Kistler Tiffany Companies LLC lifted its position in Apple Inc. (NASDAQ:AAPL) by 6.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,235 shares of the iPhone maker’s stock after acquiring an additional 2,033 shares during the quarter. Apple accounts for approximately 2.1% of Kistler Tiffany Companies LLC’s holdings, making the stock its 11th largest position. Kistler Tiffany Companies LLC’s holdings in Apple were worth $4,968,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Janus Henderson Group PLC boosted its position in Apple by 301.3% during the 2nd quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after purchasing an additional 15,018,790 shares during the period. Harbour Capital Advisors LLC boosted its position in Apple by 14,030.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker’s stock valued at $31,352,000 after purchasing an additional 4,483,360 shares during the period. Capital Research Global Investors boosted its position in Apple by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after purchasing an additional 3,845,363 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Apple by 200.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,765,574 shares of the iPhone maker’s stock valued at $686,338,000 after purchasing an additional 3,178,809 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Apple by 25.3% during the 2nd quarter. Principal Financial Group Inc. now owns 10,582,632 shares of the iPhone maker’s stock valued at $1,524,110,000 after acquiring an additional 2,138,928 shares in the last quarter. Institutional investors own 59.61% of the company’s stock.
In other news, insider Philip W. Schiller sold 56,808 shares of the business’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $154.70, for a total transaction of $8,788,197.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Angela J. Ahrendts sold 63,388 shares of the business’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total value of $9,775,063.48. The disclosure for this sale can be found here. Insiders have sold 232,967 shares of company stock worth $37,944,683 over the last ninety days. 0.08% of the stock is owned by insiders.
Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 36.29% and a net margin of 21.09%. Apple’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.50 earnings per share. research analysts anticipate 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 reaffirmed a “buy” rating and set a $208.00 target price on shares of Apple in a research note on Tuesday, October 24th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $200.00 target price (up previously from $196.00) on shares of Apple in a research note on Tuesday, October 31st. Barclays set a $146.00 target price on Apple and gave the company a “neutral” rating in a research note on Wednesday, September 13th. Vetr downgraded Apple from a “buy” rating to a “hold” rating and set a $171.48 target price on the stock. in a research note on Monday, October 30th. Finally, Nomura set a $185.00 target price on Apple and gave the company a “buy” rating in a research note on Monday, November 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $198.61.
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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.
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