Apple Inc. (AAPL) Shares Bought by First Midwest Bank Trust Division
First Midwest Bank Trust Division grew its position in Apple Inc. (NASDAQ:AAPL) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,535 shares of the iPhone maker’s stock after buying an additional 7,779 shares during the quarter. Apple accounts for approximately 2.3% of First Midwest Bank Trust Division’s holdings, making the stock its 2nd biggest holding. First Midwest Bank Trust Division’s holdings in Apple were worth $18,512,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Hefty Wealth Partners increased its position in shares of Apple by 27.6% in the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 174 shares in the last quarter. American Beacon Advisors Inc. purchased a new position in shares of Apple in the first quarter valued at $117,000. State of Alaska Department of Revenue purchased a new position in shares of Apple in the second quarter valued at $149,000. Portfolio Solutions LLC purchased a new position in shares of Apple in the first quarter valued at $169,000. Finally, D. Scott Neal Inc. increased its position in shares of Apple by 19.8% in the second quarter. D. Scott Neal Inc. now owns 1,212 shares of the iPhone maker’s stock valued at $175,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 60.36% of the company’s stock.
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A number of brokerages have recently weighed in on AAPL. UBS AG set a $170.00 price target on Apple and gave the company a “buy” rating in a research report on Monday, June 12th. BMO Capital Markets reiterated an “outperform” rating and set a $170.00 price objective on shares of Apple in a research report on Tuesday, July 25th. Drexel Hamilton reiterated a “buy” rating and set a $208.00 price objective on shares of Apple in a research report on Monday. Nomura reiterated a “buy” rating and set a $165.00 price objective on shares of Apple in a research report on Wednesday, July 5th. Finally, Barclays PLC reiterated a “hold” rating and set a $146.00 price objective on shares of Apple in a research report on Tuesday, August 15th. Nine investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Apple has an average rating of “Buy” and an average price target of $189.61.
Apple Inc. (NASDAQ:AAPL) traded up 0.44% during trading on Monday, hitting $155.99. 10,422,879 shares of the company’s stock were exchanged. Apple Inc. has a 52-week low of $104.08 and a 52-week high of $164.94. The firm has a 50 day moving average price of $158.00 and a 200 day moving average price of $151.02. The company has a market cap of $805.72 billion, a price-to-earnings ratio of 17.71 and a beta of 1.27.
Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.10. The firm had revenue of $45.41 billion during the quarter, compared to analyst estimates of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business earned $1.42 EPS. On average, equities research analysts predict that Apple Inc. will post $9.01 earnings per share for the current year.
In other news, insider Angela J. Ahrendts sold 63,388 shares of the firm’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $154.21, for a total value of $9,775,063.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Philip W. Schiller sold 56,808 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $154.70, for a total transaction of $8,788,197.60. The disclosure for this sale can be found here. Insiders sold a total of 541,177 shares of company stock valued at $85,864,804 in the last 90 days. Company insiders own 0.08% of the company’s stock.
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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