Verde Servicos Internacionais S.A. decreased its position in Apple Inc. (NASDAQ:AAPL) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 385,808 shares of the iPhone maker’s stock after selling 1,802 shares during the period. Apple comprises 3.2% of Verde Servicos Internacionais S.A.’s portfolio, making the stock its 9th largest position. Verde Servicos Internacionais S.A.’s holdings in Apple were worth $36,883,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. BlackRock Group LTD increased its stake in shares of Apple by 3.3% in the first quarter. BlackRock Group LTD now owns 47,324,047 shares of the iPhone maker’s stock valued at $5,157,847,000 after buying an additional 1,498,288 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in Apple by 0.8% in the first quarter. TIAA CREF Investment Management LLC now owns 36,623,863 shares of the iPhone maker’s stock valued at $3,991,635,000 after buying an additional 301,502 shares during the period. Franklin Resources Inc. boosted its position in Apple by 13.9% in the first quarter. Franklin Resources Inc. now owns 14,170,724 shares of the iPhone maker’s stock valued at $1,544,480,000 after buying an additional 1,726,014 shares during the period. Prudential Financial Inc. boosted its position in Apple by 1.0% in the first quarter. Prudential Financial Inc. now owns 12,655,593 shares of the iPhone maker’s stock valued at $1,379,333,000 after buying an additional 127,360 shares during the period. Finally, Fisher Asset Management LLC boosted its position in Apple by 0.3% in the first quarter. Fisher Asset Management LLC now owns 11,315,252 shares of the iPhone maker’s stock valued at $1,242,981,000 after buying an additional 38,763 shares during the period. 56.46% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Apple Inc. (NASDAQ:AAPL) traded up 0.22% during mid-day trading on Tuesday, reaching $116.30. The company’s stock had a trading volume of 64,041,043 shares. The firm’s 50 day moving average is $110.55 and its 200-day moving average is $103.27. The company has a market cap of $626.68 billion, a PE ratio of 13.56 and a beta of 1.22. Apple Inc. has a 12-month low of $89.47 and a 12-month high of $123.82.

Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 EPS for the quarter, topping the consensus estimate of $1.38 by $0.04. The firm had revenue of $42.36 billion for the quarter, compared to analyst estimates of $42.35 billion. Apple had a return on equity of 37.89% and a net margin of 21.70%. Apple’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period last year, the company earned $1.85 earnings per share. Equities analysts anticipate that Apple Inc. will post $8.26 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on the stock. Canaccord Genuity upped their price target on shares of Apple from $120.00 to $140.00 and gave the company a “buy” rating in a report on Friday, September 16th. Stifel Nicolaus reiterated a “buy” rating and issued a $120.00 price target on shares of Apple in a report on Friday, September 16th. Piper Jaffray Cos. upgraded shares of Apple to an “overweight” rating and set a $151.00 price target for the company in a report on Friday, September 16th. Credit Agricole SA upped their price target on shares of Apple from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, September 16th. Finally, RBC Capital Markets reiterated an “outperform” rating and issued a $120.00 price target (up previously from $117.00) on shares of Apple in a report on Friday, September 16th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, forty-one have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $126.13.

In related news, COO Jeffrey E. Williams sold 43,769 shares of the firm’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $112.59, for a total transaction of $4,927,951.71. Following the sale, the chief operating officer now directly owns 90,657 shares of the company’s stock, valued at $10,207,071.63. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Angela J. Ahrendts sold 25,000 shares of the stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $100.00, for a total value of $2,500,000.00. Following the transaction, the senior vice president now owns 105,839 shares in the company, valued at approximately $10,583,900. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.

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.

5 Day Chart for NASDAQ:AAPL

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