Schneider Downs Wealth Management Advisors LP increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 18.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,433 shares of the iPhone maker’s stock after buying an additional 682 shares during the period. Apple accounts for about 0.3% of Schneider Downs Wealth Management Advisors LP’s portfolio, making the stock its 17th largest position. Schneider Downs Wealth Management Advisors LP’s holdings in Apple were worth $501,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Apple by 0.4% in the second quarter. Vanguard Group Inc. now owns 331,395,817 shares of the iPhone maker’s stock worth $31,681,440,000 after buying an additional 1,408,642 shares in the last quarter. BlackRock Group LTD boosted its stake in Apple by 1.6% in the second quarter. BlackRock Group LTD now owns 48,083,386 shares of the iPhone maker’s stock worth $4,596,772,000 after buying an additional 759,339 shares in the last quarter. Legal & General Group Plc boosted its stake in Apple by 2.6% in the second quarter. Legal & General Group Plc now owns 24,474,691 shares of the iPhone maker’s stock worth $2,339,700,000 after buying an additional 625,760 shares in the last quarter. Cohen & Steers Inc. boosted its stake in Apple by 6,771.0% in the second quarter. Cohen & Steers Inc. now owns 22,633,195 shares of the iPhone maker’s stock worth $999,482,000 after buying an additional 22,303,795 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in Apple by 20.2% in the second quarter. Franklin Resources Inc. now owns 17,027,764 shares of the iPhone maker’s stock worth $1,627,849,000 after buying an additional 2,857,040 shares in the last quarter. Institutional investors and hedge funds own 56.95% of the company’s stock.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Shares of Apple Inc. (NASDAQ:AAPL) traded down 0.18% during midday trading on Friday, hitting $119.04. 26,111,948 shares of the stock traded hands. The company has a market capitalization of $634.76 billion, a price-to-earnings ratio of 14.32 and a beta of 1.30. The firm’s 50-day moving average is $113.88 and its 200 day moving average is $108.94. Apple Inc. has a 52 week low of $89.47 and a 52 week high of $119.93.

Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, October 25th. The iPhone maker reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.01. The business had revenue of $46.85 billion for the quarter, compared to the consensus estimate of $46.88 billion. Apple had a return on equity of 35.59% and a net margin of 21.19%. The business’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.96 earnings per share. Equities analysts forecast that Apple Inc. will post $8.95 earnings per share for the current year.

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AAPL has been the topic of a number of research analyst reports. Credit Suisse Group reiterated an “outperform” rating and set a $150.00 target price on shares of Apple in a research report on Thursday, September 15th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $124.00 target price on shares of Apple in a research report on Wednesday, October 12th. Citigroup Inc. lifted their target price on Apple from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, September 30th. Brean Capital reiterated a “buy” rating on shares of Apple in a research report on Friday, January 6th. Finally, Nomura reiterated a “buy” rating and set a $135.00 target price on shares of Apple in a research report on Tuesday, December 6th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, forty-one have issued a buy rating and three have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $129.17.

In related news, insider Daniel J. Riccio sold 10,942 shares of Apple stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $116.07, for a total transaction of $1,270,037.94. Following the transaction, the insider now owns 11,542 shares in the company, valued at $1,339,679.94. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Luca Maestri sold 4,010 shares of Apple stock in a transaction that occurred on Friday, January 6th. The stock was sold at an average price of $117.88, for a total value of $472,698.80. Following the transaction, the insider now owns 422 shares in the company, valued at approximately $49,745.36. The disclosure for this sale can be found here. 0.08% of the stock is owned by 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.

5 Day Chart for NASDAQ:AAPL

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