Successful Portfolios LLC Purchases 477 Shares of Apple Inc. (NASDAQ:AAPL)

Successful Portfolios LLC increased its position in Apple Inc. (NASDAQ:AAPL) by 6.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,547 shares of the iPhone maker’s stock after purchasing an additional 477 shares during the quarter. Apple makes up 1.6% of Successful Portfolios LLC’s holdings, making the stock its 11th largest position. Successful Portfolios LLC’s holdings in Apple were worth $1,690,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Elwood & Goetz Wealth Advisory Group LLC grew its position in shares of Apple by 3.1% during the 3rd quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 1,628 shares of the iPhone maker’s stock worth $365,000 after purchasing an additional 49 shares in the last quarter. Roanoke Asset Management Corp NY grew its position in shares of Apple by 1.1% during the 2nd quarter. Roanoke Asset Management Corp NY now owns 4,412 shares of the iPhone maker’s stock worth $873,000 after purchasing an additional 50 shares in the last quarter. Guardian Life Insurance Co. of America grew its position in shares of Apple by 0.4% during the 2nd quarter. Guardian Life Insurance Co. of America now owns 12,970 shares of the iPhone maker’s stock worth $2,567,000 after purchasing an additional 51 shares in the last quarter. Monument Capital Management grew its position in shares of Apple by 2.2% during the 2nd quarter. Monument Capital Management now owns 2,438 shares of the iPhone maker’s stock worth $491,000 after purchasing an additional 53 shares in the last quarter. Finally, Landmark Financial Advisors LLC grew its position in shares of Apple by 0.7% during the 2nd quarter. Landmark Financial Advisors LLC now owns 7,357 shares of the iPhone maker’s stock worth $1,456,000 after purchasing an additional 53 shares in the last quarter. 58.63% of the stock is currently owned by institutional investors.

A number of research analysts have issued reports on AAPL shares. Canaccord Genuity restated a “buy” rating and set a $260.00 target price (up previously from $240.00) on shares of Apple in a research report on Wednesday. Wedbush increased their target price on shares of Apple from $245.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday. Jefferies Financial Group upgraded shares of Apple from a “hold” rating to a “buy” rating and increased their target price for the stock from $210.00 to $260.00 in a research report on Tuesday, September 24th. Piper Jaffray Companies set a $243.00 target price on shares of Apple and gave the stock a “buy” rating in a research report on Tuesday. Finally, Goldman Sachs Group set a $165.00 target price on shares of Apple and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $223.22.

Shares of NASDAQ:AAPL opened at $236.21 on Friday. The company has a market cap of $1,025.99 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 2.00 and a beta of 1.24. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.50 and a quick ratio of 1.47. The firm has a 50 day simple moving average of $216.75 and a 200 day simple moving average of $202.65. Apple Inc. has a one year low of $142.00 and a one year high of $237.64.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, July 30th. The iPhone maker reported $2.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.10 by $0.08. The business had revenue of $53.81 billion during the quarter, compared to the consensus estimate of $53.39 billion. Apple had a net margin of 21.50% and a return on equity of 52.13%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.34 EPS. As a group, analysts expect that Apple Inc. will post 11.68 EPS for the current year.

In related news, CEO Timothy D. Cook sold 265,160 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $206.17, for a total value of $54,668,037.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arthur D. Levinson sold 17,500 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $201.69, for a total transaction of $3,529,575.00. Following the completion of the transaction, the director now directly owns 1,150,783 shares of the company’s stock, valued at approximately $232,101,423.27. The disclosure for this sale can be found here. In the last three months, insiders sold 433,749 shares of company stock valued at $91,773,322. 0.05% of the stock is owned by insiders.

About Apple

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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