Bogart Wealth LLC Has $1.04 Million Holdings in Apple (AAPL)

Bogart Wealth LLC raised its holdings in shares of Apple (NASDAQ:AAPL) by 31.5% in the fourth quarter, HoldingsChannel reports. The firm owned 6,153 shares of the iPhone maker’s stock after purchasing an additional 1,474 shares during the period. Bogart Wealth LLC’s holdings in Apple were worth $1,041,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jarislowsky Fraser Ltd increased its position in shares of Apple by 22.4% during the third quarter. Jarislowsky Fraser Ltd now owns 22,515 shares of the iPhone maker’s stock valued at $3,470,000 after acquiring an additional 4,118 shares in the last quarter. Empirical Financial Services LLC increased its position in shares of Apple by 23.9% during the second quarter. Empirical Financial Services LLC now owns 21,558 shares of the iPhone maker’s stock valued at $3,105,000 after acquiring an additional 4,154 shares in the last quarter. Carnick & Kubik Group LLC increased its position in shares of Apple by 14.4% during the second quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock valued at $2,987,000 after acquiring an additional 2,612 shares in the last quarter. GenTrust LLC increased its position in shares of Apple by 1,022.9% during the second quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock valued at $4,942,000 after acquiring an additional 31,259 shares in the last quarter. Finally, Ramsay Stattman Vela & Price Inc. boosted its holdings in Apple by 3.3% in the third quarter. Ramsay Stattman Vela & Price Inc. now owns 52,013 shares of the iPhone maker’s stock worth $8,016,000 after purchasing an additional 1,668 shares during the last quarter. 61.33% of the stock is owned by institutional investors and hedge funds.

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AAPL has been the topic of several research reports. Citigroup restated a “buy” rating and issued a $200.00 target price on shares of Apple in a report on Wednesday, December 13th. Bank of America cut shares of Apple from a “buy” rating to a “neutral” rating and raised their target price for the stock from $180.00 to $220.00 in a report on Wednesday, January 17th. Cascend Securities raised their target price on shares of Apple from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Nomura set a $185.00 target price on shares of Apple and gave the stock a “buy” rating in a report on Monday, November 27th. Finally, UBS set a $190.00 target price on shares of Apple and gave the stock a “buy” rating in a report on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $201.69.

AAPL stock opened at $164.94 on Friday. Apple has a 52 week low of $138.62 and a 52 week high of $183.50. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. The company has a market cap of $869,026.25, a PE ratio of 16.95, a P/E/G ratio of 1.29 and a beta of 1.19.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.82 by $0.07. Apple had a net margin of 21.13% and a return on equity of 37.37%. The firm had revenue of $88.29 billion during the quarter, compared to analysts’ expectations of $87.62 billion. During the same period in the previous year, the company earned $3.36 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. analysts predict that Apple will post 11.43 earnings per share for the current year.

In related news, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the completion of the transaction, the insider now directly owns 13,739 shares of the company’s stock, valued at approximately $2,401,302.42. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.08% of the stock is currently owned by insiders.

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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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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