Apple Inc. (AAPL) Position Increased by Bellecapital International Ltd.
Bellecapital International Ltd. raised its stake in Apple Inc. (NASDAQ:AAPL) by 29.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,405 shares of the iPhone maker’s stock after purchasing an additional 7,969 shares during the quarter. Apple comprises approximately 4.7% of Bellecapital International Ltd.’s holdings, making the stock its 3rd biggest holding. Bellecapital International Ltd.’s holdings in Apple were worth $6,554,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Charter Research & Investment Group Inc. acquired a new position in shares of Apple during the fourth quarter worth approximately $4,379,000. Harbour Investment Management LLC purchased a new stake in Apple in the 4th quarter valued at $3,018,000. Columbus Macro LLC purchased a new stake in Apple in the 4th quarter valued at $6,889,000. PFG Advisors purchased a new stake in Apple in the 4th quarter valued at $330,000. Finally, Delaney Dennis R raised its position in Apple by 49.6% in the 4th quarter. Delaney Dennis R now owns 15,441 shares of the iPhone maker’s stock valued at $2,613,000 after buying an additional 5,117 shares during the last quarter. Institutional investors own 58.54% of the company’s stock.
Shares of Apple stock opened at $220.79 on Tuesday. Apple Inc. has a 1 year low of $149.16 and a 1 year high of $229.67. The firm has a market cap of $1,069.83 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 1.92 and a beta of 1.32. The company has a quick ratio of 1.24, a current ratio of 1.31 and a debt-to-equity ratio of 0.84.
A number of equities research analysts recently commented on AAPL shares. BidaskClub raised Apple from a “hold” rating to a “buy” rating in a research report on Tuesday, May 29th. Maxim Group lowered Apple from a “buy” rating to a “hold” rating and lowered their price target for the company from $204.00 to $200.00 in a research report on Wednesday, May 30th. UBS Group increased their price target on Apple from $190.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, June 1st. Royal Bank of Canada increased their price target on Apple from $203.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, June 5th. Finally, Goldman Sachs Group reissued a “neutral” rating and issued a $164.00 price target on shares of Apple in a research report on Tuesday, June 5th. Two investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-nine have given a buy rating to the stock. Apple currently has a consensus rating of “Buy” and a consensus price target of $217.66.
In other news, CEO Timothy D. Cook sold 265,160 shares of the stock in a transaction on Monday, August 27th. The stock was sold at an average price of $217.79, for a total transaction of $57,749,196.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Johny Srouji sold 14,140 shares of the stock in a transaction on Friday, August 17th. The stock was sold at an average price of $214.98, for a total value of $3,039,817.20. Following the transaction, the insider now owns 68,302 shares of the company’s stock, valued at approximately $14,683,563.96. The disclosure for this sale can be found here. Insiders have sold a total of 378,400 shares of company stock valued at $81,052,754 in the last quarter. 0.06% of the stock is owned by corporate insiders.
Apple Company Profile
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
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