Apple Inc. (AAPL) Shares Bought by WealthTrust Arizona LLC

WealthTrust Arizona LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 5.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,472 shares of the iPhone maker’s stock after purchasing an additional 533 shares during the quarter. Apple accounts for approximately 0.8% of WealthTrust Arizona LLC’s portfolio, making the stock its 16th largest position. WealthTrust Arizona LLC’s holdings in Apple were worth $1,614,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of Apple during the second quarter worth $400,000. Blue Sky Asset Management LLC purchased a new stake in shares of Apple during the second quarter worth $108,000. FNY Managed Accounts LLC increased its position in shares of Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 716 shares during the period. Hefty Wealth Partners increased its position in shares of Apple by 27.6% during the second 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 period. Finally, Armbruster Capital Management Inc. increased its position in shares of Apple by 9.4% during the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after acquiring an additional 78 shares during the period. 59.62% of the stock is currently owned by institutional investors.

Shares of Apple Inc. (NASDAQ AAPL) opened at $174.35 on Thursday. Apple Inc. has a 12 month low of $114.76 and a 12 month high of $177.20. The firm has a market cap of $896,142.81, a PE ratio of 18.97, a PEG ratio of 1.40 and a beta of 1.22. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, topping the 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 business had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. During the same quarter in the prior year, the firm earned $1.50 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. research analysts expect that Apple Inc. will post 11.18 EPS for the current fiscal year.

AAPL has been the topic of several recent analyst reports. Drexel Hamilton reissued a “buy” rating and issued a $208.00 target price on shares of Apple in a report on Thursday, September 7th. Instinet reissued a “buy” rating and issued a $185.00 target price (up previously from $175.00) on shares of Apple in a report on Wednesday, September 6th. Robert W. Baird reissued a “buy” rating and issued a $172.00 target price on shares of Apple in a report on Tuesday, September 5th. UBS reissued a “buy” rating and issued a $180.00 target price on shares of Apple in a report on Tuesday, August 29th. Finally, Cleveland Research raised Apple from a “neutral” rating to a “buy” rating and set a $197.00 target price on the stock in a report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Apple presently has a consensus rating of “Buy” and an average price target of $197.22.

In related news, SVP Johny Srouji sold 5,760 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total value of $1,004,544.00. Following the completion of the sale, the senior vice president now owns 81,560 shares in the company, valued at $14,224,064. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Angela J. Ahrendts sold 63,388 shares of the firm’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. Insiders have sold 232,967 shares of company stock valued at $37,944,683 in the last quarter. Insiders own 0.08% of the company’s stock.

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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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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