PGGM Investments Buys 95,084 Shares of Apple Inc. (AAPL)

PGGM Investments raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,102,814 shares of the iPhone maker’s stock after purchasing an additional 95,084 shares during the period. Apple makes up approximately 1.6% of PGGM Investments’ portfolio, making the stock its 9th biggest holding. PGGM Investments’ holdings in Apple were worth $324,086,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. LaFleur & Godfrey LLC bought a new position in shares of Apple during the 1st quarter worth approximately $28,234,000. Verity & Verity LLC lifted its position in shares of Apple by 4.3% during the 1st quarter. Verity & Verity LLC now owns 59,562 shares of the iPhone maker’s stock worth $8,557,000 after buying an additional 2,471 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Apple by 23.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock worth $1,334,527,000 after buying an additional 1,749,797 shares in the last quarter. Orca Investment Management LLC lifted its position in shares of Apple by 78.2% during the 1st quarter. Orca Investment Management LLC now owns 25,033 shares of the iPhone maker’s stock worth $3,596,000 after buying an additional 10,986 shares in the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI raised its holdings in shares of Apple by 2.8% in the 1st quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 75,432 shares of the iPhone maker’s stock worth $10,837,000 after purchasing an additional 2,065 shares during the period. Institutional investors and hedge funds own 59.62% of the company’s stock.

AAPL has been the topic of a number of research reports. Drexel Hamilton reaffirmed a “buy” rating and issued a $208.00 price target on shares of Apple in a report on Thursday, August 24th. Barclays reaffirmed an “equal weight” rating on shares of Apple in a report on Thursday, August 24th. Bank of America reaffirmed a “buy” rating and issued a $180.00 price target on shares of Apple in a report on Thursday, August 24th. Cleveland Research raised shares of Apple from a “neutral” rating to a “buy” rating and set a $197.00 price target on the stock in a report on Tuesday, August 29th. Finally, UBS reaffirmed a “buy” rating and issued a $180.00 price target on shares of Apple in a report on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. Apple has a consensus rating of “Buy” and a consensus price target of $197.22.

Apple Inc. (NASDAQ AAPL) opened at $175.01 on Friday. The company has a market cap of $898,560.00, a price-to-earnings ratio of 18.97, a PEG ratio of 1.40 and a beta of 1.24. 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 Inc. has a 1 year low of $114.76 and a 1 year high of $177.20.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. The firm had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 EPS. sell-side analysts anticipate that Apple Inc. will post 11.18 earnings per share for the current fiscal year.

In other news, insider Eduardo H. Cue sold 65,361 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $171.60, for a total transaction of $11,215,947.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $169.69, for a total transaction of $2,654,121.29. Following the transaction, the insider now owns 17,341 shares of the company’s stock, valued at $2,942,594.29. The disclosure for this sale can be found here. Insiders have sold a total of 232,967 shares of company stock valued at $37,944,683 over the last 90 days. Company 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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