Horrell Capital Management Inc. Has $339,000 Stake in Apple Inc. (AAPL)

Horrell Capital Management Inc. held its stake in Apple Inc. (NASDAQ:AAPL) during the first quarter, Holdings Channel reports. The institutional investor owned 2,359 shares of the iPhone maker’s stock at the end of the first quarter. Horrell Capital Management Inc.’s holdings in Apple were worth $339,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Ffcm LLC acquired a new stake in shares of Apple during the fourth quarter valued at approximately $19,269,000. Cadence Capital Management LLC boosted its stake in shares of Apple by 3.7% in the fourth quarter. Cadence Capital Management LLC now owns 50,683 shares of the iPhone maker’s stock valued at $5,870,000 after buying an additional 1,786 shares during the last quarter. Motley Fool Wealth Management LLC boosted its stake in shares of Apple by 1.7% in the fourth quarter. Motley Fool Wealth Management LLC now owns 168,714 shares of the iPhone maker’s stock valued at $19,540,000 after buying an additional 2,752 shares during the last quarter. BP PLC boosted its stake in shares of Apple by 0.5% in the fourth quarter. BP PLC now owns 666,500 shares of the iPhone maker’s stock valued at $77,207,000 after buying an additional 3,000 shares during the last quarter. Finally, Johnson Financial Group Inc. boosted its stake in shares of Apple by 6.3% in the fourth quarter. Johnson Financial Group Inc. now owns 127,003 shares of the iPhone maker’s stock valued at $14,710,000 after buying an additional 7,513 shares during the last quarter. 61.26% of the stock is currently owned by institutional investors.

Shares of Apple Inc. (NASDAQ:AAPL) opened at 143.73 on Wednesday. The stock’s 50 day moving average price is $151.25 and its 200 day moving average price is $136.05. Apple Inc. has a one year low of $91.50 and a one year high of $156.65. The stock has a market capitalization of $749.39 billion, a P/E ratio of 16.86 and a beta of 1.28.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, May 2nd. The iPhone maker reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.08. Apple had a return on equity of 35.09% and a net margin of 20.74%. The business had revenue of $52.90 billion during the quarter, compared to analysts’ expectations of $52.61 billion. On average, analysts forecast that Apple Inc. will post $8.94 EPS for the current year.

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Several analysts have commented on the stock. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $170.00 price objective on shares of Apple in a research note on Wednesday, June 21st. Maxim Group lifted their price objective on shares of Apple from $171.00 to $180.00 and gave the company a “buy” rating in a research note on Monday, June 19th. Barclays PLC restated an “equal weight” rating and set a $123.00 price objective on shares of Apple in a research note on Friday, June 16th. Cowen and Company restated an “outperform” rating and set a $160.00 price objective on shares of Apple in a research note on Friday, June 16th. Finally, Morgan Stanley restated an “overweight” rating and set a $177.00 price objective on shares of Apple in a research note on Friday, June 16th. Ten research analysts have rated the stock with a hold rating, forty 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 $160.83.

In other Apple news, insider Daniel J. Riccio sold 11,949 shares of Apple stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $155.32, for a total transaction of $1,855,918.68. Following the transaction, the insider now directly owns 13,049 shares in the company, valued at $2,026,770.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Luca Maestri sold 4,757 shares of Apple stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $154.70, for a total value of $735,907.90. Following the transaction, the insider now owns 3,414 shares in the company, valued at $528,145.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 447,411 shares of company stock valued at $67,200,745. 0.08% of the stock is owned by 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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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