Round Table Services LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,587 shares of the iPhone maker’s stock after buying an additional 333 shares during the period. Apple comprises approximately 0.5% of Round Table Services LLC’s portfolio, making the stock its 27th largest position. Round Table Services LLC’s holdings in Apple were worth $1,377,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the company. Fairview Capital Investment Management LLC raised its position in Apple by 2.7% in the fourth quarter. Fairview Capital Investment Management LLC now owns 13,481 shares of the iPhone maker’s stock worth $1,561,000 after buying an additional 350 shares in the last quarter. Norges Bank acquired a new position in Apple during the fourth quarter worth approximately $5,625,709,000. Perigon Wealth Management LLC raised its position in Apple by 5.9% in the fourth quarter. Perigon Wealth Management LLC now owns 147,469 shares of the iPhone maker’s stock worth $20,613,000 after buying an additional 8,233 shares in the last quarter. IFM Investors Pty Ltd acquired a new position in Apple during the fourth quarter worth approximately $7,910,000. Finally, RB Capital Management LLC acquired a new position in Apple during the fourth quarter worth approximately $5,793,000. 61.21% of the stock is currently owned by institutional investors.
Apple Inc. (AAPL) opened at 149.56 on Tuesday. The stock’s 50 day moving average price is $150.30 and its 200-day moving average price is $137.42. Apple Inc. has a 52 week low of $96.42 and a 52 week high of $156.65. The company has a market capitalization of $779.78 billion, a PE ratio of 17.55 and a beta of 1.31.
Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.08. Apple had a net margin of 20.74% and a return on equity of 35.09%. The firm had revenue of $52.90 billion for the quarter, compared to the consensus estimate of $52.61 billion. On average, equities research analysts predict that Apple Inc. will post $8.92 earnings per share for the current fiscal year.
Apple declared that its Board of Directors has approved a stock repurchase plan on Tuesday, May 2nd that permits the company to buyback $50.00 billion in outstanding shares. This buyback authorization permits the iPhone maker to purchase up to 6.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
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AAPL has been the topic of a number of recent analyst reports. UBS AG boosted their price objective on Apple from $165.00 to $200.00 in a research note on Sunday, April 2nd. Bank of America Corporation reissued a “buy” rating and issued a $180.00 price objective (up previously from $155.00) on shares of Apple in a research note on Friday, May 12th. Mizuho reissued a “buy” rating and issued a $150.00 price objective on shares of Apple in a research note on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) set a $170.00 price objective on Apple and gave the stock a “buy” rating in a research note on Saturday, May 20th. Finally, Wells Fargo & Company reissued a “market perform” rating and issued a $140.00 price objective on shares of Apple in a research note on Friday, April 28th. Eleven investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $160.40.
In other news, insider Daniel J. Riccio sold 11,949 shares of the business’s stock in a transaction dated Thursday, July 6th. The shares were sold at an average price of $142.86, for a total value of $1,707,034.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Angela J. Ahrendts sold 75,000 shares of the business’s stock in a transaction dated Monday, May 8th. The stock was sold at an average price of $147.98, for a total transaction of $11,098,500.00. Following the completion of the sale, the insider now owns 154,116 shares in the company, valued at $22,806,085.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 379,308 shares of company stock worth $57,391,709. Insiders own 0.08% of the company’s stock.
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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