Apple Inc. (AAPL) Stake Increased by Abbot Financial Management Inc.

Abbot Financial Management Inc. increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 20,693 shares of the iPhone maker’s stock after buying an additional 691 shares during the quarter. Apple accounts for about 2.7% of Abbot Financial Management Inc.’s holdings, making the stock its 6th biggest holding. Abbot Financial Management Inc.’s holdings in Apple were worth $3,251,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AAPL. Berkshire Hathaway Inc. increased its holdings in Apple by 0.6% in the 2nd 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 in the last quarter. Capital Research Global Investors increased its holdings in Apple by 15.0% in the 2nd 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 in the last quarter. Legal & General Group Plc increased its holdings in Apple by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock worth $3,759,849,000 after purchasing an additional 771,046 shares in the last quarter. Janus Henderson Group PLC increased its holdings in Apple by 301.3% in the 2nd 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 in the last quarter. Finally, Swiss National Bank increased its holdings in Apple by 1.5% in the 2nd quarter. Swiss National Bank now owns 19,169,416 shares of the iPhone maker’s stock worth $2,760,779,000 after purchasing an additional 275,400 shares in the last quarter. Institutional investors and hedge funds own 60.17% of the company’s stock.

Apple Inc. (AAPL) opened at $174.35 on Tuesday. Apple Inc. has a fifty-two week low of $117.94 and a fifty-two week high of $177.20. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $895,170.00, a P/E ratio of 18.97, a PEG ratio of 1.43 and a beta of 1.23.

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

Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut Apple from a “buy” rating to a “hold” rating in a research note on Monday. UBS Group reissued 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 Apple and gave the company a “buy” rating in a research note on Monday, September 25th. KeyCorp raised Apple from a “sector weight” rating to an “overweight” rating and increased their price target for the company from $173.75 to $187.00 in a research note on Monday, October 16th. Finally, Royal Bank of Canada increased their price target on Apple from $180.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, September 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $198.70.

In related news, insider Eduardo H. Cue sold 65,361 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total transaction of $11,215,947.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Johny Srouji sold 10,368 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $174.68, for a total value of $1,811,082.24. Following the sale, the insider now directly owns 81,560 shares of the company’s stock, valued at $14,246,900.80. The disclosure for this sale can be found here. Insiders sold 112,771 shares of company stock worth $19,381,421 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.

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About Apple

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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