Brasada Capital Management LP grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 211.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,603 shares of the iPhone maker’s stock after acquiring an additional 5,843 shares during the period. Brasada Capital Management LP’s holdings in Apple were worth $2,526,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Eagle Capital Management LLC raised its stake in Apple by 0.5% in the second quarter. Eagle Capital Management LLC now owns 22,953 shares of the iPhone maker’s stock worth $4,543,000 after buying an additional 104 shares in the last quarter. Kanawha Capital Management LLC raised its stake in Apple by 2.2% in the second quarter. Kanawha Capital Management LLC now owns 93,192 shares of the iPhone maker’s stock worth $18,445,000 after buying an additional 2,029 shares in the last quarter. Smith Asset Management Group LP raised its stake in Apple by 2.9% in the second quarter. Smith Asset Management Group LP now owns 546,267 shares of the iPhone maker’s stock worth $108,117,000 after buying an additional 15,340 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in Apple by 30.3% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,034,294 shares of the iPhone maker’s stock worth $204,707,000 after purchasing an additional 240,500 shares during the last quarter. Finally, GM Advisory Group Inc. grew its holdings in Apple by 0.7% in the second quarter. GM Advisory Group Inc. now owns 30,913 shares of the iPhone maker’s stock worth $6,118,000 after purchasing an additional 201 shares during the last quarter. 59.94% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on the stock. HSBC set a $190.00 price target on shares of Apple and gave the stock a “sell” rating in a report on Thursday, September 26th. Tigress Financial reaffirmed a “buy” rating on shares of Apple in a report on Monday, December 30th. ValuEngine lowered shares of Apple from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Goldman Sachs Group set a $192.00 price target on shares of Apple and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, Needham & Company LLC lowered shares of Apple from a “strong-buy” rating to a “buy” rating and lifted their price target for the stock from $280.00 to $350.00 in a report on Monday, January 6th. Six research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $274.36.
In other Apple news, Director Arthur D. Levinson sold 37,394 shares of the company’s 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 in the company, valued at $301,788,823.83. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.05% of the company’s stock.
Shares of Apple stock opened at $312.68 on Wednesday. The firm has a 50-day simple moving average of $283.66 and a two-hundred day simple moving average of $237.71. The company has a market cap of $1,360.50 billion, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 2.25 and a beta of 1.25. Apple Inc. has a fifty-two week low of $150.05 and a fifty-two week high of $317.57. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.50 and a current ratio of 1.54.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Wednesday, October 30th. The iPhone maker reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.84 by $0.19. The business had revenue of $64.04 billion during the quarter, compared to the consensus estimate of $62.86 billion. Apple had a net margin of 21.24% and a return on equity of 53.82%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.91 earnings per share. Equities research analysts forecast that Apple Inc. will post 13.15 EPS for the current year.
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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