Gulf International Bank UK Ltd increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,663,169 shares of the iPhone maker’s stock after buying an additional 14,430 shares during the period. Apple makes up 3.5% of Gulf International Bank UK Ltd’s investment portfolio, making the stock its largest position. Gulf International Bank UK Ltd’s holdings in Apple were worth $238,930,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of AAPL. Glacier Peak Capital LLC bought a new position in Apple during the fourth quarter worth $127,000. Welch Investments LLC bought a new position in Apple during the fourth quarter worth $146,000. Odey Holdings AG increased its position in Apple by 27.3% in the fourth quarter. Odey Holdings AG now owns 1,273 shares of the iPhone maker’s stock worth $147,000 after buying an additional 273 shares during the period. JJJ Advisors Inc. bought a new position in Apple during the fourth quarter worth $176,000. Finally, Ullmann Financial Group Inc. bought a new position in Apple during the fourth quarter worth $220,000. 61.26% of the stock is currently owned by institutional investors.
Apple Inc. (AAPL) traded up 0.41% during trading on Wednesday, hitting $144.09. 21,569,557 shares of the stock traded hands. The stock has a market cap of $751.26 billion, a P/E ratio of 16.90 and a beta of 1.31. Apple Inc. has a 52-week low of $94.37 and a 52-week high of $156.65. The stock has a 50 day moving average price of $150.30 and a 200-day moving average price of $137.42.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, May 2nd. The iPhone maker reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.08. Apple had a net margin of 20.74% and a return on equity of 35.09%. The business had revenue of $52.90 billion for the quarter, compared to analysts’ expectations of $52.61 billion. On average, analysts anticipate that Apple Inc. will post $8.93 EPS for the current fiscal year.
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A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods set a $170.00 price target on Apple and gave the company a “buy” rating in a research note on Monday, May 22nd. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $170.00 price target on shares of Apple in a research note on Wednesday, June 21st. Nomura reaffirmed a “buy” rating and set a $165.00 price objective on shares of Apple in a research note on Wednesday. Barclays PLC set a $123.00 price objective on Apple and gave the stock a “neutral” rating in a research note on Wednesday, May 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $177.00 price objective (up previously from $161.00) on shares of Apple in a research note on Wednesday, May 17th. Eleven analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $160.83.
In related news, insider Luca Maestri sold 6,308 shares of Apple stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $141.83, for a total value of $894,663.64. Following the sale, the insider now owns 2,665 shares of the company’s stock, valued at approximately $377,976.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel J. Riccio sold 11,949 shares of Apple stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $155.32, for a total transaction of $1,855,918.68. Following the completion of the sale, the insider now directly owns 13,049 shares in the company, valued at approximately $2,026,770.68. The disclosure for this sale can be found here. Insiders sold a total of 379,308 shares of company stock worth $57,405,092 in the last three months. 0.08% of the stock is owned by corporate insiders.
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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