Reik & CO. LLC Has $735,000 Holdings in Apple Inc. (AAPL)

Reik & CO. LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 12.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,771 shares of the iPhone maker’s stock after buying an additional 528 shares during the period. Apple accounts for 0.2% of Reik & CO. LLC’s investment portfolio, making the stock its 25th biggest holding. Reik & CO. LLC’s holdings in Apple were worth $735,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Blue Sky Asset Management LLC purchased a new stake in Apple in the 2nd quarter valued at about $108,000. Hefty Wealth Partners grew its position in shares of Apple by 27.6% during the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after acquiring an additional 174 shares during the period. FNY Managed Accounts LLC grew its position in shares of Apple by 852.4% during the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after acquiring an additional 716 shares during the period. Private Vista LLC bought a new position in shares of Apple during the 2nd quarter valued at approximately $122,000. Finally, Armbruster Capital Management Inc. grew its position in shares of Apple by 9.4% during the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after acquiring an additional 78 shares during the period. Hedge funds and other institutional investors own 60.17% of the company’s stock.

Apple Inc. (NASDAQ:AAPL) opened at $175.28 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. Apple Inc. has a fifty-two week low of $118.21 and a fifty-two week high of $177.20. The company has a market cap of $899,940.00, a price-to-earnings ratio of 19.07, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The firm had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. During the same period last year, the firm earned $1.50 EPS. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. equities research analysts anticipate that Apple Inc. will post 11.18 earnings per share for the current year.

AAPL has been the subject of a number of research reports. Maxim Group reissued a “buy” rating and set a $182.00 target price (up from $180.00) on shares of Apple in a research report on Thursday, September 14th. Needham & Company LLC reissued a “buy” rating and set a $175.00 target price on shares of Apple in a research report on Thursday, September 14th. Royal Bank of Canada increased their target price 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. Loop Capital reissued a “buy” rating and set a $180.00 target price on shares of Apple in a research report on Saturday, September 16th. Finally, Guggenheim reissued a “buy” rating and set a $200.00 target price on shares of Apple in a research report on Monday, September 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $198.70.

In other news, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total transaction of $2,695,726.35. Following the sale, the insider now owns 39,682 shares in the company, valued at approximately $6,839,192.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Eduardo H. Cue sold 65,361 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $171.60, for a total transaction of $11,215,947.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,412 shares of company stock valued at $22,115,155. Insiders own 0.06% of the company’s stock.

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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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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