Cordasco Financial Network grew its stake in Apple Inc. (NASDAQ:AAPL) by 4.3% during the third quarter, HoldingsChannel.com reports. The firm owned 2,576 shares of the iPhone maker’s stock after purchasing an additional 107 shares during the period. Apple makes up approximately 0.6% of Cordasco Financial Network’s holdings, making the stock its 27th biggest holding. Cordasco Financial Network’s holdings in Apple were worth $577,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Centaurus Financial Inc. grew its position in shares of Apple by 17.9% during the 1st quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock valued at $44,000 after buying an additional 1,262 shares during the last quarter. Avondale Wealth Management grew its position in shares of Apple by 25.4% during the 2nd quarter. Avondale Wealth Management now owns 316 shares of the iPhone maker’s stock valued at $63,000 after buying an additional 64 shares during the last quarter. NuWave Investment Management LLC grew its position in shares of Apple by 2,245.0% during the 2nd quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker’s stock valued at $93,000 after buying an additional 449 shares during the last quarter. Horan Securities Inc. grew its position in shares of Apple by 64.2% during the 2nd quarter. Horan Securities Inc. now owns 565 shares of the iPhone maker’s stock valued at $112,000 after buying an additional 221 shares during the last quarter. Finally, Belvedere Advisors LLC bought a new stake in shares of Apple during the 2nd quarter valued at about $119,000. Institutional investors and hedge funds own 58.65% of the company’s stock.

In related news, insider Chris Kondo sold 3,932 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $233.26, for a total transaction of $917,178.32. Following the completion of the sale, the insider now directly owns 15,464 shares of the company’s stock, valued at $3,607,132.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Arthur D. Levinson sold 17,500 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $201.69, for a total transaction of $3,529,575.00. Following the sale, the director now directly owns 1,150,783 shares of the company’s stock, valued at $232,101,423.27. The disclosure for this sale can be found here. Over the last three months, insiders have sold 450,140 shares of company stock valued at $95,606,404. Company insiders own 0.05% of the company’s stock.

Several research analysts have commented on AAPL shares. Macquarie set a $210.00 target price on shares of Apple and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Canaccord Genuity restated a “buy” rating and issued a $260.00 target price (up previously from $240.00) on shares of Apple in a research report on Wednesday, October 9th. Jefferies Financial Group upgraded shares of Apple from a “hold” rating to a “buy” rating and upped their target price for the stock from $210.00 to $260.00 in a research report on Tuesday, September 24th. ValuEngine cut shares of Apple from a “buy” rating to a “hold” rating in a research report on Monday, October 7th. Finally, Credit Suisse Group set a $209.00 target price on shares of Apple and gave the stock a “neutral” rating in a research report on Friday, October 4th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $223.65.

Apple stock opened at $236.41 on Monday. The firm has a 50 day simple moving average of $220.99 and a 200-day simple moving average of $204.27. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.50 and a quick ratio of 1.47. The stock has a market capitalization of $1,063.27 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24. Apple Inc. has a 12-month low of $142.00 and a 12-month high of $238.13.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.08. Apple had a net margin of 21.50% and a return on equity of 52.13%. The business had revenue of $53.81 billion during the quarter, compared to analysts’ expectations of $53.39 billion. During the same period last year, the firm posted $2.34 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. On average, analysts forecast that Apple Inc. will post 11.68 earnings per share for the current fiscal year.

Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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