,000,861.25. Following the completion of the transaction, the senior vice president now directly owns 112,430 shares in the company, valued at approximately $17,778,555.90. The disclosure for this sale can be found here. Insiders have sold 541,177 shares of company stock worth $85,864,804 in the last three months. 0.08% of the stock is currently owned by corporate insiders.

Apple Company Profile

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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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