Acropolis Investment Management LLC Grows Position in Apple Inc. (AAPL)
Acropolis Investment Management LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,722 shares of the iPhone maker’s stock after acquiring an additional 354 shares during the quarter. Apple makes up approximately 0.4% of Acropolis Investment Management LLC’s holdings, making the stock its 29th biggest holding. Acropolis Investment Management LLC’s holdings in Apple were worth $2,164,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Morgan Stanley grew its position in Apple by 9.7% in the 3rd quarter. Morgan Stanley now owns 39,188,032 shares of the iPhone maker’s stock worth $8,846,307,000 after purchasing an additional 3,452,792 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in shares of Apple by 1.8% in the third quarter. TIAA CREF Investment Management LLC now owns 26,144,522 shares of the iPhone maker’s stock valued at $5,901,864,000 after acquiring an additional 454,086 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Apple by 18.8% in the third quarter. Janus Henderson Group PLC now owns 20,833,222 shares of the iPhone maker’s stock valued at $4,703,027,000 after acquiring an additional 3,293,674 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Apple by 1.8% in the second quarter. Swiss National Bank now owns 16,874,216 shares of the iPhone maker’s stock valued at $3,123,586,000 after acquiring an additional 304,600 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Apple by 1.6% in the third quarter. Fisher Asset Management LLC now owns 12,349,066 shares of the iPhone maker’s stock valued at $2,787,678,000 after acquiring an additional 189,423 shares in the last quarter. Hedge funds and other institutional investors own 57.29% of the company’s stock.
Shares of NASDAQ:AAPL opened at $188.47 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.25. The company has a market capitalization of $918.10 billion, a P/E ratio of 15.82, a PEG ratio of 1.93 and a beta of 1.13. Apple Inc. has a 52 week low of $142.00 and a 52 week high of $233.47.
AAPL has been the subject of several recent analyst reports. Wedbush upgraded shares of Apple to an “outperform” rating and decreased their price objective for the company from $310.00 to $275.00 in a report on Wednesday, November 28th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $228.00 price objective on shares of Apple and gave the company a “buy” rating in a report on Wednesday, January 30th. Goldman Sachs Group set a $140.00 price objective on shares of Apple and gave the company a “neutral” rating in a report on Tuesday, February 12th. Bank of America upgraded shares of Apple from a “neutral” rating to a “buy” rating and increased their price objective for the company from $180.00 to $210.00 in a report on Monday, March 11th. They noted that the move was a valuation call. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $236.00 price objective (down from $253.00) on shares of Apple in a report on Friday, December 7th. One equities research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $201.93.
In related news, Director Arthur D. Levinson sold 1,521 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $167.71, for a total value of $255,086.91. Following the completion of the sale, the director now owns 1,134,804 shares in the company, valued at approximately $190,317,978.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.05% of the stock is currently owned by corporate insiders.
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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