Apple Inc. (AAPL) Holdings Maintained by Horrell Capital Management Inc.
Horrell Capital Management Inc. continued to hold its stake in shares of Apple Inc. (NASDAQ:AAPL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,359 shares of the iPhone maker’s stock at the close of the second quarter. Horrell Capital Management Inc.’s holdings in Apple were worth $340,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Hefty Wealth Partners grew its position in Apple by 27.6% during the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 174 shares during the last quarter. American Beacon Advisors Inc. bought a new position in Apple during the 1st quarter worth approximately $117,000. State of Alaska Department of Revenue bought a new position in Apple during the 2nd quarter worth approximately $149,000. Portfolio Solutions LLC bought a new position in Apple during the 1st quarter worth approximately $169,000. Finally, Fox Run Management L.L.C. bought a new position in Apple during the 1st quarter worth approximately $201,000. Hedge funds and other institutional investors own 60.33% of the company’s stock.
In other Apple news, CEO Timothy D. Cook sold 268,623 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $160.63, for a total transaction of $43,148,912.49. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Arthur D. Levinson sold 35,000 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $157.58, for a total transaction of $5,515,300.00. Following the transaction, the director now owns 1,168,283 shares in the company, valued at $184,098,035.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 541,177 shares of company stock worth $85,864,804. Company insiders own 0.08% of the company’s stock.
Apple Inc. (NASDAQ:AAPL) traded up 1.57% during midday trading on Monday, hitting $159.45. The stock had a trading volume of 15,018,164 shares. The stock has a market cap of $823.60 billion, a price-to-earnings ratio of 18.10 and a beta of 1.27. Apple Inc. has a 12 month low of $104.08 and a 12 month high of $164.94. The stock has a 50 day moving average of $157.58 and a 200 day moving average of $151.69.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) 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 business had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. During the same period in the previous year, the business posted $1.42 earnings per share. The business’s revenue was up 7.2% compared to the same quarter last year. Analysts expect that Apple Inc. will post $9.01 EPS for the current fiscal year.
AAPL has been the topic of several recent research reports. Oppenheimer Holdings, Inc. restated a “” rating on shares of Apple in a research report on Thursday, August 10th. UBS AG restated a “buy” rating and set a $170.00 price target on shares of Apple in a research report on Friday, June 23rd. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $170.00 price target on shares of Apple in a research report on Wednesday, June 21st. Maxim Group raised their price target on Apple from $171.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, June 19th. Finally, Canaccord Genuity restated a “buy” rating and set a $180.00 price target on shares of Apple in a research report on Monday, July 10th. Seven research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the stock. Apple currently has a consensus rating of “Buy” and a consensus price target of $190.46.
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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