Callahan Advisors LLC reduced its position in Apple Inc. (NASDAQ:AAPL – Get Rating) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 204,388 shares of the iPhone maker’s stock after selling 7,005 shares during the quarter. Apple makes up about 4.1% of Callahan Advisors LLC’s investment portfolio, making the stock its biggest holding. Callahan Advisors LLC’s holdings in Apple were worth $28,246,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Apple by 0.7% during the first 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 during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Apple by 2.1% during the second 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 purchasing an additional 4,831,418 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Apple by 8.2% during the second quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock valued at $16,889,649,000 after purchasing an additional 9,411,018 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Apple by 1.5% during 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 purchasing an additional 1,155,915 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings 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 last quarter. 57.60% of the stock is owned by institutional investors.
Apple Price Performance
Shares of NASDAQ:AAPL opened at $143.00 on Tuesday. Apple Inc. has a one year low of $124.17 and a one year high of $179.61. The stock has a fifty day moving average of $138.04 and a 200-day moving average of $148.08. The company has a market capitalization of $2.26 trillion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 1.89 and a beta of 1.24. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.85 and a current ratio of 0.88.
Insider Buying and Selling at Apple
In other Apple news, insider Chris Kondo sold 20,200 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following 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 document filed with the SEC, which is available through the SEC website. Company insiders own 0.06% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently commented on AAPL shares. Barclays lowered their target price on Apple from $144.00 to $133.00 and set an “equal weight” rating for the company in a report on Wednesday, January 11th. UBS Group set a $180.00 price objective on Apple in a report on Monday, January 23rd. DA Davidson decreased their price objective on Apple to $167.00 in a report on Thursday, December 1st. Credit Suisse Group set a $184.00 price objective on Apple in a report on Monday. Finally, KeyCorp reissued a “buy” rating and issued a $175.00 price objective on shares of Apple in a report on Tuesday, November 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $163.53.
Apple Profile
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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