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Wipfli Financial Advisors LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 6,718.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 205,590 shares of the iPhone maker’s stock after buying an additional 202,575 shares during the period. Apple makes up about 2.0% of Wipfli Financial Advisors LLC’s holdings, making the stock its 11th biggest holding. Wipfli Financial Advisors LLC’s holdings in Apple were worth $28,412,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Apple by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after purchasing an additional 8,734,393 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Apple by 2.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 237,910,783 shares of the iPhone maker’s stock valued at $32,527,162,000 after buying an additional 4,831,418 shares during the period. Legal & General Group Plc lifted its position in Apple by 8.2% during the 2nd quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock worth $16,889,649,000 after acquiring an additional 9,411,018 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Apple by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock valued at $14,097,970,000 after acquiring an additional 1,155,915 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Apple by 12.1% during the second quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock valued at $11,001,469,000 after purchasing an additional 8,716,964 shares during the period. Institutional investors and hedge funds own 57.60% of the company’s stock.
Insider Buying and Selling
In other Apple news, insider Chris Kondo sold 20,200 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total value of $3,004,144.00. Following the completion of the sale, the insider now directly owns 31,505 shares of the company’s stock, valued at approximately $4,685,423.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.06% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on AAPL. Bank Of America (Bofa) lowered shares of Apple from a “buy” rating to a “neutral” rating and lowered their price target for the company from $189.00 to $160.00 in a report on Friday, September 30th. Robert W. Baird reduced their price target on Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Canaccord Genuity Group dropped their price objective on Apple from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, January 18th. Bank of America reduced their target price on Apple from $154.00 to $153.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Sanford C. Bernstein set a $125.00 price target on shares of Apple in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $166.41.
Apple Stock Up 1.4 %
AAPL stock opened at $145.93 on Friday. The firm’s 50-day moving average is $138.15 and its two-hundred day moving average is $148.04. The company has a market capitalization of $2.31 trillion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 1.84 and a beta of 1.24. Apple Inc. has a 52 week low of $124.17 and a 52 week high of $179.61. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95.
Apple (NASDAQ:AAPL – Get Rating) last posted its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. Apple had a return on equity of 160.90% and a net margin of 25.31%. The company had revenue of $90.15 billion for the quarter, compared to the consensus estimate of $88.77 billion. During the same quarter in the previous year, the business earned $1.24 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts forecast that Apple Inc. will post 6.18 earnings per share for the current fiscal year.
About Apple
Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.
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