RFG Advisory Group LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,431 shares of the iPhone maker’s stock after buying an additional 766 shares during the period. Apple comprises about 6.0% of RFG Advisory Group LLC’s portfolio, making the stock its 3rd largest position. RFG Advisory Group LLC’s holdings in Apple were worth $6,924,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in AAPL. Lincoln Capital LLC increased its stake in Apple by 1.3% in the second quarter. Lincoln Capital LLC now owns 2,287 shares of the iPhone maker’s stock worth $219,000 after buying an additional 29 shares during the last quarter. Gratus Capital LLC increased its stake in Apple by 40.9% in the second quarter. Gratus Capital LLC now owns 95,950 shares of the iPhone maker’s stock worth $9,173,000 after buying an additional 27,861 shares during the last quarter. Mission Wealth Management LLC boosted its position in shares of Apple by 6.7% in the second quarter. Mission Wealth Management LLC now owns 65,427 shares of the iPhone maker’s stock worth $6,255,000 after buying an additional 4,133 shares during the period. Cornerstone Financial Partners LLC boosted its position in shares of Apple by 43.2% in the second quarter. Cornerstone Financial Partners LLC now owns 46,626 shares of the iPhone maker’s stock worth $4,456,000 after buying an additional 14,069 shares during the period. Finally, Rathbone Brothers plc boosted its position in shares of Apple by 4.9% in the second quarter. Rathbone Brothers plc now owns 497,494 shares of the iPhone maker’s stock worth $47,560,000 after buying an additional 23,296 shares during the period. Hedge funds and other institutional investors own 56.41% of the company’s stock.
Shares of Apple Inc. (NASDAQ:AAPL) traded up 0.3148% during trading on Tuesday, reaching $117.9201. The company’s stock had a trading volume of 10,855,103 shares. The stock’s 50-day moving average is $111.87 and its 200-day moving average is $103.64. Apple Inc. has a 12-month low of $89.47 and a 12-month high of $123.82. The stock has a market cap of $635.41 billion, a P/E ratio of 13.7500 and a beta of 1.22.
Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.04. Apple had a return on equity of 37.89% and a net margin of 21.70%. The business earned $42.36 billion during the quarter, compared to the consensus estimate of $42.35 billion. During the same period last year, the business posted $1.85 earnings per share. The business’s revenue for the quarter was down 14.6% on a year-over-year basis. Equities research analysts anticipate that Apple Inc. will post $8.26 earnings per share for the current fiscal year.
A number of research analysts have weighed in on AAPL shares. Vetr raised shares of Apple from a “buy” rating to a “strong-buy” rating and set a $107.09 price target on the stock in a research report on Monday, June 20th. Nomura reaffirmed a “buy” rating and set a $120.00 price target on shares of Apple in a research report on Tuesday, June 21st. Mizuho reaffirmed a “buy” rating and set a $120.00 price target on shares of Apple in a research report on Tuesday, June 21st. Cowen and Company reaffirmed an “outperform” rating and set a $125.00 price target on shares of Apple in a research report on Wednesday, June 22nd. Finally, Canaccord Genuity reduced their price target on shares of Apple from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, June 23rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating, forty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $127.11.
In other news, insider Daniel J. Riccio sold 22,381 shares of Apple stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $113.06, for a total value of $2,530,395.86. Following the completion of the transaction, the insider now directly owns 47,043 shares in the company, valued at $5,318,681.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Jeffrey E. Williams sold 43,769 shares of Apple stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $112.59, for a total value of $4,927,951.71. Following the completion of the transaction, the chief operating officer now owns 90,657 shares of the company’s stock, valued at $10,207,071.63. The disclosure for this sale can be found here. 0.08% of the stock is owned by company insiders.
Apple Company Profile
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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