Financial & Investment Management Group Ltd. Invests $204,000 in Apple (AAPL)

Financial & Investment Management Group Ltd. purchased a new stake in shares of Apple (NASDAQ:AAPL) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,207 shares of the iPhone maker’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Janus Henderson Group PLC raised its stake in Apple by 301.3% during the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after buying an additional 15,018,790 shares during the last quarter. Truepoint Inc. raised its stake in Apple by 15,559.4% during the third quarter. Truepoint Inc. now owns 4,436,774 shares of the iPhone maker’s stock valued at $4,437,000 after buying an additional 4,408,441 shares during the last quarter. Capital Research Global Investors raised its stake in Apple by 15.0% during the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after buying an additional 3,845,363 shares during the last quarter. Stifel Financial Corp raised its stake in Apple by 9,166.4% during the third quarter. Stifel Financial Corp now owns 3,883,754 shares of the iPhone maker’s stock valued at $598,497,000 after buying an additional 3,841,842 shares during the last quarter. Finally, Harding Loevner LP raised its stake in Apple by 784,734.3% during the third quarter. Harding Loevner LP now owns 3,296,304 shares of the iPhone maker’s stock valued at $188,966,000 after buying an additional 3,295,884 shares during the last quarter. Institutional investors own 61.28% of the company’s stock.

In other Apple news, SVP Daniel J. Riccio sold 17,375 shares of the business’s stock in a transaction dated Wednesday, April 4th. The stock was 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 $11,194,221.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Philip W. Schiller sold 69,491 shares of the business’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $166.42, for a total value of $11,564,692.22. The disclosure for this sale can be found here. Insiders have sold 125,988 shares of company stock valued at $21,336,201 in the last three months. 0.08% of the stock is currently owned by corporate insiders.

Apple stock opened at $164.22 on Friday. The firm has a market cap of $826,759.75, a P/E ratio of 17.83, a PEG ratio of 1.24 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.24 and a quick ratio of 1.20. Apple has a one year low of $142.20 and a one year high of $183.50.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) 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 analyst estimates of $87.62 billion. During the same quarter in the previous year, the company posted $3.36 earnings per share. Apple’s revenue for the quarter was up 12.7% on a year-over-year basis. research analysts anticipate that Apple will post 11.3 earnings per share for the current year.

AAPL has been the subject of a number of recent research reports. Zacks Investment Research upgraded Apple from a “hold” rating to a “buy” rating and set a $197.00 price objective for the company in a research note on Thursday, January 18th. Rosenblatt Securities reiterated a “buy” rating and set a $180.00 price objective on shares of Apple in a research note on Friday, January 19th. Piper Jaffray reiterated a “buy” rating and set a $200.00 price objective on shares of Apple in a research note on Tuesday, January 2nd. ValuEngine upgraded Apple from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, UBS set a $190.00 price target on Apple and gave the stock a “buy” rating in a research note on Friday, January 5th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $203.15.

Apple Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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