Aspiriant LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,412 shares of the iPhone maker’s stock after selling 694 shares during the period. Apple accounts for approximately 0.8% of Aspiriant LLC’s portfolio, making the stock its 24th largest position. Aspiriant LLC’s holdings in Apple were worth $8,966,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its position in Apple by 2.0% in the fourth quarter. State Street Corp now owns 219,739,579 shares of the iPhone maker’s stock worth $25,450,260,000 after buying an additional 4,301,005 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in Apple during the third quarter worth $188,125,000. Tesco Pension Investment Ltd acquired a new position in Apple during the third quarter worth $135,263,000. Henderson Group PLC increased its position in Apple by 30.9% in the third quarter. Henderson Group PLC now owns 4,518,868 shares of the iPhone maker’s stock worth $510,722,000 after buying an additional 1,067,785 shares in the last quarter. Finally, Columbus Circle Investors increased its position in Apple by 27.6% in the third quarter. Columbus Circle Investors now owns 2,513,016 shares of the iPhone maker’s stock worth $284,096,000 after buying an additional 542,997 shares in the last quarter. Institutional investors and hedge funds own 58.76% of the company’s stock.
Shares of Apple Inc. (NASDAQ:AAPL) traded down 0.110% during midday trading on Friday, reaching $142.283. The company had a trading volume of 3,073,291 shares. The firm has a market capitalization of $746.49 billion, a price-to-earnings ratio of 17.081 and a beta of 1.26. The company has a 50 day moving average of $141.36 and a 200 day moving average of $124.37. Apple Inc. has a 12-month low of $89.47 and a 12-month high of $145.46.
Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, January 31st. The iPhone maker reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.14. The company had revenue of $78.35 billion for the quarter, compared to the consensus estimate of $77.37 billion. Apple had a return on equity of 34.94% and a net margin of 20.73%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company earned $3.28 EPS. Analysts anticipate that Apple Inc. will post $8.95 EPS for the current year.
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Several brokerages recently commented on AAPL. Guggenheim reiterated a “buy” rating and issued a $180.00 target price on shares of Apple in a report on Wednesday. Goldman Sachs Group Inc reiterated a “buy” rating and issued a $150.00 target price on shares of Apple in a report on Tuesday. Macquarie set a $160.00 target price on shares of Apple and gave the stock a “buy” rating in a report on Wednesday. Stifel Nicolaus lifted their target price on shares of Apple from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Canaccord Genuity lifted their target price on shares of Apple from $140.00 to $142.00 and gave the stock a “buy” rating in a report on Wednesday, February 1st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $147.25.
In other Apple news, insider Daniel J. Riccio sold 11,949 shares of Apple stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of $143.98, for a total value of $1,720,417.02. Following the sale, the insider now owns 35,847 shares of the company’s stock, valued at approximately $5,161,251.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP D Bruce Sewell sold 75,000 shares of Apple stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $128.43, for a total value of $9,632,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 436,644 shares of company stock worth $57,294,327. Corporate insiders own 0.08% of the company’s stock.
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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