Apple Inc. (AAPL) Stake Maintained by Barton Investment Management
Barton Investment Management maintained its stake in Apple Inc. (NASDAQ:AAPL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,985 shares of the iPhone maker’s stock at the end of the 2nd quarter. Apple comprises about 0.2% of Barton Investment Management’s holdings, making the stock its 24th biggest holding. Barton Investment Management’s holdings in Apple were worth $718,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in AAPL. Hefty Wealth Partners boosted its holdings in shares of Apple by 27.6% during the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after acquiring an additional 174 shares during the last quarter. American Beacon Advisors Inc. purchased a new stake in shares of Apple during the 1st quarter valued at about $117,000. State of Alaska Department of Revenue purchased a new stake in shares of Apple during the 2nd quarter valued at about $149,000. Portfolio Solutions LLC purchased a new stake in shares of Apple during the 1st quarter valued at about $169,000. Finally, D. Scott Neal Inc. boosted its holdings in shares of Apple by 19.8% during the 2nd quarter. D. Scott Neal Inc. now owns 1,212 shares of the iPhone maker’s stock valued at $175,000 after acquiring an additional 200 shares during the last quarter. 60.33% of the stock is currently owned by hedge funds and other institutional investors.
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A number of brokerages have recently issued reports on AAPL. KeyCorp raised shares of Apple from a “sector weight” rating to an “overweight” rating and raised their price target for the company from $173.75 to $187.00 in a report on Monday. Pacific Crest raised shares of Apple from a “sector weight” rating to an “overweight” rating and set a $187.00 price target on the stock in a report on Monday. Rosenblatt Securities reaffirmed a “hold” rating and set a $150.00 price target on shares of Apple in a report on Sunday. Barclays PLC raised their price target on shares of Apple to $161.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $196.00 price target on shares of Apple in a report on Wednesday, October 11th. Seven equities research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company’s stock. Apple currently has a consensus rating of “Buy” and a consensus target price of $190.46.
In other news, SVP D Bruce Sewell sold 31,625 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $158.13, for a total transaction of $5,000,861.25. Following the completion of the sale, the senior vice president now directly owns 112,430 shares of the company’s stock, valued at $17,778,555.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Johny Srouji sold 10,469 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $162.20, for a total transaction of $1,698,071.80. Following the sale, the senior vice president now directly owns 76,250 shares of the company’s stock, valued at $12,367,750. The disclosure for this sale can be found here. Insiders have sold 541,177 shares of company stock worth $85,864,804 in the last quarter. Company insiders own 0.08% of the company’s stock.
Apple Inc. (NASDAQ AAPL) traded down 0.02% on Tuesday, hitting $159.85. The stock had a trading volume of 12,001,180 shares. Apple Inc. has a 12-month low of $104.08 and a 12-month high of $164.94. The company’s 50 day moving average price is $157.58 and its 200-day moving average price is $151.69. The company has a market cap of $825.66 billion, a price-to-earnings ratio of 18.15 and a beta of 1.27.
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, beating the Zacks’ consensus estimate 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 analysts’ expectations of $44.94 billion. During the same quarter 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. Equities research analysts anticipate that Apple Inc. will post $9.01 EPS for the current year.
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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