Apple Inc. (AAPL) Shares Bought by Northstar Wealth Partners LLC
Northstar Wealth Partners LLC grew its position in Apple Inc. (NASDAQ:AAPL) by 17.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,055 shares of the iPhone maker’s stock after purchasing an additional 2,777 shares during the quarter. Apple makes up 2.9% of Northstar Wealth Partners LLC’s investment portfolio, making the stock its 4th largest position. Northstar Wealth Partners LLC’s holdings in Apple were worth $2,969,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. purchased a new position in shares of Apple in the 2nd quarter valued at $400,000. Blue Sky Asset Management LLC purchased a new position in shares of Apple in the 2nd quarter valued at $108,000. FNY Managed Accounts LLC grew its position in shares of Apple by 852.4% in the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 716 shares during the last quarter. Armbruster Capital Management Inc. grew its position in shares of Apple by 9.4% in the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after buying an additional 78 shares during the last quarter. Finally, Crow Point Partners LLC grew its position in shares of Apple by 100.0% in the 3rd quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock valued at $153,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 60.19% of the company’s stock.
Shares of Apple Inc. (NASDAQ:AAPL) opened at $176.19 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. Apple Inc. has a 52 week low of $118.22 and a 52 week high of $179.39. The company has a market cap of $904,610.00, a PE ratio of 19.17, a P/E/G ratio of 1.45 and a beta of 1.23.
A number of research analysts recently commented on AAPL shares. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $150.00 target price on shares of Apple in a research report on Thursday, September 21st. Vetr raised shares of Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 target price on the stock in a research report on Friday, September 22nd. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $196.00 target price (up from $190.00) on shares of Apple in a research report on Friday, September 22nd. Maxim Group reissued a “buy” rating and set a $182.00 price objective on shares of Apple in a research report on Friday, September 22nd. Finally, Citigroup reissued a “buy” rating and set a $170.00 price objective on shares of Apple in a research report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, forty have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $198.94.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total transaction of $2,695,726.35. Following the completion of the transaction, the insider now owns 39,682 shares in the company, valued at $6,839,192.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Johny Srouji sold 5,760 shares of Apple stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the transaction, the senior vice president now owns 81,560 shares of the company’s stock, valued at approximately $14,224,064. The disclosure for this sale can be found here. Insiders sold 128,412 shares of company stock valued at $22,115,155 in the last quarter. Company insiders own 0.06% of the company’s stock.
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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