First Heartland Consultants Inc. increased its holdings in Apple Inc. (NASDAQ:AAPL) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,080 shares of the iPhone maker’s stock after purchasing an additional 654 shares during the period. Apple makes up 2.5% of First Heartland Consultants Inc.’s investment portfolio, making the stock its 4th biggest holding. First Heartland Consultants Inc.’s holdings in Apple were worth $9,661,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Hefty Wealth Partners lifted its position in Apple by 27.6% during the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 174 shares during the last quarter. American Beacon Advisors Inc. acquired a new position in Apple during the 1st quarter worth $117,000. State of Alaska Department of Revenue acquired a new position in Apple during the 2nd quarter worth $149,000. D. Scott Neal Inc. lifted its position in Apple by 19.8% during the 2nd quarter. D. Scott Neal Inc. now owns 1,212 shares of the iPhone maker’s stock worth $175,000 after acquiring an additional 200 shares during the last quarter. Finally, Advocacy Wealth Management Services LLC lifted its position in Apple by 4.0% during the 2nd quarter. Advocacy Wealth Management Services LLC now owns 1,337 shares of the iPhone maker’s stock worth $193,000 after acquiring an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 60.32% of the company’s stock.
In other news, SVP D Bruce Sewell sold 31,625 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $158.13, for a total transaction of $5,000,861.25. Following the completion of the transaction, the senior vice president now directly owns 112,430 shares of the company’s stock, valued at approximately $17,778,555.90. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Angela J. Ahrendts sold 63,388 shares of the company’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $154.21, for a total value of $9,775,063.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 541,177 shares of company stock valued at $85,864,804. Insiders own 0.08% of the company’s stock.
Several research analysts recently issued reports on AAPL shares. BMO Capital Markets reissued an “outperform” rating and issued a $170.00 price target on shares of Apple in a research report on Tuesday, July 25th. Drexel Hamilton reissued a “buy” rating and issued a $208.00 price target on shares of Apple in a research report on Tuesday. Nomura reissued a “buy” rating and issued a $165.00 price target on shares of Apple in a research report on Wednesday, July 5th. Barclays PLC reissued a “hold” rating and issued a $146.00 price target on shares of Apple in a research report on Tuesday, August 15th. Finally, Vetr raised shares of Apple from a “hold” rating to a “buy” rating and set a $166.96 price target for the company in a research report on Thursday, August 17th. Seven equities research analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $190.67.
Shares of Apple Inc. (AAPL) opened at 157.10 on Wednesday. The stock has a market capitalization of $811.46 billion, a PE ratio of 17.84 and a beta of 1.27. The firm has a 50-day moving average price of $156.87 and a 200-day moving average price of $152.40. Apple Inc. has a 1-year low of $104.08 and a 1-year high of $164.94.
Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.10. The business had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.42 EPS. On average, equities research analysts forecast that Apple Inc. will post $9.01 earnings per share for the current year.
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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