Nottingham Advisors Inc. increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,824 shares of the iPhone maker’s stock after purchasing an additional 45 shares during the quarter. Nottingham Advisors Inc.’s holdings in Apple were worth $551,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Hefty Wealth Partners lifted its holdings in shares of Apple by 27.6% during the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 174 shares during the period. American Beacon Advisors Inc. acquired a new stake in shares of Apple during the first quarter worth $117,000. State of Alaska Department of Revenue acquired a new stake in shares of Apple during the second quarter worth $149,000. Portfolio Solutions LLC acquired a new stake in shares of Apple during the first quarter worth $169,000. Finally, D. Scott Neal Inc. lifted its holdings in shares of Apple by 19.8% during the second quarter. D. Scott Neal Inc. now owns 1,212 shares of the iPhone maker’s stock worth $175,000 after purchasing an additional 200 shares during the period. 60.33% of the stock is owned by hedge funds and other institutional investors.
Apple Inc. (NASDAQ AAPL) traded up 0.849% during midday trading on Friday, reaching $157.305. 8,517,573 shares of the company’s stock traded hands. The firm has a market cap of $812.52 billion, a PE ratio of 17.859 and a beta of 1.27. The firm’s 50-day moving average is $157.31 and its 200 day moving average is $152.01. Apple Inc. has a 52-week low of $104.08 and a 52-week high of $164.94.
Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate 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 net margin of 20.87% and a return on equity of 35.40%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.42 earnings per share. Equities research analysts expect that Apple Inc. will post $9.01 earnings per share for the current fiscal year.
In other news, insider Johny Srouji sold 5,892 shares of the stock in a transaction on 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 $11,327,638. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 268,623 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $160.63, for a total transaction of $43,148,912.49. The disclosure for this sale can be found here. Over the last three months, insiders sold 541,177 shares of company stock valued at $85,864,804. Corporate insiders own 0.08% of the company’s stock.
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Several equities research analysts recently weighed in on AAPL shares. UBS AG reaffirmed a “buy” rating and set a $170.00 price target on shares of Apple in a report on Friday, June 23rd. Pacific Crest reaffirmed an “equal weight” rating on shares of Apple in a report on Wednesday, June 28th. Citigroup Inc. reaffirmed a “buy” rating and set a $160.00 price target on shares of Apple in a report on Tuesday, July 4th. Instinet reaffirmed a “buy” rating and set a $165.00 price target on shares of Apple in a report on Wednesday, July 5th. Finally, Nomura reaffirmed a “buy” rating and set a $165.00 price target on shares of Apple in a report on Wednesday, July 5th. Seven equities research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $190.67.
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.
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