Centre Asset Management LLC Grows Holdings in Apple Inc. (AAPL)
Centre Asset Management LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,878 shares of the iPhone maker’s stock after acquiring an additional 3,870 shares during the quarter. Apple makes up 6.0% of Centre Asset Management LLC’s investment portfolio, making the stock its largest holding. Centre Asset Management LLC’s holdings in Apple were worth $22,450,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in AAPL. Canada Pension Plan Investment Board grew its stake in Apple by 23.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock valued at $1,334,527,000 after acquiring an additional 1,749,797 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in Apple during the 1st quarter valued at about $190,134,000. State of Wisconsin Investment Board grew its stake in Apple by 15.5% during the 1st quarter. State of Wisconsin Investment Board now owns 5,578,551 shares of the iPhone maker’s stock valued at $801,415,000 after acquiring an additional 749,158 shares in the last quarter. Achmea Investment Management B.V. purchased a new position in Apple during the 1st quarter valued at about $84,453,000. Finally, Schwab Charles Investment Management Inc. grew its stake in Apple by 2.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 17,637,648 shares of the iPhone maker’s stock valued at $2,533,825,000 after acquiring an additional 471,057 shares in the last quarter. 60.35% of the stock is currently owned by institutional investors.
Several research firms have weighed in on AAPL. Barclays PLC reaffirmed a “hold” rating and set a $146.00 target price on shares of Apple in a research note on Monday, September 4th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $190.00 target price on shares of Apple in a research note on Tuesday, September 5th. Robert W. Baird reaffirmed a “buy” rating and set a $172.00 target price on shares of Apple in a research note on Tuesday, September 5th. Royal Bank Of Canada lifted their target price on Apple from $176.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, September 1st. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $175.00 target price on shares of Apple in a research note on Wednesday, September 6th. Eleven equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $187.63.
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Shares of Apple Inc. (NASDAQ AAPL) traded up 0.034% during mid-day trading on Monday, reaching $159.935. The company’s stock had a trading volume of 11,077,922 shares. Apple Inc. has a 12 month low of $104.08 and a 12 month high of $164.94. The company has a market cap of $826.10 billion, a P/E ratio of 18.158 and a beta of 1.27. The company has a 50-day moving average of $158.97 and a 200-day moving average of $149.42.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The company had revenue of $45.41 billion during the quarter, compared to analyst estimates of $44.94 billion. During the same period in the previous year, the business earned $1.42 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Equities research analysts forecast that Apple Inc. will post $9.01 earnings per share for the current fiscal year.
In related news, SVP D Bruce Sewell sold 31,625 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $158.13, for a total value of $5,000,861.25. Following the completion of the transaction, the senior vice president now directly owns 112,430 shares in the company, valued at approximately $17,778,555.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 268,623 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $160.63, for a total transaction of $43,148,912.49. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 432,930 shares of company stock valued at $69,008,577. 0.08% of the stock is owned by company 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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