Rehmann Capital Advisory Group Has $9.45 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Rehmann Capital Advisory Group increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 5.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,720 shares of the iPhone maker’s stock after buying an additional 2,616 shares during the period. Apple comprises approximately 1.2% of Rehmann Capital Advisory Group’s portfolio, making the stock its 16th largest position. Rehmann Capital Advisory Group’s holdings in Apple were worth $9,445,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Invesco Ltd. boosted its position in Apple by 2.6% during the 2nd quarter. Invesco Ltd. now owns 46,879,136 shares of the iPhone maker’s stock worth $9,278,319,000 after buying an additional 1,203,705 shares during the period. Morgan Stanley boosted its position in Apple by 5.8% during the 2nd quarter. Morgan Stanley now owns 36,261,306 shares of the iPhone maker’s stock worth $7,176,836,000 after buying an additional 1,996,126 shares during the period. Nuveen Asset Management LLC boosted its position in Apple by 2,874.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 35,914,893 shares of the iPhone maker’s stock worth $7,108,275,000 after buying an additional 34,707,634 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Apple by 0.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 20,240,790 shares of the iPhone maker’s stock worth $4,006,058,000 after buying an additional 161,912 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its position in shares of Apple by 1.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 13,752,244 shares of the iPhone maker’s stock worth $2,721,844,000 after purchasing an additional 214,362 shares during the period. Institutional investors and hedge funds own 58.63% of the company’s stock.

A number of brokerages have recently issued reports on AAPL. Barclays boosted their price target on shares of Apple from $192.00 to $207.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 11th. Citigroup boosted their price target on shares of Apple from $205.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Longbow Research restated a “hold” rating on shares of Apple in a research report on Monday, September 30th. Macquarie set a $210.00 price target on shares of Apple and gave the stock a “hold” rating in a research report on Tuesday, September 10th. Finally, Nomura boosted their price target on shares of Apple from $180.00 to $185.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $220.53.

Shares of NASDAQ:AAPL traded up $6.19 during mid-day trading on Friday, hitting $227.01. The company had a trading volume of 32,353,046 shares, compared to its average volume of 28,176,304. The firm has a fifty day moving average price of $213.84 and a 200 day moving average price of $201.27. The company has a market capitalization of $1,025.90 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 1.97 and a beta of 1.24. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.50 and a quick ratio of 1.47. Apple Inc. has a one year low of $142.00 and a one year high of $232.35.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.08. The company had revenue of $53.81 billion during the quarter, compared to analyst estimates of $53.39 billion. Apple had a net margin of 21.50% and a return on equity of 52.13%. Apple’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.34 EPS. Research analysts expect that Apple Inc. will post 11.68 earnings per share for the current fiscal year.

In other Apple news, Director Arthur D. Levinson sold 17,500 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $214.02, for a total transaction of $3,745,350.00. Following the completion of the sale, the director now owns 1,150,783 shares in the company, valued at approximately $246,290,577.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 67,554 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $219.04, for a total transaction of $14,797,028.16. Following the sale, the chief operating officer now owns 237,517 shares of the company’s stock, valued at approximately $52,025,723.68. The disclosure for this sale can be found here. Insiders have sold a total of 372,090 shares of company stock valued at $77,691,639 in the last 90 days. 0.05% of the stock is currently owned by company insiders.

About Apple

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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