Integrated Investment Consultants LLC increased its holdings in Apple Inc. (NASDAQ:AAPL) by 0.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,846 shares of the iPhone maker’s stock after buying an additional 11 shares during the period. Apple accounts for approximately 0.6% of Integrated Investment Consultants LLC’s portfolio, making the stock its 24th largest holding. Integrated Investment Consultants LLC’s holdings in Apple were worth $1,274,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of AAPL. Hefty Wealth Partners raised its position in Apple by 27.6% during the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 174 shares in the last quarter. American Beacon Advisors Inc. purchased a new stake in Apple during the first quarter valued at about $117,000. State of Alaska Department of Revenue purchased a new stake in Apple during the second quarter valued at about $149,000. Portfolio Solutions LLC purchased a new stake in Apple during the first quarter valued at about $169,000. Finally, Fox Run Management L.L.C. purchased a new stake in Apple during the first quarter valued at about $201,000. Institutional investors own 60.36% of the company’s stock.
AAPL has been the topic of a number of research reports. Oppenheimer Holdings, Inc. restated a “” rating on shares of Apple in a research report on Thursday, August 10th. UBS AG set a $170.00 price target on Apple and gave the company a “buy” rating in a research report on Monday, June 12th. Citigroup Inc. restated a “buy” rating and set a $160.00 price target on shares of Apple in a research report on Monday, June 12th. Longbow Research restated a “buy” rating and set a $173.00 price target on shares of Apple in a research report on Tuesday, June 13th. Finally, Drexel Hamilton restated a “buy” rating and set a $202.00 price target on shares of Apple in a research report on Tuesday, June 13th. Nine research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $189.61.
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Shares of Apple Inc. (NASDAQ AAPL) traded up 0.14% during trading on Tuesday, reaching $156.06. 9,528,266 shares of the company’s stock were exchanged. The stock has a market capitalization of $806.09 billion, a price-to-earnings ratio of 17.72 and a beta of 1.27. The stock has a 50 day moving average price of $157.95 and a 200-day moving average price of $151.28. Apple Inc. has a 52 week low of $104.08 and a 52 week high of $164.94.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data 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 firm had revenue of $45.41 billion for 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 EPS. Analysts predict that Apple Inc. will post $9.01 earnings per share for the current year.
In other Apple news, insider Chris Kondo sold 6,209 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $161.96, for a total transaction of $1,005,609.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Johny Srouji sold 5,892 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $161.00, for a total transaction of $948,612.00. Following the sale, the insider now directly owns 70,358 shares in the company, valued at $11,327,638. The disclosure for this sale can be found here. Over the last three months, insiders sold 541,177 shares of company stock worth $85,864,804. 0.08% of the stock is owned by corporate insiders.
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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