Pathstone Family Office LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 66,471 shares of the iPhone maker’s stock after acquiring an additional 2,332 shares during the period. Apple makes up approximately 2.4% of Pathstone Family Office LLC’s investment portfolio, making the stock its 12th largest holding. Pathstone Family Office LLC’s holdings in Apple were worth $16,904,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Orser Capital Management LLC boosted its position in Apple by 7.2% in the fourth quarter. Orser Capital Management LLC now owns 12,323 shares of the iPhone maker’s stock valued at $3,592,000 after buying an additional 826 shares during the last quarter. Quadrant Capital Group LLC boosted its position in Apple by 22.9% in the fourth quarter. Quadrant Capital Group LLC now owns 55,530 shares of the iPhone maker’s stock valued at $16,262,000 after buying an additional 10,344 shares during the last quarter. Levin Capital Strategies L.P. boosted its position in Apple by 0.5% in the fourth quarter. Levin Capital Strategies L.P. now owns 94,239 shares of the iPhone maker’s stock valued at $27,673,000 after buying an additional 480 shares during the last quarter. Natixis Advisors L.P. boosted its position in Apple by 5.7% in the fourth quarter. Natixis Advisors L.P. now owns 559,430 shares of the iPhone maker’s stock valued at $164,276,000 after buying an additional 29,980 shares during the last quarter. Finally, Bogart Wealth LLC boosted its position in Apple by 2.0% in the fourth quarter. Bogart Wealth LLC now owns 8,366 shares of the iPhone maker’s stock valued at $2,457,000 after buying an additional 168 shares during the last quarter. Institutional investors and hedge funds own 62.04% of the company’s stock.

In other Apple news, SVP Deirdre O’brien sold 9,137 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $285.12, for a total value of $2,605,141.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Luca Maestri sold 41,062 shares of the firm’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $264.44, for a total value of $10,858,435.28. Following the completion of the sale, the chief financial officer now directly owns 65,427 shares of the company’s stock, valued at $17,301,515.88. The disclosure for this sale can be found here. Insiders sold a total of 54,690 shares of company stock valued at $14,836,116 over the last ninety days. Corporate insiders own 0.05% of the company’s stock.

A number of brokerages recently commented on AAPL. Goldman Sachs Group reiterated a “sell” rating and issued a $263.00 target price on shares of Apple in a research report on Tuesday, June 23rd. Bank of America reiterated a “buy” rating and issued a $390.00 target price (up previously from $340.00) on shares of Apple in a research report on Thursday, June 11th. Nomura Securities upped their price objective on Apple from $225.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Royal Bank of Canada upgraded Apple to an “outperform” rating and upped their price objective for the stock from $345.00 to $390.00 in a research report on Wednesday, June 17th. They noted that the move was a valuation call. Finally, Daiwa Capital Markets upped their price objective on Apple from $297.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $326.64.

NASDAQ AAPL opened at $364.11 on Friday. The business has a fifty day moving average price of $335.25 and a 200 day moving average price of $301.11. Apple Inc. has a one year low of $192.58 and a one year high of $372.38. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.46 and a current ratio of 1.50. The company has a market cap of $1,578.17 billion, a P/E ratio of 28.56, a P/E/G ratio of 2.69 and a beta of 1.18.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, April 30th. The iPhone maker reported $2.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.26 by $0.29. Apple had a return on equity of 64.49% and a net margin of 21.35%. The firm had revenue of $58.31 billion during the quarter, compared to the consensus estimate of $54.64 billion. During the same period in the prior year, the company earned $2.46 EPS. The firm’s revenue was up .5% compared to the same quarter last year. As a group, sell-side analysts predict that Apple Inc. will post 12.32 EPS for the current fiscal year.

Apple Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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