Neville Rodie & Shaw Inc. lessened its stake in Apple Inc. (NASDAQ:AAPL) by 6.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 257,209 shares of the iPhone maker’s stock after selling 18,464 shares during the quarter. Apple comprises 4.4% of Neville Rodie & Shaw Inc.’s investment portfolio, making the stock its 2nd biggest position. Neville Rodie & Shaw Inc.’s holdings in Apple were worth $39,641,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in AAPL. Berkshire Hathaway Inc. boosted its holdings in Apple by 0.6% in the second quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock valued at $18,750,246,000 after acquiring an additional 834,854 shares during the last quarter. Capital Research Global Investors boosted its holdings in Apple by 15.0% in the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after acquiring an additional 3,845,363 shares during the last quarter. Legal & General Group Plc boosted its holdings in Apple by 3.0% in the second quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock valued at $3,759,849,000 after acquiring an additional 771,046 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Apple by 301.3% in the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after acquiring an additional 15,018,790 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Apple by 1.5% in the second quarter. Swiss National Bank now owns 19,169,416 shares of the iPhone maker’s stock valued at $2,760,779,000 after acquiring an additional 275,400 shares during the last quarter. Hedge funds and other institutional investors own 59.62% of the company’s stock.
Apple Inc. (AAPL) opened at $176.42 on Tuesday. The firm has a market cap of $893,216.25, a P/E ratio of 18.91, a PEG ratio of 1.39 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. Apple Inc. has a 1 year low of $114.76 and a 1 year high of $177.20.
Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The company had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. During the same period in the previous year, the firm posted $1.50 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. research analysts predict that Apple Inc. will post 11.18 EPS for the current year.
AAPL has been the topic of several analyst reports. Barclays reiterated a “hold” rating and issued a $146.00 target price on shares of Apple in a report on Monday, September 4th. Wells Fargo & Company reissued a “market perform” rating and issued a $195.00 price target on shares of Apple in a research note on Tuesday, November 14th. Royal Bank of Canada boosted their price target on Apple from $176.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, September 1st. UBS set a $190.00 price target on Apple and gave the company a “buy” rating in a research note on Monday, December 4th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $190.00 target price on shares of Apple in a research report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. Apple presently has an average rating of “Buy” and an average price target of $197.36.
In other news, SVP Johny Srouji sold 5,760 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total value of $1,004,544.00. Following the sale, the senior vice president now owns 81,560 shares of the company’s stock, valued at approximately $14,224,064. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Eduardo H. Cue sold 65,361 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $171.60, for a total transaction of $11,215,947.60. The disclosure for this sale can be found here. Insiders sold 232,967 shares of company stock valued at $37,944,683 over the last 90 days. 0.08% of the stock is owned by corporate 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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