BigSur Wealth Management LLC Takes Position in Apple Inc. (AAPL)

BigSur Wealth Management LLC Takes Position in Apple Inc. (AAPL)

BigSur Wealth Management LLC purchased a new stake in Apple Inc. (NASDAQ:AAPL) during the fourth quarter, Holdings Channel reports. The fund purchased 20,265 shares of the iPhone maker’s stock, valued at approximately $2,347,000. Apple accounts for about 3.1% of BigSur Wealth Management LLC’s holdings, making the stock its 5th largest position.

Several other large investors also recently added to or reduced their stakes in the company. Asset Planning Services Ltd. boosted its position in Apple by 0.3% in the fourth quarter. Asset Planning Services Ltd. now owns 7,859 shares of the iPhone maker’s stock valued at $910,000 after buying an additional 24 shares during the last quarter. Schafer Cullen Capital Management Inc. boosted its position in Apple by 1.0% in the third quarter. Schafer Cullen Capital Management Inc. now owns 3,710 shares of the iPhone maker’s stock valued at $419,000 after buying an additional 35 shares during the last quarter. Retirement Planning Group boosted its position in Apple by 0.4% in the third quarter. Retirement Planning Group now owns 10,507 shares of the iPhone maker’s stock valued at $1,188,000 after buying an additional 44 shares during the last quarter. Colorado Capital Management Inc. boosted its position in Apple by 0.5% in the third quarter. Colorado Capital Management Inc. now owns 8,668 shares of the iPhone maker’s stock valued at $980,000 after buying an additional 45 shares during the last quarter. Finally, Enterprise Financial Services Corp boosted its position in Apple by 0.4% in the third quarter. Enterprise Financial Services Corp now owns 11,280 shares of the iPhone maker’s stock valued at $1,275,000 after buying an additional 46 shares during the last quarter. Institutional investors and hedge funds own 58.76% of the company’s stock.

Apple Inc. (NASDAQ:AAPL) opened at 139.99 on Friday. The firm has a 50-day moving average price of $134.83 and a 200-day moving average price of $119.06. Apple Inc. has a 52 week low of $89.47 and a 52 week high of $141.02. The stock has a market cap of $734.46 billion, a P/E ratio of 16.81 and a beta of 1.26.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, January 31st. The iPhone maker reported $3.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.22 by $0.14. The company had revenue of $78.35 billion for the quarter, compared to the consensus estimate of $77.37 billion. Apple had a return on equity of 34.94% and a net margin of 20.73%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.28 EPS. On average, equities research analysts predict that Apple Inc. will post $8.94 EPS for the current year.

Several research analysts have issued reports on the company. Pacific Crest reiterated an “overweight” rating and issued a $150.00 price objective on shares of Apple in a research report on Friday. Bank of America Corp increased their price objective on Apple from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday. Cowen and Company reiterated an “outperform” rating and issued a $135.00 price objective on shares of Apple in a research report on Thursday. Goldman Sachs Group Inc reiterated a “positive” rating and issued a $150.00 price objective on shares of Apple in a research report on Wednesday. Finally, Royal Bank of Canada increased their price objective on Apple from $140.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the stock. Apple currently has a consensus rating of “Buy” and a consensus target price of $139.79.

In other news, insider Johny Srouji sold 13,207 shares of the stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $136.37, for a total value of $1,801,038.59. Following the transaction, the insider now owns 98,012 shares of the company’s stock, valued at approximately $13,365,896.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP D Bruce Sewell sold 75,000 shares of the stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $128.43, for a total value of $9,632,250.00. The disclosure for this sale can be found here. In the last three months, insiders sold 403,844 shares of company stock worth $51,434,527. 0.08% of the stock is currently owned by company insiders.

About Apple

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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