Linscomb & Williams Inc. lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,934 shares of the iPhone maker’s stock after purchasing an additional 2,060 shares during the period. Apple makes up about 0.7% of Linscomb & Williams Inc.’s investment portfolio, making the stock its 22nd biggest position. Linscomb & Williams Inc.’s holdings in Apple were worth $8,312,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Blue Sky Asset Management LLC acquired a new position in Apple in the second quarter valued at approximately $108,000. FNY Managed Accounts LLC lifted its holdings in Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 716 shares during the period. Private Vista LLC acquired a new position in Apple in the second quarter valued at approximately $122,000. Armbruster Capital Management Inc. lifted its holdings in Apple by 9.4% in the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after buying an additional 78 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in Apple in the second quarter valued at approximately $149,000. Institutional investors own 60.19% of the company’s stock.
Several equities analysts recently weighed in on the stock. Barclays set a $174.00 price objective on shares of Apple and gave the company a “neutral” rating in a report on Thursday. Zacks Investment Research upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $197.00 price objective on the stock in a report on Thursday. Bank of America lowered shares of Apple from a “buy” rating to a “neutral” rating and increased their target price for the stock from $180.00 to $220.00 in a report on Wednesday. Longbow Research lowered shares of Apple from a “buy” rating to a “neutral” rating in a report on Wednesday. Finally, Maxim Group increased their target price on shares of Apple from $193.00 to $204.00 and gave the stock a “buy” rating in a report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirty-nine have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $200.25.
Apple Inc. (NASDAQ AAPL) opened at $179.26 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. Apple Inc. has a 1 year low of $119.37 and a 1 year high of $180.10. The stock has a market cap of $920,380.00, a price-to-earnings ratio of 19.51, a P/E/G ratio of 1.46 and a beta of 1.23.
Apple (NASDAQ:AAPL) last released its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The company had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. During the same quarter in the previous year, the company earned $1.50 EPS. Apple’s quarterly revenue was up 12.2% compared to the same quarter last year. research analysts expect that Apple Inc. will post 11.18 earnings per share for the current fiscal year.
In related news, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the transaction, the insider now owns 13,739 shares in the company, valued at approximately $2,401,302.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Johny Srouji sold 5,760 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the transaction, the senior vice president now owns 81,560 shares in the company, valued at approximately $14,224,064. The disclosure for this sale can be found here. Insiders have sold a total of 128,412 shares of company stock worth $22,115,155 in the last quarter. 0.08% of the stock is owned by corporate insiders.
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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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