Harvest Capital Management Inc trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 6.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,147 shares of the iPhone maker’s stock after selling 435 shares during the quarter. Harvest Capital Management Inc’s holdings in Apple were worth $947,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. Berkshire Hathaway Inc. raised its holdings in Apple by 0.6% in the second quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock worth $18,750,246,000 after purchasing an additional 834,854 shares during the period. Capital Research Global Investors raised its holdings in Apple by 15.0% in the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after purchasing an additional 3,845,363 shares during the period. Legal & General Group Plc raised its holdings in shares of Apple by 3.0% during the second quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock worth $3,759,849,000 after acquiring an additional 771,046 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Apple by 301.3% during the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock worth $2,880,992,000 after acquiring an additional 15,018,790 shares during the period. Finally, Swiss National Bank raised its holdings in shares of Apple by 1.5% during the second quarter. Swiss National Bank now owns 19,169,416 shares of the iPhone maker’s stock worth $2,760,779,000 after acquiring an additional 275,400 shares during the period. 59.61% of the stock is currently owned by institutional investors and hedge funds.
AAPL has been the topic of several recent research reports. UBS Group reiterated a “buy” rating and issued a $180.00 price target on shares of Apple in a research note on Tuesday, September 12th. Nomura set a $185.00 price target on shares of Apple and gave the company a “buy” rating in a research note on Monday, September 25th. KeyCorp upgraded shares of Apple from a “sector weight” rating to an “overweight” rating and lifted their price target for the company from $173.75 to $187.00 in a research note on Monday, October 16th. Royal Bank of Canada lifted their price objective on shares of Apple from $180.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday, September 14th. Finally, Maxim Group reissued a “buy” rating and issued a $182.00 price objective on shares of Apple in a research report on Friday, September 22nd. One research 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 assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $198.61.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.20. The company had revenue of $52.58 billion for 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 company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.50 EPS. sell-side analysts anticipate that Apple Inc. will post 11.18 earnings per share for the current year.
In other Apple news, insider Philip W. Schiller sold 56,808 shares of the company’s stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Angela J. Ahrendts sold 63,388 shares of the company’s stock in a transaction on Thursday, October 5th. The stock was 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. Over the last three months, insiders have sold 232,967 shares of company stock worth $37,944,683. 0.08% of the stock is owned by insiders.
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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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