Apple Inc. (AAPL) is Rathbone Brothers plc’s 6th Largest Position

Rathbone Brothers plc lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 396,321 shares of the iPhone maker’s stock after selling 4,474 shares during the quarter. Apple makes up about 2.7% of Rathbone Brothers plc’s investment portfolio, making the stock its 6th largest holding. Rathbone Brothers plc’s holdings in Apple were worth $61,081,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AAPL. Janus Henderson Group PLC boosted 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 worth $2,880,992,000 after purchasing an additional 15,018,790 shares during the period. Harbour Capital Advisors LLC boosted its holdings in shares of Apple by 14,030.2% during the second quarter. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker’s stock valued at $31,352,000 after acquiring an additional 4,483,360 shares during the period. Capital Research Global Investors boosted its holdings in shares of Apple by 15.0% during 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 acquiring an additional 3,845,363 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Apple by 200.3% during the second quarter. Arrowstreet Capital Limited Partnership now owns 4,765,574 shares of the iPhone maker’s stock valued at $686,338,000 after acquiring an additional 3,178,809 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Apple by 25.3% during the second 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 during the period. 59.61% of the stock is owned by hedge funds and other institutional investors.

Apple Inc. (NASDAQ:AAPL) opened at $175.00 on Friday. The firm has a market capitalization of $908,730.00, a PE ratio of 19.04, a P/E/G ratio of 1.41 and a beta of 1.23. Apple Inc. has a 12 month low of $116.47 and a 12 month high of $177.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.20. The firm had revenue of $52.58 billion for the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. Apple’s revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the business posted $1.50 EPS. analysts expect that Apple Inc. will post 11.18 earnings per share for the current fiscal year.

In related news, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $172.35, for a total value of $2,695,726.35. Following the transaction, the insider now owns 39,682 shares of the company’s stock, valued at approximately $6,839,192.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Johny Srouji sold 5,760 shares of Apple stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total value of $1,004,544.00. Following the completion of the transaction, the senior vice president now directly owns 81,560 shares in the company, valued at approximately $14,224,064. The disclosure for this sale can be found here. Insiders sold a total of 112,771 shares of company stock worth $19,381,421 in the last three months. 0.08% of the stock is currently owned by company insiders.

AAPL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. restated a “buy” rating and set a price objective on shares of Apple in a research note on Monday, September 11th. Royal Bank of Canada restated an “outperform” rating and set a $180.00 price objective on shares of Apple in a research note on Monday, September 11th. Rosenblatt Securities set a $150.00 price objective on shares of Apple and gave the company a “hold” rating in a research note on Sunday, September 10th. Longbow Research restated a “buy” rating and set a $192.00 price objective on shares of Apple in a research note on Monday, September 11th. Finally, Macquarie restated an “outperform” rating and set a $180.00 price objective on shares of Apple in a research note on Monday, September 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company. Apple presently has an average rating of “Buy” and an average target price of $198.70.

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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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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