Apple (AAPL) Shares Bought by Westpac Banking Corp

Westpac Banking Corp boosted its stake in Apple (NASDAQ:AAPL) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 660,404 shares of the iPhone maker’s stock after purchasing an additional 42,333 shares during the quarter. Apple comprises approximately 2.5% of Westpac Banking Corp’s portfolio, making the stock its biggest holding. Westpac Banking Corp’s holdings in Apple were worth $111,760,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stone House Investment Management LLC raised its stake in shares of Apple by 0.4% during the second quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock worth $226,000 after acquiring an additional 6 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in shares of Apple by 0.3% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock worth $782,000 after acquiring an additional 17 shares in the last quarter. Karp Capital Management Corp raised its stake in shares of Apple by 1.6% during the second quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock worth $206,000 after acquiring an additional 22 shares in the last quarter. Berkeley Capital Partners LLC raised its stake in shares of Apple by 0.6% during the second quarter. Berkeley Capital Partners LLC now owns 4,369 shares of the iPhone maker’s stock worth $629,000 after acquiring an additional 26 shares in the last quarter. Finally, Cutler Investment Counsel LLC raised its stake in shares of Apple by 1.0% during the second quarter. Cutler Investment Counsel LLC now owns 3,968 shares of the iPhone maker’s stock worth $571,000 after acquiring an additional 38 shares in the last quarter. 61.35% of the stock is currently owned by institutional investors and hedge funds.

How to Become a New Pot Stock Millionaire

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

Several brokerages have recently issued reports on AAPL. Vetr cut shares of Apple from a “strong-buy” rating to a “buy” rating and set a $187.18 target price on the stock. in a report on Wednesday, February 14th. Zacks Investment Research upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $197.00 target price on the stock in a report on Thursday, January 18th. Rosenblatt Securities restated a “buy” rating and issued a $180.00 target price on shares of Apple in a report on Friday, March 16th. Piper Jaffray restated a “buy” rating and issued a $200.00 target price on shares of Apple in a report on Tuesday, January 2nd. Finally, Goldman Sachs began coverage on shares of Apple in a report on Wednesday, February 7th. They issued a “neutral” rating and a $161.00 target price on the stock. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $202.52.

Shares of NASDAQ:AAPL opened at $168.38 on Friday. Apple has a fifty-two week low of $140.06 and a fifty-two week high of $183.50. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $854,362.38, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 1.28 and a beta of 1.25.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, topping 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 business had revenue of $88.29 billion during the quarter, compared to analyst estimates of $87.62 billion. During the same quarter in the previous year, the firm earned $3.36 EPS. Apple’s revenue was up 12.7% on a year-over-year basis. sell-side analysts forecast that Apple will post 11.37 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This report was originally reported by Ticker Report and is the property of of Ticker Report. If you are viewing this report on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this report can be viewed at https://www.tickerreport.com/banking-finance/3340891/apple-aapl-shares-bought-by-westpac-banking-corp.html.

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.

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple (NASDAQ:AAPL).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Mercantile Bank  Set to Announce Earnings on Tuesday
Mercantile Bank Set to Announce Earnings on Tuesday
China Finance Online  Scheduled to Post Quarterly Earnings on Wednesday
China Finance Online Scheduled to Post Quarterly Earnings on Wednesday
Anthem Inc  Expected to Post Earnings of $5.07 Per Share
Anthem Inc Expected to Post Earnings of $5.07 Per Share
Titanium Blockchain Achieves Market Cap of $0.00
Titanium Blockchain Achieves Market Cap of $0.00
Dai  Price Tops $1.00 on Top Exchanges
Dai Price Tops $1.00 on Top Exchanges
Tattoocoin  Price Reaches $0.0039
Tattoocoin Price Reaches $0.0039


Leave a Reply

© 2006-2018 Ticker Report. Google+.