Stelac Advisory Services LLC Has $2.46 Million Position in Apple Inc. (AAPL)

Stelac Advisory Services LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 27.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,261 shares of the iPhone maker’s stock after purchasing an additional 2,892 shares during the period. Apple comprises about 0.7% of Stelac Advisory Services LLC’s portfolio, making the stock its 21st largest holding. Stelac Advisory Services LLC’s holdings in Apple were worth $2,455,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Summit Trail Advisors LLC grew its position in shares of Apple by 17,669.4% in the 1st quarter. Summit Trail Advisors LLC now owns 20,180,694 shares of the iPhone maker’s stock valued at $20,181,000 after acquiring an additional 20,067,124 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Apple by 1.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 19,610,272 shares of the iPhone maker’s stock valued at $3,290,212,000 after acquiring an additional 347,970 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Apple by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 16,158,094 shares of the iPhone maker’s stock valued at $2,711,005,000 after acquiring an additional 55,050 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Apple by 0.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 15,977,515 shares of the iPhone maker’s stock valued at $2,680,707,000 after acquiring an additional 136,478 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Apple by 0.4% in the 1st quarter. American Century Companies Inc. now owns 14,064,371 shares of the iPhone maker’s stock valued at $2,359,720,000 after acquiring an additional 60,860 shares during the period. 58.58% of the stock is owned by institutional investors and hedge funds.

In other Apple news, CEO Timothy D. Cook sold 265,160 shares of Apple stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $217.79, for a total value of $57,749,196.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Johny Srouji sold 14,140 shares of Apple stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $214.98, for a total transaction of $3,039,817.20. Following the completion of the sale, the insider now owns 68,302 shares of the company’s stock, valued at approximately $14,683,563.96. The disclosure for this sale can be found here. Insiders sold a total of 564,185 shares of company stock valued at $124,444,213 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Shares of Apple stock opened at $221.19 on Thursday. Apple Inc. has a twelve month low of $150.24 and a twelve month high of $233.47. The company has a quick ratio of 1.24, a current ratio of 1.31 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $1,109.54 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 1.99 and a beta of 1.36.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, July 31st. The iPhone maker reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.16. Apple had a net margin of 21.98% and a return on equity of 43.50%. The business had revenue of $53.27 billion during the quarter, compared to analysts’ expectations of $52.43 billion. During the same quarter in the previous year, the company earned $1.67 EPS. The business’s revenue was up 17.3% on a year-over-year basis. As a group, equities research analysts expect that Apple Inc. will post 11.76 EPS for the current fiscal year.

A number of research analysts have recently commented on the stock. Wells Fargo & Co set a $210.00 price objective on shares of Apple and gave the company a “neutral” rating in a research report on Monday, October 1st. Oppenheimer reissued a “neutral” rating on shares of Apple in a research report on Monday, October 1st. Morgan Stanley reissued a “buy” rating and issued a $245.00 price objective (up previously from $232.00) on shares of Apple in a research report on Wednesday, September 5th. DA Davidson reissued a “buy” rating and issued a $265.00 price objective (up previously from $230.00) on shares of Apple in a research report on Wednesday, September 5th. Finally, DZ Bank reissued a “buy” rating on shares of Apple in a research report on Monday, September 3rd. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $222.50.

Apple Company 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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