Apple Inc. (AAPL) Shares Bought by OLD Point Trust & Financial Services N A
OLD Point Trust & Financial Services N A lifted its position in Apple Inc. (NASDAQ:AAPL) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,824 shares of the iPhone maker’s stock after buying an additional 50 shares during the quarter. OLD Point Trust & Financial Services N A’s holdings in Apple were worth $406,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Hefty Wealth Partners increased its holdings in Apple by 27.6% during the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 174 shares during the period. American Beacon Advisors Inc. purchased a new stake in Apple during the 1st quarter worth about $117,000. State of Alaska Department of Revenue purchased a new stake in Apple during the 2nd quarter worth about $149,000. D. Scott Neal Inc. increased its holdings in Apple by 19.8% during the 2nd quarter. D. Scott Neal Inc. now owns 1,212 shares of the iPhone maker’s stock worth $175,000 after purchasing an additional 200 shares during the period. Finally, Advocacy Wealth Management Services LLC increased its holdings in Apple by 4.0% during the 2nd quarter. Advocacy Wealth Management Services LLC now owns 1,337 shares of the iPhone maker’s stock worth $193,000 after purchasing an additional 52 shares during the period. Hedge funds and other institutional investors own 60.33% of the company’s stock.
Apple Inc. (AAPL) opened at 156.25 on Friday. The firm has a market cap of $807.07 billion, a price-to-earnings ratio of 17.74 and a beta of 1.27. The company has a 50-day moving average of $157.09 and a 200 day moving average of $152.10. Apple Inc. has a 52-week low of $104.08 and a 52-week high of $164.94.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The business had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. During the same quarter in the previous year, the company earned $1.42 EPS. The business’s revenue was up 7.2% on a year-over-year basis. On average, equities research analysts anticipate that Apple Inc. will post $9.01 EPS for the current year.
In other Apple news, CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $160.63, for a total value of $43,148,912.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Johny Srouji sold 5,892 shares of Apple stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $161.00, for a total transaction of $948,612.00. Following the completion of the sale, the insider now owns 70,358 shares of the company’s stock, valued at approximately $11,327,638. The disclosure for this sale can be found here. Insiders sold a total of 541,177 shares of company stock valued at $85,864,804 in the last quarter. Corporate insiders own 0.08% of the company’s stock.
Several equities research analysts have weighed in on the company. Royal Bank Of Canada restated an “outperform” rating and set a $160.08 price target (down previously from $176.00) on shares of Apple in a report on Wednesday, August 9th. Longbow Research restated a “buy” rating and set a $173.00 price target on shares of Apple in a report on Friday, August 11th. Instinet restated a “buy” rating and set a $175.00 price target (up previously from $165.00) on shares of Apple in a report on Wednesday, August 2nd. Rosenblatt Securities restated a “neutral” rating and set a $150.00 price target on shares of Apple in a report on Thursday, September 21st. Finally, Bank of America Corporation restated a “buy” rating and set a $180.00 price target on shares of Apple in a report on Tuesday, September 26th. Seven research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company. Apple presently has a consensus rating of “Buy” and an average target price of $190.67.
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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