Parametric Portfolio Associates LLC raised its stake in shares of Apple (NASDAQ:AAPL) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,109,070 shares of the iPhone maker’s stock after purchasing an additional 479,466 shares during the period. Apple accounts for 2.0% of Parametric Portfolio Associates LLC’s portfolio, making the stock its 2nd largest position. Parametric Portfolio Associates LLC owned about 0.24% of Apple worth $1,866,250,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of the stock. Blue Sky Asset Management LLC acquired a new stake in shares of Apple in the second quarter worth $108,000. FNY Managed Accounts LLC increased its position in shares of Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 716 shares in the last quarter. Private Vista LLC acquired a new stake in shares of Apple in the second quarter worth $122,000. Armbruster Capital Management Inc. increased its position in shares of Apple by 9.4% in the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after acquiring an additional 78 shares in the last quarter. Finally, Crow Point Partners LLC increased its position in shares of Apple by 100.0% in the third quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock worth $153,000 after acquiring an additional 500 shares in the last quarter. 61.33% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on AAPL shares. Vetr lowered shares of Apple from a “buy” rating to a “hold” rating and set a $178.34 price target for the company. in a report on Friday, December 1st. UBS set a $190.00 price target on shares of Apple and gave the company a “buy” rating in a report on Friday, January 5th. Morgan Stanley reaffirmed a “buy” rating and set a $205.00 price target (up from $200.00) on shares of Apple in a report on Tuesday, January 23rd. Sanford C. Bernstein lowered shares of Apple from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $195.00 to $170.00 in a report on Friday, February 2nd. Finally, HSBC set a $204.00 price target on shares of Apple and gave the company a “buy” rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Apple currently has a consensus rating of “Buy” and an average target price of $201.53.
In related news, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $174.78, for a total value of $2,733,733.98. Following the sale, the insider now directly owns 13,739 shares in the company, valued at approximately $2,401,302.42. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.06% of the company’s stock.
Shares of Apple stock opened at $178.02 on Monday. The firm has a market cap of $903,275.88, a PE ratio of 18.30, a P/E/G ratio of 1.34 and a beta of 1.19. Apple has a 52-week low of $138.62 and a 52-week high of $183.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.24 and a quick ratio of 1.20.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.82 by $0.07. The firm had revenue of $88.29 billion for the quarter, compared to the consensus estimate of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. Apple’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted $3.36 EPS. equities analysts predict that Apple will post 11.43 earnings per share for the current year.
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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