Consolidated Investment Group LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,757 shares of the iPhone maker’s stock after buying an additional 1,000 shares during the period. Apple comprises about 1.8% of Consolidated Investment Group LLC’s portfolio, making the stock its 16th largest position. Consolidated Investment Group LLC’s holdings in Apple were worth $3,514,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. River & Mercantile Asset Management LLP boosted its position in Apple by 22.8% in the second quarter. River & Mercantile Asset Management LLP now owns 1,800 shares of the iPhone maker’s stock worth $172,000 after buying an additional 334 shares during the last quarter. Smith Affiliated Capital Corp. boosted its position in Apple by 158.0% in the second quarter. Smith Affiliated Capital Corp. now owns 1,935 shares of the iPhone maker’s stock worth $185,000 after buying an additional 1,185 shares during the last quarter. Capital Advisors Ltd. LLC boosted its position in Apple by 5.4% in the second quarter. Capital Advisors Ltd. LLC now owns 2,088 shares of the iPhone maker’s stock worth $200,000 after buying an additional 107 shares during the last quarter. Hutchinson Capital Management CA bought a new position in Apple during the first quarter worth $229,000. Finally, Acrospire Investment Management LLC bought a new position in Apple during the first quarter worth $240,000. 56.45% of the stock is currently owned by hedge funds and other institutional investors.
Apple Inc. (NASDAQ:AAPL) traded down 1.67% during mid-day trading on Friday, hitting $112.71. The stock had a trading volume of 52,481,151 shares. The firm’s 50-day moving average is $109.06 and its 200 day moving average is $102.56. Apple Inc. has a one year low of $89.47 and a one year high of $123.82. The stock has a market cap of $607.33 billion, a PE ratio of 13.14 and a beta of 1.14.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.04. The firm had revenue of $42.36 billion for the quarter, compared to analyst estimates of $42.35 billion. Apple had a net margin of 21.70% and a return on equity of 37.89%. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.85 earnings per share. Equities research analysts expect that Apple Inc. will post $8.26 EPS for the current year.
A number of research firms have recently weighed in on AAPL. Raymond James Financial Inc. reaffirmed a “hold” rating on shares of Apple in a research report on Saturday, July 9th. Barclays PLC reissued a “buy” rating on shares of Apple in a report on Sunday, July 17th. Credit Suisse Group AG reissued a “buy” rating and issued a $150.00 price target on shares of Apple in a report on Sunday, July 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $120.00 price target on shares of Apple in a report on Friday, June 3rd. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $135.00 price target on shares of Apple in a report on Wednesday, June 1st. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, forty-two have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $126.89.
In related news, insider Daniel J. Riccio sold 22,381 shares of the firm’s stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $113.06, for a total value of $2,530,395.86. Following the completion of the transaction, the insider now owns 47,043 shares of the company’s stock, valued at approximately $5,318,681.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Angela J. Ahrendts sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $100.00, for a total transaction of $2,500,000.00. Following the completion of the transaction, the senior vice president now directly owns 105,839 shares of the company’s stock, valued at approximately $10,583,900. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by company insiders.
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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