Apple Inc. (AAPL) is B & T Capital Management DBA Alpha Capital Management’s 4th Largest Position
B & T Capital Management DBA Alpha Capital Management cut its stake in Apple Inc. (NASDAQ:AAPL) by 0.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,703 shares of the iPhone maker’s stock after selling 2 shares during the period. Apple comprises about 3.0% of B & T Capital Management DBA Alpha Capital Management’s holdings, making the stock its 4th largest position. B & T Capital Management DBA Alpha Capital Management’s holdings in Apple were worth $4,367,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Tyers Asset Management LLC purchased a new stake in Apple during the fourth quarter valued at approximately $139,240,000. Sumitomo Mitsui Financial Group Inc. purchased a new stake in Apple during the fourth quarter valued at approximately $1,843,000. American Trust Investment Advisors LLC boosted its stake in Apple by 4.5% in the fourth quarter. American Trust Investment Advisors LLC now owns 43,950 shares of the iPhone maker’s stock valued at $5,090,000 after buying an additional 1,903 shares during the last quarter. Integre Asset Management LLC boosted its stake in Apple by 3.6% in the fourth quarter. Integre Asset Management LLC now owns 52,977 shares of the iPhone maker’s stock valued at $6,136,000 after buying an additional 1,821 shares during the last quarter. Finally, Parallel Advisors LLC purchased a new stake in Apple during the fourth quarter valued at approximately $10,885,000. 58.76% of the stock is owned by hedge funds and other institutional investors.
Shares of Apple Inc. (NASDAQ:AAPL) opened at 142.44 on Friday. The firm has a market cap of $747.32 billion, a PE ratio of 17.10 and a beta of 1.26. Apple Inc. has a 52-week low of $89.47 and a 52-week high of $145.46. The firm has a 50-day moving average of $141.36 and a 200 day moving average of $124.37.
Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, January 31st. The iPhone maker reported $3.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.14. Apple had a net margin of 20.73% and a return on equity of 34.94%. The business had revenue of $78.35 billion for the quarter, compared to analysts’ expectations of $77.37 billion. During the same quarter in the previous year, the firm posted $3.28 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts predict that Apple Inc. will post $8.95 earnings per share for the current year.
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Several brokerages have recently issued reports on AAPL. Rosenblatt Securities reissued a “neutral” rating and set a $120.00 price objective on shares of Apple in a research note on Wednesday, March 29th. Drexel Hamilton reissued a “buy” rating and set a $185.00 price objective on shares of Apple in a research note on Thursday, March 30th. Canaccord Genuity boosted their price objective on shares of Apple from $154.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, March 31st. Vetr cut shares of Apple from a “buy” rating to a “hold” rating and set a $147.61 price objective for the company. in a research note on Tuesday, March 28th. Finally, UBS Group AG boosted their price objective on shares of Apple from $165.00 to $200.00 in a research note on Sunday, April 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Apple has a consensus rating of “Buy” and a consensus price target of $147.25.
In other Apple news, CEO Timothy D. Cook sold 30,000 shares of the business’s stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $120.14, for a total transaction of $3,604,200.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel J. Riccio sold 11,949 shares of the business’s stock in a transaction on Thursday, April 6th. The shares were sold at an average price of $143.98, for a total transaction of $1,720,417.02. Following the sale, the insider now directly owns 35,847 shares in the company, valued at approximately $5,161,251.06. The disclosure for this sale can be found here. Insiders have sold a total of 436,644 shares of company stock worth $57,294,327 in the last three months. Insiders own 0.08% of the company’s stock.
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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