Hemenway Trust Co LLC Grows Position in Apple Inc. (AAPL)

Hemenway Trust Co LLC boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 123,346 shares of the iPhone maker’s stock after buying an additional 1,357 shares during the quarter. Apple accounts for about 4.0% of Hemenway Trust Co LLC’s holdings, making the stock its largest position. Hemenway Trust Co LLC’s holdings in Apple were worth $19,010,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AAPL. YHB Investment Advisors Inc. increased its holdings in shares of Apple by 7.6% in the second quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock worth $19,614,000 after purchasing an additional 9,663 shares during the last quarter. Lederer & Associates Investment Counsel CA increased its holdings in shares of Apple by 2.1% in the second quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock worth $5,377,000 after purchasing an additional 779 shares during the last quarter. Empirical Financial Services LLC increased its holdings in shares of Apple by 23.9% in the second quarter. Empirical Financial Services LLC now owns 21,558 shares of the iPhone maker’s stock worth $3,105,000 after purchasing an additional 4,154 shares during the last quarter. Carnick & Kubik Group LLC increased its holdings in shares of Apple by 14.4% in the second quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock worth $2,987,000 after purchasing an additional 2,612 shares during the last quarter. Finally, GenTrust LLC increased its holdings in shares of Apple by 1,022.9% in the second quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock worth $4,942,000 after purchasing an additional 31,259 shares during the last quarter. Institutional investors own 60.17% of the company’s stock.

Shares of Apple Inc. (NASDAQ:AAPL) opened at $177.09 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $909,240.00, a P/E ratio of 19.27, a P/E/G ratio of 1.43 and a beta of 1.23. Apple Inc. has a twelve month low of $118.22 and a twelve month high of $177.36.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. The firm had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. Apple’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 earnings per share. research analysts expect that Apple Inc. will post 11.18 EPS for the current fiscal year.

AAPL has been the topic of several research reports. Bank of America reaffirmed a “buy” rating and issued a $180.00 target price on shares of Apple in a report on Tuesday, September 26th. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $175.00 target price on shares of Apple in a report on Tuesday, September 26th. Drexel Hamilton reiterated a “buy” rating and issued a $208.00 price target on shares of Apple in a research report on Monday, September 25th. Nomura set a $185.00 price target on Apple and gave the stock a “buy” rating in a research report on Monday, September 25th. Finally, Citigroup reiterated a “buy” rating and issued a $170.00 price target on shares of Apple in a research report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $198.94.

In related news, SVP Johny Srouji sold 5,760 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total value of $1,004,544.00. Following the completion of the sale, the senior vice president now owns 81,560 shares in the company, valued at $14,224,064. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total value of $2,695,726.35. Following the completion of the sale, the insider now owns 39,682 shares of the company’s stock, valued at approximately $6,839,192.70. The disclosure for this sale can be found here. Insiders sold 128,412 shares of company stock valued at $22,115,155 in the last quarter. 0.06% of the stock is owned by company insiders.

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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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