Buckingham Capital Management Inc. increased its stake in Apple Inc. (NASDAQ:AAPL) by 6.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,477 shares of the iPhone maker’s stock after purchasing an additional 4,182 shares during the quarter. Apple accounts for 2.9% of Buckingham Capital Management Inc.’s portfolio, making the stock its 5th largest position. Buckingham Capital Management Inc.’s holdings in Apple were worth $14,781,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently modified their holdings of AAPL. Janus Henderson Group PLC boosted its holdings in Apple by 18.8% in the third quarter. Janus Henderson Group PLC now owns 20,833,222 shares of the iPhone maker’s stock worth $4,703,027,000 after purchasing an additional 3,293,674 shares during the last quarter. Royal London Asset Management Ltd. purchased a new stake in Apple in the second quarter worth approximately $385,873,000. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Apple by 6.5% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,008,496 shares of the iPhone maker’s stock worth $3,148,443,000 after purchasing an additional 1,030,981 shares during the last quarter. Bank of Nova Scotia boosted its holdings in Apple by 52.6% in the second quarter. Bank of Nova Scotia now owns 1,578,812 shares of the iPhone maker’s stock worth $292,261,000 after purchasing an additional 544,275 shares during the last quarter. Finally, Artemis Investment Management LLP boosted its holdings in Apple by 279.3% in the third quarter. Artemis Investment Management LLP now owns 617,946 shares of the iPhone maker’s stock worth $139,510,000 after purchasing an additional 455,045 shares during the last quarter. Institutional investors own 56.40% of the company’s stock.
Shares of AAPL stock opened at $186.12 on Friday. The firm has a market cap 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. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.25 and a current ratio of 1.30.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data 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 firm had revenue of $84.31 billion for the quarter, compared to the consensus estimate of $84.07 billion. Apple had a net margin of 22.72% and a return on equity of 50.92%. On average, equities analysts forecast that Apple Inc. will post 11.38 EPS for the current fiscal year.
Several brokerages recently issued reports on AAPL. Wells Fargo & Co set a $210.00 target price on shares of Apple and gave the stock a “neutral” rating in a report on Monday, November 19th. Robert W. Baird reiterated a “buy” rating and issued a $230.00 price target on shares of Apple in a research report on Monday, November 19th. Royal Bank of Canada reiterated a “buy” rating and issued a $240.00 price target on shares of Apple in a research report on Monday, November 19th. ValuEngine upgraded shares of Apple from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Goldman Sachs Group reiterated a “neutral” rating and issued a $182.00 price target (down from $209.00) on shares of Apple in a research report on Tuesday, November 20th. One analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $193.19.
In other news, Director Arthur D. Levinson sold 1,521 shares of the firm’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $167.71, for a total transaction of $255,086.91. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is owned by company insiders.
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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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