Apple (AAPL) is Carroll Financial Associates Inc.’s 9th Largest Position

Carroll Financial Associates Inc. cut its position in Apple (NASDAQ:AAPL) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,026 shares of the iPhone maker’s stock after selling 9,010 shares during the quarter. Apple accounts for about 1.9% of Carroll Financial Associates Inc.’s holdings, making the stock its 9th biggest holding. Carroll Financial Associates Inc.’s holdings in Apple were worth $17,604,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of AAPL. Janus Henderson Group PLC raised its position in shares of Apple by 301.3% during the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock worth $2,880,992,000 after acquiring an additional 15,018,790 shares during the last quarter. Truepoint Inc. raised its position in shares of Apple by 15,559.4% during the third quarter. Truepoint Inc. now owns 4,436,774 shares of the iPhone maker’s stock worth $4,437,000 after acquiring an additional 4,408,441 shares during the last quarter. Capital Research Global Investors raised its position in shares of Apple by 15.0% during the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after acquiring an additional 3,845,363 shares during the last quarter. Stifel Financial Corp raised its position in shares of Apple by 9,166.4% during the third quarter. Stifel Financial Corp now owns 3,883,754 shares of the iPhone maker’s stock worth $598,497,000 after acquiring an additional 3,841,842 shares during the last quarter. Finally, Harding Loevner LP raised its position in shares of Apple by 784,734.3% during the third quarter. Harding Loevner LP now owns 3,296,304 shares of the iPhone maker’s stock worth $188,966,000 after acquiring an additional 3,295,884 shares during the last quarter. Hedge funds and other institutional investors own 61.35% of the company’s stock.

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In other Apple news, insider Philip W. Schiller sold 69,491 shares of the firm’s stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $166.42, for a total value of $11,564,692.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Daniel J. Riccio sold 17,375 shares of the firm’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $169.12, for a total value of $2,938,460.00. Following the completion of the sale, the senior vice president now directly owns 66,191 shares of the company’s stock, valued at approximately $11,194,221.92. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.

Shares of Apple stock opened at $168.38 on Friday. 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 has a 52 week low of $140.06 and a 52 week high of $183.50. The company has a market capitalization of $876,789.50, a price-to-earnings ratio of 18.28, a PEG ratio of 1.31 and a beta of 1.25.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $88.29 billion during the quarter, compared to analysts’ expectations of $87.62 billion. During the same quarter last year, the firm posted $3.36 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. research analysts predict that Apple will post 11.37 EPS for the current year.

AAPL has been the subject of a number of analyst reports. Citigroup restated a “buy” rating and set a $200.00 price objective on shares of Apple in a research report on Wednesday, December 13th. Bank of America downgraded Apple from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $180.00 to $220.00 in a research report on Wednesday, January 17th. Cascend Securities raised their price objective on Apple from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Morgan Stanley restated a “buy” rating and set a $205.00 price objective (up from $200.00) on shares of Apple in a research report on Tuesday, January 23rd. Finally, Rosenblatt Securities restated a “buy” rating and set a $180.00 price objective on shares of Apple in a research report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. Apple has a consensus rating of “Buy” and an average price target of $202.52.

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About Apple

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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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