Apple Inc. (AAPL) Position Increased by Sageworth Trust Co
Sageworth Trust Co raised its position in Apple Inc. (NASDAQ:AAPL) by 69.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,833 shares of the iPhone maker’s stock after purchasing an additional 751 shares during the quarter. Sageworth Trust Co’s holdings in Apple were worth $264,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Hefty Wealth Partners raised its position in Apple by 27.6% in the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 174 shares during the period. American Beacon Advisors Inc. purchased a new stake in Apple in the 1st quarter worth about $117,000. State of Alaska Department of Revenue purchased a new stake in Apple in the 2nd quarter worth about $149,000. Portfolio Solutions LLC purchased a new stake in Apple in the 1st quarter worth about $169,000. Finally, D. Scott Neal Inc. raised its position in Apple by 19.8% in the 2nd quarter. D. Scott Neal Inc. now owns 1,212 shares of the iPhone maker’s stock worth $175,000 after purchasing an additional 200 shares during the period. 60.35% of the stock is currently owned by institutional investors.
In other Apple news, Director Arthur D. Levinson sold 35,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were 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 in the company, valued at $184,098,035.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel J. Riccio sold 11,949 shares of the business’s stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $142.86, for a total transaction of $1,707,034.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 432,930 shares of company stock worth $69,008,577. 0.08% of the stock is owned by company insiders.
Apple Inc. (AAPL) traded down 0.6643% during trading on Thursday, reaching $153.2055. 13,507,522 shares of the company’s stock traded hands. The stock has a market capitalization of $791.34 billion, a P/E ratio of 17.3939 and a beta of 1.27. The company has a 50-day moving average of $159.51 and a 200 day moving average of $149.86. Apple Inc. has a 12 month low of $104.08 and a 12 month high of $164.94.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.10. The business had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.42 earnings per share. On average, equities research analysts expect that Apple Inc. will post $9.01 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the stock. UBS AG reissued a “buy” rating and issued a $170.00 price objective on shares of Apple in a research report on Wednesday, May 31st. Deutsche Bank AG reissued a “hold” rating and issued a $130.00 price objective on shares of Apple in a research report on Tuesday, June 6th. Credit Suisse Group reissued an “outperform” rating and issued a $170.00 price objective on shares of Apple in a research report on Tuesday, June 6th. BMO Capital Markets reissued an “outperform” rating and issued a $170.00 price objective on shares of Apple in a research report on Tuesday, July 25th. Finally, Mizuho reissued a “neutral” rating and issued a $150.00 price objective on shares of Apple in a research report on Wednesday. Ten analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Apple has an average rating of “Buy” and a consensus target price of $188.96.
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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