Barry Investment Advisors LLC Has $1.34 Million Holdings in Apple Inc. (AAPL)
Barry Investment Advisors LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 4.2% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 5,943 shares of the iPhone maker’s stock after selling 258 shares during the period. Barry Investment Advisors LLC’s holdings in Apple were worth $1,342,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of AAPL. Delphi Private Advisors LLC bought a new position in shares of Apple during the 2nd quarter valued at about $120,000. CX Institutional bought a new position in shares of Apple during the 2nd quarter valued at about $135,000. Selective Wealth Management bought a new position in shares of Apple in the 3rd quarter valued at about $194,000. Lawson Kroeker Investment Management Inc. NE bought a new position in shares of Apple in the 3rd quarter valued at about $201,000. Finally, Boston Standard Wealth Management LLC bought a new position in shares of Apple in the 3rd quarter valued at about $204,000. Institutional investors and hedge funds own 57.05% of the company’s stock.
A number of brokerages recently commented on AAPL. Royal Bank of Canada reaffirmed a “buy” rating and issued a $185.00 price target on shares of Apple in a report on Friday, January 18th. Maxim Group lowered their price target on shares of Apple from $212.00 to $160.00 and set a “hold” rating for the company in a report on Thursday, January 3rd. They noted that the move was a valuation call. BidaskClub downgraded shares of Apple from a “buy” rating to a “hold” rating in a report on Tuesday, November 13th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $160.00 price target (down previously from $225.00) on shares of Apple in a report on Thursday, January 3rd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $200.00 price target (down previously from $275.00) on shares of Apple in a report on Thursday, January 3rd. Three research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and twenty-two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $195.33.
Shares of NASDAQ:AAPL opened at $157.76 on Friday. The company has a market cap of $753.49 billion, a PE ratio of 13.25, a P/E/G ratio of 1.48 and a beta of 1.23. Apple Inc. has a one year low of $142.00 and a one year high of $233.47. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.09 and a current ratio of 1.12.
Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, November 1st. The iPhone maker reported $2.91 EPS for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.13. The business had revenue of $62.90 billion for the quarter, compared to analyst estimates of $61.55 billion. Apple had a net margin of 22.41% and a return on equity of 48.68%. The company’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same period last year, the company posted $2.07 earnings per share. Sell-side analysts anticipate that Apple Inc. will post 11.89 earnings per share for the current year.
Apple Company Profile
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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