BW Gestao de Investimentos Ltda. boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 31.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 176,750 shares of the iPhone maker’s stock after acquiring an additional 41,950 shares during the quarter. Apple accounts for approximately 10.9% of BW Gestao de Investimentos Ltda.’s investment portfolio, making the stock its 3rd biggest holding. BW Gestao de Investimentos Ltda.’s holdings in Apple were worth $39,900,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AAPL. Gibraltar Capital Management Inc. grew its position in Apple by 0.4% in the third quarter. Gibraltar Capital Management Inc. now owns 59,517 shares of the iPhone maker’s stock worth $13,435,000 after acquiring an additional 235 shares in the last quarter. West Chester Capital Advisors Inc. grew its position in Apple by 1.5% in the third quarter. West Chester Capital Advisors Inc. now owns 15,824 shares of the iPhone maker’s stock worth $3,572,000 after acquiring an additional 236 shares in the last quarter. Ironwood Financial llc grew its position in Apple by 9.5% in the third quarter. Ironwood Financial llc now owns 2,775 shares of the iPhone maker’s stock worth $626,000 after acquiring an additional 241 shares in the last quarter. Capital Investment Services of America Inc. grew its position in Apple by 10.0% in the third quarter. Capital Investment Services of America Inc. now owns 2,703 shares of the iPhone maker’s stock worth $610,000 after acquiring an additional 245 shares in the last quarter. Finally, Anderson Hoagland & Co. grew its position in Apple by 1.3% in the third quarter. Anderson Hoagland & Co. now owns 19,900 shares of the iPhone maker’s stock worth $4,551,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 56.40% of the company’s stock.

Several analysts have weighed in on AAPL shares. UBS Group boosted their price target on shares of Apple from $180.00 to $185.00 in a research note on Wednesday, January 30th. Robert W. Baird reissued a “buy” rating and issued a $230.00 price target on shares of Apple in a research note on Monday, November 19th. Royal Bank of Canada reissued a “buy” rating and issued a $240.00 price target on shares of Apple in a research note on Monday, November 19th. Loop Capital lowered their price target on shares of Apple to $225.00 and set a “buy” rating for the company in a research note on Monday, November 26th. Finally, Canaccord Genuity lowered their price target on shares of Apple from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, November 29th. One analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and twenty-four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $193.19.

AAPL stock opened at $186.12 on Friday. Apple Inc. has a 1 year low of $142.00 and a 1 year high of $233.47. The stock has a market capitalization of $889.20 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.85 and a beta of 1.13. The company has a quick ratio of 1.25, a current ratio of 1.30 and a debt-to-equity ratio of 0.79.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, January 29th. The iPhone maker reported $4.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.17 by $0.01. Apple had a net margin of 22.72% and a return on equity of 50.92%. The company had revenue of $84.31 billion during the quarter, compared to the consensus estimate of $84.07 billion. On average, equities analysts anticipate that Apple Inc. will post 11.38 earnings per share for the current fiscal year.

In related news, Director Arthur D. Levinson sold 1,521 shares of the stock in a transaction dated 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 transaction, the director now directly owns 1,134,804 shares of the company’s stock, valued at $190,317,978.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.05% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: This news story was reported by Watch List News and is owned by of Watch List News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://www.watchlistnews.com/apple-inc-aapl-shares-bought-by-bw-gestao-de-investimentos-ltda/2896376.html.

About Apple

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.

Recommended Story: What is Net Asset Value (NAV)?

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.