Plancorp LLC Grows Position in Apple (AAPL)

Plancorp LLC increased its holdings in Apple (NASDAQ:AAPL) by 27.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,183 shares of the iPhone maker’s stock after acquiring an additional 3,890 shares during the quarter. Apple makes up about 1.0% of Plancorp LLC’s investment portfolio, making the stock its 21st largest position. Plancorp LLC’s holdings in Apple were worth $3,082,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. FNY Managed Accounts LLC lifted its position in shares of Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 716 shares during the last quarter. Private Vista LLC purchased a new stake in shares of Apple during the second quarter valued at about $122,000. Crow Point Partners LLC lifted its position in shares of Apple by 100.0% during the third quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock valued at $153,000 after buying an additional 500 shares during the last quarter. Oak Point Wealth Management purchased a new stake in shares of Apple during the fourth quarter valued at about $163,000. Finally, Reaves W H & Co. Inc. purchased a new stake in shares of Apple during the second quarter valued at about $200,000. 61.36% of the stock is owned by institutional investors.

In other Apple news, SVP Daniel J. Riccio sold 17,375 shares of the firm’s stock in a transaction on Wednesday, April 4th. The stock was sold at an average price of $169.12, for a total value of $2,938,460.00. Following the transaction, the senior vice president now owns 66,191 shares in the company, valued at approximately $11,194,221.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Philip W. Schiller sold 69,491 shares of the firm’s stock in a transaction on Tuesday, April 3rd. The shares were sold at an average price of $166.42, for a total value of $11,564,692.22. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.



Several analysts have commented on the stock. Nomura reissued a “neutral” rating and set a $175.00 price target on shares of Apple in a research report on Monday, March 19th. BidaskClub lowered shares of Apple from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. BMO Capital Markets lowered shares of Apple from an “outperform” rating to a “market perform” rating and increased their price target for the company from $162.00 to $166.00 in a research report on Wednesday, January 31st. William Blair reissued an “outperform” rating on shares of Apple in a research report on Friday, February 2nd. Finally, Bank of America reissued an “outperform” rating and set a $220.00 price target on shares of Apple in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $203.21.

Shares of NASDAQ:AAPL opened at $174.14 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. The company has a market cap of $874,962.88, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.31 and a beta of 1.25. Apple has a 1 year low of $140.45 and a 1 year high of $183.50.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.82 by $0.07. The company had revenue of $88.29 billion for the quarter, compared to analyst estimates of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the firm posted $3.36 EPS. sell-side analysts expect that Apple will post 11.37 EPS for the current fiscal year.

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Apple 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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