Handelsinvest Investeringsforvaltning Has $1.15 Million Holdings in Apple Inc. (AAPL)
Handelsinvest Investeringsforvaltning cut its holdings in Apple Inc. (NASDAQ:AAPL) by 72.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,947 shares of the iPhone maker’s stock after selling 20,978 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Apple were worth $1,145,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of AAPL. Canada Pension Plan Investment Board lifted its stake in Apple by 23.2% in the first 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 during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Apple in the first quarter worth $190,134,000. State of Wisconsin Investment Board lifted its stake in shares of Apple by 15.5% in the first quarter. State of Wisconsin Investment Board now owns 5,578,551 shares of the iPhone maker’s stock worth $801,415,000 after buying an additional 749,158 shares during the last quarter. Achmea Investment Management B.V. acquired a new stake in shares of Apple in the first quarter worth $84,453,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Apple by 2.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 17,637,648 shares of the iPhone maker’s stock worth $2,533,825,000 after buying an additional 471,057 shares during the last quarter. Hedge funds and other institutional investors own 60.36% of the company’s stock.
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In other news, insider Johny Srouji sold 5,892 shares of Apple stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $161.00, for a total value of $948,612.00. Following the sale, the insider now directly owns 70,358 shares in the company, valued at approximately $11,327,638. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $160.63, for a total value of $43,148,912.49. The disclosure for this sale can be found here. Over the last quarter, insiders sold 420,981 shares of company stock worth $67,301,543. Corporate insiders own 0.08% of the company’s stock.
Shares of Apple Inc. (NASDAQ AAPL) traded up 1.04% during trading on Thursday, reaching $155.07. The company’s stock had a trading volume of 11,353,557 shares. The stock has a market cap of $800.97 billion, a price-to-earnings ratio of 17.61 and a beta of 1.27. Apple Inc. has a 52-week low of $104.08 and a 52-week high of $164.94. The stock’s 50 day moving average price is $158.23 and its 200-day moving average price is $150.89.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.10. The firm had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $1.42 EPS. Equities analysts anticipate that Apple Inc. will post $9.01 EPS for the current year.
AAPL has been the subject of a number of analyst reports. Oppenheimer Holdings, Inc. restated a “” rating on shares of Apple in a research note on Thursday, August 10th. Longbow Research restated a “buy” rating and issued a $173.00 price objective on shares of Apple in a research note on Tuesday, June 13th. Drexel Hamilton restated a “buy” rating and issued a $202.00 price objective on shares of Apple in a research note on Tuesday, June 13th. Argus boosted their price objective on shares of Apple from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, June 7th. Finally, UBS AG set a $170.00 price objective on shares of Apple and gave the stock a “buy” rating in a research note on Monday, June 12th. Nine equities research 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 presently has a consensus rating of “Buy” and an average price target of $189.60.
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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