Winslow Evans & Crocker Inc. reduced its holdings in shares of Apple (NASDAQ:AAPL) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,976 shares of the iPhone maker’s stock after selling 1,280 shares during the period. Apple comprises approximately 2.1% of Winslow Evans & Crocker Inc.’s portfolio, making the stock its 5th biggest holding. Winslow Evans & Crocker Inc.’s holdings in Apple were worth $6,595,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of AAPL. Janus Henderson Group PLC boosted its stake in shares of Apple by 301.3% during 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 purchasing an additional 15,018,790 shares during the period. Truepoint Inc. boosted its stake in shares of Apple by 15,559.4% during the third quarter. Truepoint Inc. now owns 4,436,774 shares of the iPhone maker’s stock valued at $4,437,000 after purchasing an additional 4,408,441 shares during the period. Capital Research Global Investors boosted its stake in shares of Apple by 15.0% during 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 purchasing an additional 3,845,363 shares during the period. Stifel Financial Corp boosted its stake in shares of Apple by 9,166.4% during the third quarter. Stifel Financial Corp now owns 3,883,754 shares of the iPhone maker’s stock valued at $598,497,000 after purchasing an additional 3,841,842 shares during the period. Finally, Harding Loevner LP boosted its stake in shares of Apple by 784,734.3% during the third quarter. Harding Loevner LP now owns 3,296,304 shares of the iPhone maker’s stock valued at $188,966,000 after purchasing an additional 3,295,884 shares during the period. Institutional investors and hedge funds own 61.36% of the company’s stock.
A number of analysts have recently weighed in on the company. Nomura reissued a “neutral” rating and set a $175.00 price objective on shares of Apple in a research note on Monday, March 19th. BidaskClub lowered Apple from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. BMO Capital Markets lowered Apple from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $162.00 to $166.00 in a research note on Wednesday, January 31st. William Blair reissued an “outperform” rating on shares of Apple in a research note on Friday, February 2nd. Finally, Bank of America reissued an “outperform” rating and set a $220.00 price objective on shares of Apple in a research note on Thursday, February 8th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. Apple presently has a consensus rating of “Buy” and an average price target of $203.21.
Apple stock opened at $174.14 on Friday. The stock has a market cap of $874,962.88, a price-to-earnings ratio of 18.91, a PEG ratio of 1.31 and a beta of 1.25. Apple has a 52-week low of $140.45 and a 52-week high of $183.50. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.74.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.82 by $0.07. The business had revenue of $88.29 billion during the quarter, compared to the consensus estimate of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.36 EPS. sell-side analysts expect that Apple will post 11.37 earnings per share for the current fiscal year.
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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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