Bell & Brown Wealth Advisors LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 2.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,413 shares of the iPhone maker’s stock after selling 761 shares during the period. Apple comprises 5.1% of Bell & Brown Wealth Advisors LLC’s investment portfolio, making the stock its biggest position. Bell & Brown Wealth Advisors LLC’s holdings in Apple were worth $6,155,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AAPL. Centaurus Financial Inc. boosted its position in Apple by 17.9% during the first quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock worth $44,000 after acquiring an additional 1,262 shares during the last quarter. Semmax Financial Advisors Inc. acquired a new position in Apple during the fourth quarter worth about $50,000. Avondale Wealth Management boosted its position in Apple by 25.4% during the second quarter. Avondale Wealth Management now owns 316 shares of the iPhone maker’s stock worth $63,000 after acquiring an additional 64 shares during the last quarter. NuWave Investment Management LLC boosted its position in Apple by 2,245.0% during the second quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker’s stock worth $93,000 after acquiring an additional 449 shares during the last quarter. Finally, Horan Securities Inc. boosted its position in Apple by 64.2% during the second quarter. Horan Securities Inc. now owns 565 shares of the iPhone maker’s stock worth $112,000 after acquiring an additional 221 shares during the last quarter. 58.63% of the stock is owned by institutional investors.
A number of research firms recently weighed in on AAPL. Monness Crespi & Hardt restated a “buy” rating and set a $265.00 price target (up from $245.00) on shares of Apple in a research report on Wednesday, July 31st. Credit Suisse Group set a $209.00 price target on shares of Apple and gave the stock a “neutral” rating in a research report on Friday, October 4th. Morgan Stanley set a $247.00 price target on shares of Apple and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Wedbush restated an “outperform” rating on shares of Apple in a research report on Wednesday, October 2nd. Finally, BidaskClub upgraded shares of Apple from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 27th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $221.64.
Shares of Apple stock traded up $2.63 on Wednesday, reaching $227.03. The company had a trading volume of 10,102,708 shares, compared to its average volume of 30,093,834. The firm’s 50 day moving average price is $215.63 and its two-hundred day moving average price is $202.07. The firm has a market cap of $1,014.10 billion, a PE ratio of 19.06, a PEG ratio of 2.00 and a beta of 1.24. Apple Inc. has a 52-week low of $142.00 and a 52-week high of $229.93. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.47 and a current ratio of 1.50.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.08. The business had revenue of $53.81 billion for the quarter, compared to the consensus estimate of $53.39 billion. Apple had a net margin of 21.50% and a return on equity of 52.13%. The business’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.34 EPS. As a group, sell-side analysts predict that Apple Inc. will post 11.68 EPS for the current year.
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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