Foster & Motley Inc. Increases Stake in Apple Inc. (AAPL)

Foster & Motley Inc. lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 10.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 93,397 shares of the iPhone maker’s stock after buying an additional 9,048 shares during the period. Apple comprises approximately 2.5% of Foster & Motley Inc.’s investment portfolio, making the stock its 4th biggest position. Foster & Motley Inc.’s holdings in Apple were worth $14,394,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in AAPL. Berkshire Hathaway Inc. increased 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 valued at $18,750,246,000 after purchasing an additional 834,854 shares during the period. Capital Research Global Investors increased 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 valued at $4,241,383,000 after purchasing an additional 3,845,363 shares during the period. Legal & General Group Plc increased its holdings in Apple by 3.0% in the second quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock valued at $3,759,849,000 after purchasing an additional 771,046 shares during the period. Janus Henderson Group PLC increased its holdings in Apple by 301.3% in the second 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. Finally, Swiss National Bank increased its holdings in Apple by 1.5% in the second quarter. Swiss National Bank now owns 19,169,416 shares of the iPhone maker’s stock valued at $2,760,779,000 after purchasing an additional 275,400 shares during the period. Institutional investors own 59.61% of the company’s stock.

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 transaction, the senior vice president now owns 81,560 shares of the company’s stock, valued at approximately $14,224,064. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Philip W. Schiller sold 56,808 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total transaction of $8,788,197.60. The disclosure for this sale can be found here. Insiders have sold a total of 232,967 shares of company stock worth $37,944,683 in the last three months. Insiders own 0.08% of the company’s stock.

AAPL has been the subject of a number of recent research reports. BMO Capital Markets restated a “buy” rating and issued a $199.00 price objective on shares of Apple in a report on Wednesday, December 20th. Rosenblatt Securities set a $180.00 price objective on Apple and gave the company a “buy” rating in a report on Tuesday. Barclays restated a “hold” rating and issued a $146.00 price objective on shares of Apple in a report on Monday, September 4th. Wells Fargo & Co restated a “market perform” rating and issued a $195.00 price objective on shares of Apple in a report on Tuesday, November 14th. Finally, Royal Bank of Canada increased their price objective on Apple from $176.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $198.61.

Apple Inc. (NASDAQ:AAPL) opened at $171.08 on Friday. The stock has a market cap of $878,380.00, a PE ratio of 18.62, 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 data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.20. The company had revenue of $52.58 billion for the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 EPS. research analysts forecast that Apple Inc. will post 11.18 earnings per share for the current fiscal year.

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Apple 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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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