Nicolet Bankshares Inc. increased its position in Apple Inc. (NASDAQ:AAPL) by 5.9% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 26,346 shares of the iPhone maker’s stock after buying an additional 1,466 shares during the period. Apple accounts for about 1.7% of Nicolet Bankshares Inc.’s portfolio, making the stock its 10th largest position. Nicolet Bankshares Inc.’s holdings in Apple were worth $2,519,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. Stevens First Principles Investment Advisors boosted its stake in Apple by 332.7% in the second quarter. Stevens First Principles Investment Advisors now owns 31,460 shares of the iPhone maker’s stock worth $3,008,000 after buying an additional 24,190 shares during the last quarter. Parsec Financial Management Inc. boosted its stake in Apple by 1.1% in the second quarter. Parsec Financial Management Inc. now owns 286,456 shares of the iPhone maker’s stock worth $27,385,000 after buying an additional 3,225 shares during the last quarter. Family Capital Trust Co boosted its stake in Apple by 0.7% in the second quarter. Family Capital Trust Co now owns 39,300 shares of the iPhone maker’s stock worth $3,757,000 after buying an additional 255 shares during the last quarter. Cypress Capital Management LLC WY bought a new stake in Apple during the second quarter worth $3,413,000. Finally, American Asset Management Inc. boosted its stake in Apple by 4.4% in the second quarter. American Asset Management Inc. now owns 7,757 shares of the iPhone maker’s stock worth $742,000 after buying an additional 325 shares during the last quarter. 56.46% of the stock is owned by institutional investors.
Shares of Apple Inc. (NASDAQ:AAPL) traded up 0.76% during mid-day trading on Wednesday, reaching $113.95. The company had a trading volume of 29,601,821 shares. Apple Inc. has a 1-year low of $89.47 and a 1-year high of $123.82. The company has a market capitalization of $614.01 billion, a PE ratio of 13.29 and a beta of 1.14. The stock’s 50-day moving average price is $109.35 and its 200 day moving average price is $102.74.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, July 26th. The iPhone maker reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. Apple had a return on equity of 37.89% and a net margin of 21.70%. The company earned $42.36 billion during the quarter, compared to analysts’ expectations of $42.35 billion. During the same period last year, the firm earned $1.85 EPS. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. Equities analysts expect that Apple Inc. will post $8.26 EPS for the current year.
Several analysts have recently commented on the company. Sanford C. Bernstein set a $125.00 price target on Apple and gave the company a “buy” rating in a report on Wednesday. Brean Capital reissued a “buy” rating on shares of Apple in a report on Wednesday. Bank of America Corp. reissued a “buy” rating and issued a $125.00 price target on shares of Apple in a report on Tuesday. Morgan Stanley reissued an “outperform” rating and issued a $123.00 price target on shares of Apple in a report on Monday. Finally, Piper Jaffray Cos. reissued a “buy” rating and issued a $151.00 price target on shares of Apple in a report on Monday. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating, forty-two have issued a buy rating and two have given a strong buy rating to the company. Apple currently has a consensus rating of “Buy” and an average target price of $126.54.
In other news, SVP Angela J. Ahrendts sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $100.00, for a total value of $2,500,000.00. Following the completion of the sale, the senior vice president now directly owns 105,839 shares of the company’s stock, valued at approximately $10,583,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy D. Cook sold 334,000 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $107.23, for a total value of $35,814,820.00. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.
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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