Apple Inc. (AAPL) Position Decreased by Benedict Financial Advisors Inc.
Benedict Financial Advisors Inc. lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 38,646 shares of the iPhone maker’s stock after selling 461 shares during the period. Apple makes up approximately 3.1% of Benedict Financial Advisors Inc.’s investment portfolio, making the stock its 3rd largest position. Benedict Financial Advisors Inc.’s holdings in Apple were worth $5,956,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Berkshire Hathaway Inc. lifted its position in shares of Apple by 0.6% during the 2nd quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock worth $18,750,246,000 after purchasing an additional 834,854 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Apple by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after purchasing an additional 3,845,363 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Apple by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock worth $3,759,849,000 after purchasing an additional 771,046 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Apple by 301.3% during the 2nd quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock worth $2,880,992,000 after purchasing an additional 15,018,790 shares during the last quarter. Finally, Swiss National Bank lifted its position in shares of Apple by 1.5% during the 2nd quarter. Swiss National Bank now owns 19,169,416 shares of the iPhone maker’s stock worth $2,760,779,000 after purchasing an additional 275,400 shares during the last quarter. 60.17% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Apple from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Bank of America reiterated a “buy” rating and set a $180.00 price target on shares of Apple in a research note on Tuesday, September 26th. Rosenblatt Securities reiterated a “neutral” rating and set a $150.00 price target on shares of Apple in a research note on Thursday, September 21st. UBS Group set a $190.00 price target on shares of Apple and gave the stock a “buy” rating in a research note on Friday, January 5th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $180.00 price target (up from $170.00) on shares of Apple in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $198.94.
Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.20. The business had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.50 earnings per share. sell-side analysts expect that Apple Inc. will post 11.18 EPS for the current year.
In other news, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total value of $2,695,726.35. Following the sale, the insider now owns 39,682 shares of the company’s stock, valued at $6,839,192.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Johny Srouji sold 5,760 shares of Apple stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the completion of the sale, the senior vice president now directly owns 81,560 shares in the company, valued at approximately $14,224,064. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,412 shares of company stock worth $22,115,155. Insiders own 0.06% of the company’s stock.
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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.
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