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.
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.
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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