Oxbow Advisors LLC Has $9.98 Million Position in Apple Inc. (AAPL)

Oxbow Advisors LLC increased its holdings in Apple Inc. (NASDAQ:AAPL) by 5.5% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 64,748 shares of the iPhone maker’s stock after buying an additional 3,351 shares during the quarter. Apple comprises approximately 1.9% of Oxbow Advisors LLC’s portfolio, making the stock its 10th biggest position. Oxbow Advisors LLC’s holdings in Apple were worth $9,979,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. YHB Investment Advisors Inc. grew its stake in shares of Apple by 7.6% during the 2nd quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock valued at $19,614,000 after purchasing an additional 9,663 shares during the period. Lederer & Associates Investment Counsel CA grew its stake in shares of Apple by 2.1% during the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock valued at $5,377,000 after purchasing an additional 779 shares during the period. Empirical Financial Services LLC grew its stake in shares of Apple by 23.9% during the 2nd quarter. Empirical Financial Services LLC now owns 21,558 shares of the iPhone maker’s stock valued at $3,105,000 after purchasing an additional 4,154 shares during the period. Carnick & Kubik Group LLC grew its stake in shares of Apple by 14.4% during the 2nd quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock valued at $2,987,000 after purchasing an additional 2,612 shares during the period. Finally, GenTrust LLC grew its stake in shares of Apple by 1,022.9% during the 2nd quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock valued at $4,942,000 after purchasing an additional 31,259 shares during the period. Institutional investors own 59.61% of the company’s stock.

A number of research analysts recently issued reports on AAPL shares. UBS Group reiterated a “buy” rating and set a $180.00 price objective on shares of Apple in a research note on Tuesday, September 12th. Robert W. Baird reiterated a “buy” rating and set a $172.00 price objective on shares of Apple in a research note on Tuesday, September 5th. Drexel Hamilton reiterated a “buy” rating and set a $208.00 price objective on shares of Apple in a research note on Thursday, September 7th. Instinet reiterated a “buy” rating and set a $185.00 price objective (up from $175.00) on shares of Apple in a research note on Wednesday, September 6th. Finally, Longbow Research reiterated a “buy” rating and set a $192.00 price objective on shares of Apple in a research note on Monday, September 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Apple presently has an average rating of “Buy” and a consensus price target of $198.61.

In other news, insider Angela J. Ahrendts sold 63,388 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Johny Srouji sold 5,760 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total value of $1,004,544.00. Following the sale, the senior vice president now directly owns 81,560 shares in the company, valued at $14,224,064. The disclosure for this sale can be found here. Insiders have sold a total of 232,967 shares of company stock worth $37,944,683 over the last ninety days. Insiders own 0.08% of the company’s stock.

Shares of Apple Inc. (AAPL) opened at $169.23 on Monday. The stock has a market capitalization of $878,380.00, a P/E ratio of 18.41, a PEG ratio of 1.35 and a beta of 1.24. Apple Inc. has a twelve month low of $114.76 and a twelve month high of $177.20. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.20. The business had revenue of $52.58 billion for the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.50 EPS. equities research analysts predict that Apple Inc. will post 11.18 earnings per share for the current fiscal 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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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