WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST Has $504,070,000 Stake in Apple Inc. (AAPL)

WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST maintained its stake in shares of Apple Inc. (NASDAQ:AAPL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,500,000 shares of the iPhone maker’s stock at the close of the 2nd quarter. Apple accounts for about 8.6% of WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST’s portfolio, making the stock its largest holding. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST owned about 0.07% of Apple worth $504,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in AAPL. Stonehearth Capital Management LLC increased its position in Apple by 0.8% in the 1st quarter. Stonehearth Capital Management LLC now owns 2,378 shares of the iPhone maker’s stock valued at $342,000 after acquiring an additional 20 shares during the period. Lenox Wealth Advisors Inc. increased its position in Apple by 0.4% in the 2nd quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock valued at $716,000 after acquiring an additional 20 shares during the period. Sippican Capital Advisors increased its position in Apple by 0.5% in the 1st quarter. Sippican Capital Advisors now owns 4,912 shares of the iPhone maker’s stock valued at $706,000 after acquiring an additional 26 shares during the period. Cordasco Financial Network increased its position in Apple by 1.5% in the 2nd quarter. Cordasco Financial Network now owns 3,233 shares of the iPhone maker’s stock valued at $466,000 after acquiring an additional 49 shares during the period. Finally, Lbmc Investment Advisors LLC increased its position in Apple by 1.1% in the 1st quarter. Lbmc Investment Advisors LLC now owns 5,386 shares of the iPhone maker’s stock valued at $774,000 after acquiring an additional 59 shares during the period. 60.33% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently commented on the company. KeyCorp upgraded Apple from a “sector weight” rating to an “overweight” rating and raised their target price for the company from $173.75 to $187.00 in a research report on Monday. Pacific Crest upgraded Apple from a “sector weight” rating to an “overweight” rating and set a $187.00 price target on the stock in a research report on Monday. Rosenblatt Securities reiterated a “hold” rating and set a $150.00 price target on shares of Apple in a research report on Sunday. Barclays PLC lifted their price target on Apple to $161.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $196.00 price target on shares of Apple in a research report on Wednesday, October 11th. Seven equities research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $190.46.

Shares of Apple Inc. (AAPL) traded down 0.03% on Tuesday, hitting $159.83. 11,997,233 shares of the company traded hands. The firm has a market capitalization of $825.56 billion, a P/E ratio of 18.15 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 firm’s 50-day moving average is $157.58 and its 200 day moving average is $151.69.

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. Apple had a net margin of 20.87% and a return on equity of 35.40%. The company had revenue of $45.41 billion during the quarter, compared to analyst estimates of $44.94 billion. During the same period in the prior year, the firm earned $1.42 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts anticipate that Apple Inc. will post $9.01 earnings per share for the current fiscal year.

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In related news, CEO Timothy D. Cook sold 268,623 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $160.63, for a total value of $43,148,912.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP D Bruce Sewell sold 31,625 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $158.13, for a total transaction of $5,000,861.25. Following the completion of the sale, the senior vice president now directly owns 112,430 shares of the company’s stock, valued at $17,778,555.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 541,177 shares of company stock valued at $85,864,804. 0.08% of the stock is owned by insiders.

About Apple

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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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