Kessler Investment Group LLC decreased its stake in Apple Inc. (NASDAQ:AAPL) by 2.1% during the second quarter, Holdings Channel reports. The firm owned 4,760 shares of the iPhone maker’s stock after selling 100 shares during the period. Kessler Investment Group LLC’s holdings in Apple were worth $455,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the company. NN Investment Partners Holdings N.V. purchased a new position in Apple during the first quarter valued at approximately $325,287,000. Virginia Retirement System purchased a new position in Apple during the first quarter valued at approximately $193,992,000. Franklin Resources Inc. raised its position in Apple by 13.9% in the first quarter. Franklin Resources Inc. now owns 14,170,724 shares of the iPhone maker’s stock valued at $1,544,480,000 after buying an additional 1,726,014 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Apple by 34.8% in the second quarter. BNP Paribas Arbitrage SA now owns 5,887,600 shares of the iPhone maker’s stock valued at $562,855,000 after buying an additional 1,521,440 shares in the last quarter. Finally, BlackRock Group LTD raised its position in Apple by 3.3% in the first quarter. BlackRock Group LTD now owns 47,324,047 shares of the iPhone maker’s stock valued at $5,157,847,000 after buying an additional 1,498,288 shares in the last quarter. 56.46% of the stock is owned by institutional investors.
Apple Inc. (NASDAQ:AAPL) traded up 0.56% on Friday, reaching $117.63. 35,652,191 shares of the company’s stock traded hands. The firm’s 50-day moving average is $111.56 and its 200 day moving average is $103.65. The firm has a market cap of $633.84 billion, a PE ratio of 13.72 and a beta of 1.22. Apple Inc. has a 12 month low of $89.47 and a 12 month high of $123.82.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, July 26th. The iPhone maker reported $1.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.04. The company had revenue of $42.36 billion for the quarter, compared to analysts’ expectations of $42.35 billion. Apple had a net margin of 21.70% and a return on equity of 37.89%. Apple’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.85 earnings per share. Equities analysts predict that Apple Inc. will post $8.26 EPS for the current year.
AAPL has been the subject of a number of recent research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $120.00 target price on shares of Apple in a report on Saturday. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Apple in a report on Saturday. Morgan Stanley set a $124.00 target price on Apple and gave the company a “buy” rating in a report on Friday. Credit Suisse Group AG reiterated an “outperform” rating and issued a $150.00 target price on shares of Apple in a report on Thursday. Finally, Sanford C. Bernstein set a $135.00 target price on Apple and gave the company a “buy” rating in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, forty-three have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $126.74.
In related news, insider Johny Srouji sold 9,827 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $108.44, for a total value of $1,065,639.88. Following the transaction, the insider now directly owns 116,369 shares in the company, valued at $12,619,054.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Angela J. Ahrendts sold 25,000 shares of the company’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 owns 105,839 shares in the company, valued at $10,583,900. The disclosure for this sale can be found here. 0.08% of the stock is currently owned by corporate insiders.
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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