Newman Dignan & Sheerar Inc. raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,371 shares of the iPhone maker’s stock after buying an additional 108 shares during the period. Apple accounts for 1.6% of Newman Dignan & Sheerar Inc.’s portfolio, making the stock its 17th largest position. Newman Dignan & Sheerar Inc.’s holdings in Apple were worth $3,501,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in Apple during the fourth quarter valued at $5,625,709,000. Asset Management One Co. Ltd. increased its position in Apple by 966.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 9,457,769 shares of the iPhone maker’s stock valued at $1,096,072,000 after buying an additional 8,571,027 shares during the period. State Street Corp increased its position in Apple by 2.0% in the fourth quarter. State Street Corp now owns 219,739,579 shares of the iPhone maker’s stock valued at $25,450,260,000 after buying an additional 4,301,005 shares during the period. Glenview Capital Management LLC acquired a new position in Apple during the fourth quarter valued at $365,191,000. Finally, Flinton Capital Management LLC acquired a new position in Apple during the fourth quarter valued at $169,077,000. Hedge funds and other institutional investors own 62.06% of the company’s stock.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Apple Inc. (NASDAQ:AAPL) opened at 142.27 on Friday. Apple Inc. has a one year low of $91.50 and a one year high of $156.65. The firm has a market capitalization of $741.77 billion, a price-to-earnings ratio of 16.69 and a beta of 1.28. The stock’s 50 day moving average price is $151.22 and its 200-day moving average price is $135.17.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.08. Apple had a return on equity of 35.09% and a net margin of 20.74%. The company had revenue of $52.90 billion during the quarter, compared to the consensus estimate of $52.61 billion. On average, equities research analysts expect that Apple Inc. will post $8.94 EPS for the current fiscal year.

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AAPL has been the subject of several recent research reports. Royal Bank Of Canada raised their target price on shares of Apple from $157.00 to $168.00 and gave the company an “outperform” rating in a report on Monday, May 22nd. Rosenblatt Securities set a $120.00 target price on shares of Apple and gave the company a “hold” rating in a report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $170.00 target price (up from $164.00) on shares of Apple in a report on Friday, May 12th. Vetr upgraded 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, Cowen and Company restated an “outperform” rating and set a $160.00 target price on shares of Apple in a report on Thursday, May 25th. Ten research analysts have rated the stock with a hold rating, forty have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $160.63.

In other news, insider Philip W. Schiller sold 47,796 shares of Apple stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $143.32, for a total transaction of $6,850,122.72. Following the completion of the transaction, the insider now directly owns 94,010 shares in the company, valued at approximately $13,473,513.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Luca Maestri sold 6,308 shares of Apple stock in a transaction that occurred on Thursday, April 20th. The stock was sold at an average price of $141.83, for a total value of $894,663.64. Following the transaction, the insider now owns 2,665 shares of the company’s stock, valued at $377,976.95. The disclosure for this sale can be found here. Insiders have sold a total of 447,411 shares of company stock valued at $67,200,745 over the last quarter. 0.08% of the stock is currently owned by corporate insiders.

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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