Apple Inc. (AAPL) Stake Cut by Tredje AP fonden

Tredje AP fonden decreased its stake in Apple Inc. (NASDAQ:AAPL) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 446,856 shares of the iPhone maker’s stock after selling 3,322 shares during the period. Apple accounts for 2.2% of Tredje AP fonden’s holdings, making the stock its 3rd largest position. Tredje AP fonden’s holdings in Apple were worth $51,755,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in AAPL. State Street Corp increased its stake in shares of Apple by 2.0% in the fourth quarter. State Street Corp now owns 219,739,579 shares of the iPhone maker’s stock valued at $25,450,260,000 after buying an additional 4,301,005 shares during the period. Dimensional Fund Advisors LP increased its stake in Apple by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,526,123 shares of the iPhone maker’s stock worth $1,914,178,000 after buying an additional 45,124 shares during the period. Fisher Asset Management LLC increased its stake in Apple by 0.5% in the third quarter. Fisher Asset Management LLC now owns 11,372,309 shares of the iPhone maker’s stock worth $1,285,640,000 after buying an additional 57,369 shares during the period. Mizuho Trust & Banking Co. Ltd. increased its stake in Apple by 0.5% in the third quarter. Mizuho Trust & Banking Co. Ltd. now owns 8,847,389 shares of the iPhone maker’s stock worth $1,000,197,000 after buying an additional 44,406 shares during the period. Finally, Adage Capital Partners GP L.L.C. increased its stake in Apple by 3.1% in the third quarter. Adage Capital Partners GP L.L.C. now owns 7,697,852 shares of the iPhone maker’s stock worth $870,242,000 after buying an additional 227,900 shares during the period. Hedge funds and other institutional investors own 58.76% of the company’s stock.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Apple Inc. (NASDAQ:AAPL) opened at 141.46 on Tuesday. Apple Inc. has a 1-year low of $89.47 and a 1-year high of $141.50. The firm has a market cap of $742.18 billion, a P/E ratio of 16.98 and a beta of 1.26. The company has a 50-day moving average price of $134.83 and a 200-day moving average price of $119.06.

Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, January 31st. The iPhone maker reported $3.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.22 by $0.14. Apple had a net margin of 20.73% and a return on equity of 34.94%. The firm had revenue of $78.35 billion for the quarter, compared to analyst estimates of $77.37 billion. During the same quarter last year, the business earned $3.28 earnings per share. Apple’s revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts forecast that Apple Inc. will post $8.94 EPS for the current fiscal year.

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A number of analysts have recently issued reports on AAPL shares. Bank of America Corp lifted their price objective on shares of Apple from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, January 19th. Guggenheim lifted their price objective on shares of Apple from $150.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, February 28th. Credit Suisse Group AG reiterated an “outperform” rating and issued a $150.00 price objective on shares of Apple in a report on Wednesday, February 1st. Drexel Hamilton reiterated a “buy” rating and issued a $185.00 price objective on shares of Apple in a report on Friday, March 10th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $155.00 price objective (up from $135.00) on shares of Apple in a report on Thursday, March 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirty-eight have given a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $140.24.

In related news, insider Johny Srouji sold 13,207 shares of the firm’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $136.37, for a total transaction of $1,801,038.59. Following the sale, the insider now owns 98,012 shares in the company, valued at $13,365,896.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Luca Maestri sold 2,300 shares of the firm’s stock in a transaction that occurred on Wednesday, December 28th. The stock was sold at an average price of $117.67, for a total transaction of $270,641.00. Following the sale, the insider now owns 4,632 shares in the company, valued at approximately $545,047.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 403,844 shares of company stock worth $51,434,527. 0.08% of the stock is owned by company insiders.

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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