Bainco International Investors boosted its position in Apple Inc. (NASDAQ:AAPL) by 9.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 144,316 shares of the iPhone maker’s stock after buying an additional 12,583 shares during the period. Apple comprises about 3.0% of Bainco International Investors’ investment portfolio, making the stock its 6th largest position. Bainco International Investors’ holdings in Apple were worth $13,797,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Quotient Investors LLC boosted its stake in shares of Apple by 10.9% in the first quarter. Quotient Investors LLC now owns 99,881 shares of the iPhone maker’s stock worth $10,886,000 after buying an additional 9,778 shares during the last quarter. TNB Financial boosted its stake in shares of Apple by 10.5% in the first quarter. TNB Financial now owns 98,185 shares of the iPhone maker’s stock worth $10,701,000 after buying an additional 9,326 shares during the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of Apple by 16.2% in the first quarter. Koshinski Asset Management Inc. now owns 31,170 shares of the iPhone maker’s stock worth $3,397,000 after buying an additional 4,354 shares during the last quarter. Burke & Herbert Bank & Trust Co. boosted its stake in shares of Apple by 5.4% in the first quarter. Burke & Herbert Bank & Trust Co. now owns 20,175 shares of the iPhone maker’s stock worth $2,199,000 after buying an additional 1,034 shares during the last quarter. Finally, Gierl Augustine Investment Management Inc boosted its stake in shares of Apple by 27.5% in the first quarter. Gierl Augustine Investment Management Inc now owns 8,521 shares of the iPhone maker’s stock worth $929,000 after buying an additional 1,837 shares during the last quarter. Institutional investors and hedge funds own 56.46% of the company’s stock.
Shares of Apple Inc. (NASDAQ:AAPL) traded up 0.34% during mid-day trading on Friday, hitting $117.38. The stock had a trading volume of 17,928,615 shares. The firm has a market capitalization of $632.50 billion, a price-to-earnings ratio of 13.69 and a beta of 1.22. Apple Inc. has a 1-year low of $89.47 and a 1-year high of $123.82. The stock’s 50-day moving average is $111.28 and its 200 day moving average is $103.56.
Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.04. Apple had a net margin of 21.70% and a return on equity of 37.89%. The company earned $42.36 billion during the quarter, compared to analyst estimates of $42.35 billion. During the same period in the previous year, the business earned $1.85 earnings per share. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. Equities research analysts predict that Apple Inc. will post $8.26 EPS for the current fiscal year.
AAPL has been the subject of a number of analyst reports. JPMorgan Chase & Co. set a $105.00 price target on Apple and gave the stock a “buy” rating in a report on Thursday, June 16th. Royal Bank Of Canada restated an “outperform” rating and issued a $115.00 price target (down previously from $120.00) on shares of Apple in a report on Friday, June 17th. Piper Jaffray Cos. reaffirmed a “buy” rating on shares of Apple in a research report on Friday, June 17th. BMO Capital Markets reaffirmed a “buy” rating and issued a $118.00 target price on shares of Apple in a research report on Friday, June 17th. Finally, Vetr raised Apple from a “buy” rating to a “strong-buy” rating and set a $107.09 target price on the stock in a research report on Monday, June 20th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, forty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Apple has a consensus rating of “Buy” and an average price target of $126.74.
In other Apple news, CEO Timothy D. Cook sold 334,000 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $107.23, for a total value of $35,814,820.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Timothy D. Cook sold 110,000 shares of the business’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $106.84, for a total transaction of $11,752,400.00. 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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