BW Gestao de Investimentos Ltda. boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 31.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 176,750 shares of the iPhone maker’s stock after purchasing an additional 41,950 shares during the period. Apple comprises approximately 10.9% of BW Gestao de Investimentos Ltda.’s investment portfolio, making the stock its 3rd biggest position. BW Gestao de Investimentos Ltda.’s holdings in Apple were worth $39,900,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AAPL. Towercrest Capital Management raised its position in Apple by 4.1% during the 3rd quarter. Towercrest Capital Management now owns 9,968 shares of the iPhone maker’s stock worth $2,250,000 after purchasing an additional 395 shares during the last quarter. Garde Capital Inc. raised its position in Apple by 2.2% during the 3rd quarter. Garde Capital Inc. now owns 30,577 shares of the iPhone maker’s stock worth $5,853,000 after purchasing an additional 647 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Apple by 1.8% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 26,144,522 shares of the iPhone maker’s stock worth $5,901,864,000 after purchasing an additional 454,086 shares during the last quarter. Kentucky Retirement Systems bought a new position in Apple during the 3rd quarter worth $41,681,000. Finally, Banco de Sabadell S.A raised its position in Apple by 2.2% during the 3rd quarter. Banco de Sabadell S.A now owns 163,885 shares of the iPhone maker’s stock worth $36,931,000 after purchasing an additional 3,544 shares during the last quarter. Hedge funds and other institutional investors own 56.40% of the company’s stock.
Several brokerages recently issued reports on AAPL. Wells Fargo & Co set a $210.00 target price on Apple and gave the stock a “neutral” rating in a research report on Monday, November 19th. Robert W. Baird reiterated a “buy” rating and set a $230.00 price target on shares of Apple in a report on Monday, November 19th. Royal Bank of Canada reiterated a “buy” rating and set a $240.00 price target on shares of Apple in a report on Monday, November 19th. ValuEngine upgraded Apple from a “hold” rating to a “buy” rating in a report on Friday. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a $182.00 price target (down from $209.00) on shares of Apple in a report on Tuesday, November 20th. One analyst has rated the stock with a sell rating, twenty-two have given a hold rating and twenty-four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $193.19.
Shares of AAPL opened at $186.12 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.25. The stock has a market capitalization of $889.20 billion, a PE ratio of 15.63, a PEG ratio of 1.85 and a beta of 1.13. Apple Inc. has a one year low of $142.00 and a one year high of $233.47.
Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, January 29th. The iPhone maker reported $4.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.17 by $0.01. The company had revenue of $84.31 billion during the quarter, compared to the consensus estimate of $84.07 billion. Apple had a return on equity of 50.92% and a net margin of 22.72%. On average, sell-side analysts forecast that Apple Inc. will post 11.38 earnings per share for the current fiscal year.
In other news, Director Arthur D. Levinson sold 1,521 shares of the firm’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $167.71, for a total value of $255,086.91. Following the completion of the sale, the director now directly owns 1,134,804 shares in the company, valued at approximately $190,317,978.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.05% of the company’s stock.
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Apple Company Profile
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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