Rice Hall James & Associates LLC trimmed its position in Apple (NASDAQ:AAPL) by 36.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 900 shares of the iPhone maker’s stock after selling 525 shares during the period. Rice Hall James & Associates LLC’s holdings in Apple were worth $152,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of AAPL. FNY Managed Accounts LLC boosted its stake in Apple by 852.4% in the second 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 last quarter. Private Vista LLC purchased a new stake in shares of Apple during the 2nd quarter valued at approximately $122,000. Crow Point Partners LLC lifted its stake in shares of Apple by 100.0% during the 3rd quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock valued at $153,000 after buying an additional 500 shares in the last quarter. Oak Point Wealth Management purchased a new stake in shares of Apple during the 4th quarter valued at approximately $163,000. Finally, Interactive Financial Advisors purchased a new stake in shares of Apple during the 4th quarter valued at approximately $188,000. 61.35% of the stock is owned by institutional investors and hedge funds.
In other news, SVP Daniel J. Riccio sold 17,375 shares of the firm’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $169.12, for a total value of $2,938,460.00. Following the completion of the sale, the senior vice president now directly owns 66,191 shares of the company’s stock, valued at approximately $11,194,221.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Luca Maestri sold 39,122 shares of the firm’s stock in a transaction dated Friday, April 13th. The stock was sold at an average price of $174.66, for a total transaction of $6,833,048.52. Following the completion of the sale, the insider now directly owns 64,475 shares of the company’s stock, valued at $11,261,203.50. The disclosure for this sale can be found here. In the last three months, insiders sold 125,988 shares of company stock worth $21,336,201. Insiders own 0.08% of the company’s stock.
Shares of Apple stock opened at $177.84 on Thursday. The firm has a market capitalization of $904,392.13, a price-to-earnings ratio of 19.31, a PEG ratio of 1.35 and a beta of 1.25. Apple has a 12-month low of $140.45 and a 12-month high of $183.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.82 by $0.07. The business had revenue of $88.29 billion for the quarter, compared to analyst estimates of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. The company’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.36 EPS. research analysts expect that Apple will post 11.37 earnings per share for the current fiscal year.
A number of brokerages recently commented on AAPL. Nomura set a $175.00 price target on shares of Apple and gave the company a “neutral” rating in a research note on Tuesday, April 3rd. Vetr cut shares of Apple from a “strong-buy” rating to a “buy” rating and set a $186.86 price target on the stock. in a research note on Monday, April 2nd. Royal Bank of Canada set a $203.00 price target on shares of Apple and gave the company a “buy” rating in a research note on Tuesday, April 3rd. BMO Capital Markets cut shares of Apple from an “outperform” rating to a “market perform” rating and upped their price target for the company from $162.00 to $166.00 in a research note on Wednesday, January 31st. Finally, Morningstar set a $170.00 price target on shares of Apple and gave the company a “neutral” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Apple has a consensus rating of “Buy” and an average price target of $203.21.
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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