Boston Standard Wealth Management LLC bought a new position in shares of Apple Inc. (NASDAQ:AAPL) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 890 shares of the iPhone maker’s stock, valued at approximately $204,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of AAPL. Summit Trail Advisors LLC raised its stake in Apple by 17,669.4% in the 1st quarter. Summit Trail Advisors LLC now owns 20,180,694 shares of the iPhone maker’s stock worth $20,181,000 after purchasing an additional 20,067,124 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in Apple by 18,553.3% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 16,758,709 shares of the iPhone maker’s stock worth $89,526,000 after purchasing an additional 16,668,866 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Apple in the 1st quarter valued at about $830,026,000. Royal London Asset Management Ltd. bought a new position in Apple in the 2nd quarter valued at about $385,873,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Apple by 6.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,008,496 shares of the iPhone maker’s stock valued at $3,148,443,000 after buying an additional 1,030,981 shares during the period. Institutional investors own 57.08% of the company’s stock.
AAPL has been the topic of several recent analyst reports. Citigroup decreased their target price on shares of Apple from $265.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. Rosenblatt Securities set a $165.00 target price on shares of Apple and gave the company a “neutral” rating in a report on Thursday, December 6th. Morgan Stanley lifted their price target on shares of Apple from $226.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, November 8th. Royal Bank of Canada set a $240.00 price target on shares of Apple and gave the company a “buy” rating in a report on Monday, September 24th. Finally, JPMorgan Chase & Co. started coverage on shares of Apple in a report on Thursday, September 27th. They set an “overweight” rating and a $272.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and twenty-one have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $195.64.
In related news, insider Chris Kondo sold 3,408 shares of the stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $190.00, for a total transaction of $647,520.00. Following the completion of the transaction, the insider now owns 8,940 shares in the company, valued at $1,698,600. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.06% of the stock is currently owned by corporate insiders.
NASDAQ AAPL opened at $142.19 on Friday. Apple Inc. has a 1 year low of $142.00 and a 1 year high of $233.47. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.12 and a quick ratio of 1.09. The firm has a market capitalization of $775.31 billion, a PE ratio of 11.94, a PEG ratio of 1.21 and a beta of 1.23.
Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.78 by $0.13. The firm had revenue of $62.90 billion during the quarter, compared to analyst estimates of $61.55 billion. Apple had a net margin of 22.41% and a return on equity of 48.68%. The business’s revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.07 EPS. Analysts forecast that Apple Inc. will post 13.18 earnings per share for the current fiscal 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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