Apple Inc. (AAPL) Position Held by Telemark Asset Management LLC
Telemark Asset Management LLC continued to hold its position in shares of Apple Inc. (NASDAQ:AAPL) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 100,000 shares of the iPhone maker’s stock at the end of the fourth quarter. Apple makes up about 2.5% of Telemark Asset Management LLC’s holdings, making the stock its 14th largest position. Telemark Asset Management LLC’s holdings in Apple were worth $11,582,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Armbruster Capital Management Inc. increased its position in shares of Apple by 35.1% in the third quarter. Armbruster Capital Management Inc. now owns 1,024 shares of the iPhone maker’s stock valued at $116,000 after buying an additional 266 shares in the last quarter. Weaver C. Barksdale & Associates Inc. bought a new position in shares of Apple during the third quarter worth $122,000. D. Scott Neal Inc. increased its position in shares of Apple by 701.3% in the third quarter. D. Scott Neal Inc. now owns 1,202 shares of the iPhone maker’s stock worth $136,000 after buying an additional 1,052 shares during the period. Welch Investments LLC bought a new position in shares of Apple during the fourth quarter worth $146,000. Finally, Isthmus Partners LLC increased its position in shares of Apple by 80.5% in the third quarter. Isthmus Partners LLC now owns 1,343 shares of the iPhone maker’s stock worth $158,000 after buying an additional 599 shares during the period. Hedge funds and other institutional investors own 58.76% of the company’s stock.
Apple Inc. (NASDAQ:AAPL) opened at 142.44 on Friday. The firm’s 50-day moving average price is $141.36 and its 200 day moving average price is $124.37. Apple Inc. has a 12-month low of $89.47 and a 12-month high of $145.46. The company has a market capitalization of $747.32 billion, a price-to-earnings ratio of 17.10 and a beta of 1.26.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, January 31st. The iPhone maker reported $3.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 last year, the firm earned $3.28 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts expect that Apple Inc. will post $8.95 earnings per share for the current year.
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A number of research analysts recently weighed in on AAPL shares. Barclays PLC downgraded shares of Apple from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $119.00 to $117.00 in a research report on Tuesday, January 24th. Bank of America Corp upped their target price on shares of Apple from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, January 19th. Brean Capital reaffirmed a “buy” rating on shares of Apple in a report on Friday, January 6th. Vetr raised shares of Apple from a “hold” rating to a “buy” rating and set a $146.43 target price for the company in a report on Monday, March 27th. Finally, Instinet reaffirmed a “buy” rating and set a $135.00 target price on shares of Apple in a report on Monday, March 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $147.25.
In related news, CEO Timothy D. Cook sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, January 24th. The shares were sold at an average price of $120.14, for a total value of $3,604,200.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 8,571 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $127.99, for a total transaction of $1,097,002.29. The disclosure for this sale can be found here. In the last ninety days, insiders sold 436,644 shares of company stock worth $57,294,327. 0.08% of the stock is owned by insiders.
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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