Stockman Wealth Management Inc. boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,518 shares of the iPhone maker’s stock after buying an additional 269 shares during the period. Apple makes up 2.4% of Stockman Wealth Management Inc.’s holdings, making the stock its 10th largest position. Stockman Wealth Management Inc.’s holdings in Apple were worth $3,882,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of AAPL. Mason Street Advisors LLC bought a new stake in Apple during the second quarter worth approximately $70,531,000. Kentucky Retirement Systems bought a new stake in Apple during the second quarter worth approximately $44,529,000. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Apple during the second quarter worth approximately $21,143,000. Springowl Associates LLC bought a new stake in Apple during the second quarter worth approximately $860,000. Finally, Williams Jones & Associates LLC raised its stake in Apple by 14.4% in the second quarter. Williams Jones & Associates LLC now owns 768,506 shares of the iPhone maker’s stock worth $73,469,000 after buying an additional 96,464 shares during the last quarter. 58.76% of the stock is currently owned by institutional investors.
Apple Inc. (NASDAQ:AAPL) opened at 139.99 on Friday. The firm has a market cap of $734.46 billion, a PE ratio of 16.81 and a beta of 1.26. Apple Inc. has a 52-week low of $89.47 and a 52-week high of $141.02. The company’s 50 day moving average price is $134.83 and its 200 day moving average price is $119.06.
Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, January 31st. The iPhone maker reported $3.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.22 by $0.14. The firm earned $78.35 billion during the quarter, compared to analysts’ expectations of $77.37 billion. Apple had a return on equity of 34.94% and a net margin of 20.73%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.28 EPS. Analysts predict that Apple Inc. will post $8.94 earnings per share for the current fiscal year.
A number of analysts recently commented on AAPL shares. Bank of America Corp increased their price objective on Apple from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, January 19th. Guggenheim increased their price objective on Apple from $150.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, February 28th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Apple in a research note on Wednesday, February 1st. Drexel Hamilton reaffirmed a “buy” rating and set a $185.00 price objective on shares of Apple in a research note on Friday, March 10th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Apple in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, thirty-seven have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $139.79.
In other Apple news, insider Johny Srouji sold 13,207 shares of the stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $136.37, for a total transaction of $1,801,038.59. Following the completion of the transaction, the insider now owns 98,012 shares in the company, valued at approximately $13,365,896.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Craig Federighi sold 70,627 shares of the stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $135.30, for a total value of $9,555,833.10. Following the transaction, the insider now owns 439,855 shares of the company’s stock, valued at approximately $59,512,381.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 403,844 shares of company stock valued at $51,434,527. Corporate insiders own 0.08% of the company’s stock.
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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