Andrew Hill Investment Advisors Inc. boosted its stake in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 88.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 23,989 shares of the iPhone maker’s stock after purchasing an additional 11,228 shares during the period. Apple makes up approximately 4.5% of Andrew Hill Investment Advisors Inc.’s portfolio, making the stock its 9th biggest holding. Andrew Hill Investment Advisors Inc.’s holdings in Apple were worth $3,315,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its stake in shares of Apple by 8.2% during the 2nd quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock worth $16,889,649,000 after acquiring an additional 9,411,018 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Apple by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock worth $221,753,959,000 after acquiring an additional 8,734,393 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of Apple by 12.1% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock worth $11,001,469,000 after acquiring an additional 8,716,964 shares in the last quarter. Swiss National Bank boosted its stake in shares of Apple by 13.1% during the 1st quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock worth $12,407,910,000 after acquiring an additional 8,230,300 shares in the last quarter. Finally, Verity Asset Management Inc. boosted its stake in shares of Apple by 29,097.9% during the 1st quarter. Verity Asset Management Inc. now owns 5,300,881 shares of the iPhone maker’s stock worth $189,000 after acquiring an additional 5,282,726 shares in the last quarter. 57.60% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Apple
In related news, insider Chris Kondo sold 20,200 shares of Apple stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total value of $3,004,144.00. Following the completion of the sale, the insider now owns 31,505 shares in the company, valued at approximately $4,685,423.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is owned by insiders.
Apple Stock Up 1.4 %
Shares of NASDAQ AAPL opened at $145.93 on Friday. The company has a 50 day simple moving average of $138.04 and a 200-day simple moving average of $148.04. The company has a market capitalization of $2.31 trillion, a P/E ratio of 23.88, a P/E/G ratio of 1.86 and a beta of 1.24. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.88 and a quick ratio of 0.85. Apple Inc. has a 1 year low of $124.17 and a 1 year high of $179.61.
Apple (NASDAQ:AAPL – Get Rating) last announced its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. Apple had a net margin of 25.31% and a return on equity of 160.90%. The business had revenue of $90.15 billion during the quarter, compared to the consensus estimate of $88.77 billion. During the same quarter last year, the firm earned $1.24 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts predict that Apple Inc. will post 6.18 earnings per share for the current year.
Analyst Upgrades and Downgrades
AAPL has been the topic of several recent analyst reports. Oppenheimer lowered their target price on shares of Apple from $190.00 to $170.00 and set an “outperform” rating on the stock in a research note on Monday, December 12th. Credit Suisse Group reaffirmed a “buy” rating and issued a $184.00 price target on shares of Apple in a research note on Wednesday, January 18th. BNP Paribas lowered shares of Apple from an “outperform” rating to a “neutral” rating and set a $140.00 price target on the stock. in a research note on Tuesday, January 3rd. Citigroup reaffirmed a “buy” rating and issued a $175.00 price target on shares of Apple in a research note on Tuesday, November 8th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Apple from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, January 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average price target of $163.53.
Apple Company Profile
Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.
Further Reading
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