Apple (AAPL) Shares Bought by Rockland Trust Co.

Rockland Trust Co. grew its stake in shares of Apple (NASDAQ:AAPL) by 18.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,932 shares of the iPhone maker’s stock after acquiring an additional 3,193 shares during the quarter. Rockland Trust Co.’s holdings in Apple were worth $3,542,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vantage Financial Partners Ltd. Inc. purchased a new position in Apple in the 2nd quarter worth approximately $400,000. FNY Managed Accounts LLC boosted its holdings in Apple by 852.4% in the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 716 shares during the period. Oak Point Wealth Management purchased a new position in Apple in the 4th quarter worth approximately $163,000. Crow Point Partners LLC boosted its holdings in Apple by 100.0% in the 3rd quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock worth $153,000 after acquiring an additional 500 shares during the period. Finally, JJJ Advisors Inc. purchased a new position in Apple in the 3rd quarter worth approximately $201,000. Institutional investors and hedge funds own 61.35% of the company’s stock.

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In related news, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was 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 owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.06% of the company’s stock.

A number of equities analysts have weighed in on the company. Bank of America restated a “buy” rating and issued a $220.00 price target on shares of Apple in a report on Friday. Vetr upgraded Apple from a “buy” rating to a “strong-buy” rating and set a $191.57 price target for the company in a report on Friday. Nomura restated a “neutral” rating and issued a $175.00 price target on shares of Apple in a report on Monday, March 19th. Rosenblatt Securities restated a “buy” rating and issued a $180.00 price target on shares of Apple in a report on Friday, March 16th. Finally, Barclays decreased their price target on Apple from $170.00 to $168.00 and set an “equal weight” rating for the company in a report on Friday, March 16th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the stock. Apple currently has an average rating of “Buy” and a consensus price target of $201.69.

Apple (AAPL) opened at $164.94 on Monday. Apple has a 52 week low of $138.62 and a 52 week high of $183.50. The stock has a market capitalization of $836,907.75, a price-to-earnings ratio of 16.95, a PEG ratio of 1.25 and a beta of 1.19. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.74.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.82 by $0.07. Apple had a return on equity of 37.37% and a net margin of 21.13%. The business had revenue of $88.29 billion during the quarter, compared to analysts’ expectations of $87.62 billion. During the same quarter last year, the business posted $3.36 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. research analysts expect that Apple will post 11.38 EPS for the current year.

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Apple 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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