Needelman Asset Management Inc. increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,081 shares of the iPhone maker’s stock after buying an additional 60 shares during the quarter. Apple comprises about 2.3% of Needelman Asset Management Inc.’s portfolio, making the stock its 26th biggest position. Needelman Asset Management Inc.’s holdings in Apple were worth $876,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Saratoga Research & Investment Management raised its stake in Apple by 0.6% during the 1st quarter. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker’s stock worth $95,840,000 after buying an additional 4,137 shares during the period. Pinnacle Bank acquired a new position in Apple during the 1st quarter worth approximately $1,924,000. Green Square Capital LLC raised its stake in Apple by 6.7% during the 1st quarter. Green Square Capital LLC now owns 87,456 shares of the iPhone maker’s stock worth $12,564,000 after buying an additional 5,491 shares during the period. Perigon Wealth Management LLC raised its stake in Apple by 5.9% during the 4th quarter. Perigon Wealth Management LLC now owns 147,469 shares of the iPhone maker’s stock worth $20,613,000 after buying an additional 8,233 shares during the period. Finally, Nicolet Bankshares Inc. raised its stake in Apple by 3.1% during the 1st quarter. Nicolet Bankshares Inc. now owns 27,684 shares of the iPhone maker’s stock worth $3,977,000 after buying an additional 844 shares during the period. 60.35% of the stock is currently owned by institutional investors and hedge funds.

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In other Apple news, insider Daniel J. Riccio sold 11,949 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $142.86, for a total transaction of $1,707,034.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arthur D. Levinson sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $157.58, for a total value of $5,515,300.00. Following the sale, the director now directly owns 1,168,283 shares of the company’s stock, valued at approximately $184,098,035.14. The disclosure for this sale can be found here. In the last three months, insiders sold 432,930 shares of company stock valued at $69,008,577. 0.08% of the stock is currently owned by company insiders.

Shares of Apple Inc. (AAPL) traded up 0.45% on Tuesday, reaching $159.38. 10,846,845 shares of the company’s stock were exchanged. The company has a market capitalization of $823.23 billion, a P/E ratio of 18.09 and a beta of 1.27. The firm’s 50 day moving average price is $159.23 and its 200-day moving average price is $149.72. Apple Inc. has a 12 month low of $104.08 and a 12 month high of $164.94.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.10. The business had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.42 EPS. On average, equities analysts anticipate that Apple Inc. will post $9.01 EPS for the current year.

Several brokerages have recently commented on AAPL. UBS AG reissued a “buy” rating and issued a $170.00 price objective on shares of Apple in a research note on Wednesday, May 31st. Canaccord Genuity reissued a “buy” rating and issued a $180.00 price objective on shares of Apple in a research note on Wednesday, September 13th. Royal Bank Of Canada reissued an “outperform” rating and issued a $160.08 price objective (down from $176.00) on shares of Apple in a research note on Wednesday, August 9th. Instinet reissued a “buy” rating and issued a $185.00 price objective on shares of Apple in a research note on Wednesday, September 13th. Finally, Loop Capital reissued a “buy” rating and issued a $180.00 price objective on shares of Apple in a research note on Saturday. Eleven investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. Apple has an average rating of “Buy” and a consensus target price of $188.11.

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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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