Artemis Investment Management LLP raised its stake in Apple Inc. (NASDAQ:AAPL) by 300.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,066,679 shares of the iPhone maker’s stock after purchasing an additional 800,232 shares during the period. Apple accounts for approximately 4.0% of Artemis Investment Management LLP’s investment portfolio, making the stock its biggest position. Artemis Investment Management LLP’s holdings in Apple were worth $312,813,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in AAPL. Trinity Legacy Partners LLC increased its stake in shares of Apple by 66.8% during the second quarter. Trinity Legacy Partners LLC now owns 18,789 shares of the iPhone maker’s stock worth $3,776,000 after purchasing an additional 7,523 shares during the period. Capital Bank & Trust Co grew its holdings in Apple by 0.4% in the 2nd quarter. Capital Bank & Trust Co now owns 621,074 shares of the iPhone maker’s stock valued at $122,994,000 after buying an additional 2,330 shares in the last quarter. Signaturefd LLC increased its position in Apple by 5.4% during the 3rd quarter. Signaturefd LLC now owns 72,303 shares of the iPhone maker’s stock worth $16,194,000 after buying an additional 3,705 shares during the period. Fiera Capital Corp increased its position in Apple by 2.0% during the 2nd quarter. Fiera Capital Corp now owns 478,731 shares of the iPhone maker’s stock worth $94,749,000 after buying an additional 9,473 shares during the period. Finally, Independent Advisor Alliance lifted its holdings in shares of Apple by 16.9% during the second quarter. Independent Advisor Alliance now owns 207,368 shares of the iPhone maker’s stock worth $37,831,000 after buying an additional 30,000 shares in the last quarter. Hedge funds and other institutional investors own 59.94% of the company’s stock.
A number of equities research analysts have recently issued reports on AAPL shares. Deutsche Bank boosted their target price on shares of Apple from $210.00 to $230.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. They noted that the move was a valuation call. Goldman Sachs Group set a $192.00 price target on shares of Apple and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Zacks Investment Research cut shares of Apple from a “hold” rating to a “sell” rating and set a $248.00 price objective for the company. in a research note on Monday, October 14th. BidaskClub raised shares of Apple from a “buy” rating to a “strong-buy” rating in a report on Friday, September 27th. Finally, Jefferies Financial Group increased their target price on shares of Apple from $285.00 to $350.00 and gave the stock a “buy” rating in a research report on Thursday, January 9th. Six investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. Apple presently has an average rating of “Hold” and an average price target of $274.36.
Shares of AAPL stock opened at $312.68 on Wednesday. Apple Inc. has a fifty-two week low of $150.05 and a fifty-two week high of $317.57. The stock’s fifty day moving average price is $283.66 and its two-hundred day moving average price is $237.71. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.50 and a current ratio of 1.54. The company has a market cap of $1,360.50 billion, a PE ratio of 26.30, a P/E/G ratio of 2.25 and a beta of 1.25.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Wednesday, October 30th. The iPhone maker reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.19. Apple had a return on equity of 53.82% and a net margin of 21.24%. The company had revenue of $64.04 billion during the quarter, compared to analysts’ expectations of $62.86 billion. During the same quarter in the previous year, the firm earned $2.91 EPS. Apple’s revenue was up 1.8% on a year-over-year basis. On average, equities analysts predict that Apple Inc. will post 13.15 EPS for the current fiscal year.
In other news, Director Arthur D. Levinson sold 37,394 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $257.79, for a total value of $9,639,799.26. Following the completion of the transaction, the director now owns 1,170,677 shares of the company’s stock, valued at $301,788,823.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.05% of the company’s stock.
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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