National Pension Service grew its holdings in Apple Inc. (NASDAQ:AAPL) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,914,795 shares of the iPhone maker’s stock after purchasing an additional 356,476 shares during the period. Apple makes up about 3.4% of National Pension Service’s portfolio, making the stock its biggest position. National Pension Service owned about 0.08% of Apple worth $562,478,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Hefty Wealth Partners grew its position in Apple by 27.6% during the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 174 shares during the last quarter. American Beacon Advisors Inc. bought a new stake in Apple during the 1st quarter worth $117,000. State of Alaska Department of Revenue bought a new stake in Apple during the 2nd quarter worth $149,000. Portfolio Solutions LLC bought a new stake in Apple during the 1st quarter worth $169,000. Finally, Fox Run Management L.L.C. bought a new stake in Apple during the 1st quarter worth $201,000. Institutional investors own 60.36% of the company’s stock.
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Shares of Apple Inc. (NASDAQ:AAPL) traded up 0.15% on Tuesday, hitting $156.07. 9,521,623 shares of the company were exchanged. The firm has a market cap of $806.14 billion, a P/E ratio of 17.72 and a beta of 1.27. The company 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 posted its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The firm had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. During the same quarter last year, the firm posted $1.42 earnings per share. Apple’s revenue for the quarter was up 7.2% compared to the same quarter last year. Analysts predict that Apple Inc. will post $9.01 EPS for the current fiscal year.
A number of brokerages recently weighed in on AAPL. Drexel Hamilton restated a “buy” rating and set a $208.00 price objective on shares of Apple in a research report on Monday. UBS AG restated a “buy” rating and set a $180.00 price objective on shares of Apple in a research report on Monday. Vetr lowered Apple from a “strong-buy” rating to a “buy” rating and set a $173.47 price objective on the stock. in a research report on Friday. Robert W. Baird restated a “buy” rating and set a $175.00 price objective (up previously from $172.00) on shares of Apple in a research report on Wednesday, October 4th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $180.00 price objective on shares of Apple in a research report on Tuesday, October 3rd. Nine equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $189.61.
In other news, insider Angela J. Ahrendts sold 63,388 shares of Apple stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Philip W. Schiller sold 56,808 shares of Apple stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total transaction of $8,788,197.60. The disclosure for this sale can be found here. Insiders sold 541,177 shares of company stock worth $85,864,804 in the last 90 days. 0.08% of the stock is currently owned by 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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