Beacon Capital Management Inc. Has $208,000 Stake in Apple Inc. (AAPL)
Beacon Capital Management Inc. lifted its stake in Apple Inc. (NASDAQ:AAPL) by 40.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,443 shares of the iPhone maker’s stock after buying an additional 413 shares during the period. Apple makes up approximately 0.0% of Beacon Capital Management Inc.’s investment portfolio, making the stock its 23rd biggest position. Beacon Capital Management Inc.’s holdings in Apple were worth $208,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the stock. Stonehearth Capital Management LLC increased its holdings in Apple by 0.8% in the 1st quarter. Stonehearth Capital Management LLC now owns 2,378 shares of the iPhone maker’s stock valued at $342,000 after buying an additional 20 shares during the period. Lenox Wealth Advisors Inc. raised its position in shares of Apple by 0.4% in the 2nd quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock valued at $716,000 after buying an additional 20 shares in the last quarter. Sippican Capital Advisors raised its position in shares of Apple by 0.5% in the 1st quarter. Sippican Capital Advisors now owns 4,912 shares of the iPhone maker’s stock valued at $706,000 after buying an additional 26 shares in the last quarter. Cordasco Financial Network raised its position in shares of Apple by 1.0% in the 1st quarter. Cordasco Financial Network now owns 3,184 shares of the iPhone maker’s stock valued at $457,000 after buying an additional 31 shares in the last quarter. Finally, Lbmc Investment Advisors LLC raised its position in shares of Apple by 1.1% in the 1st quarter. Lbmc Investment Advisors LLC now owns 5,386 shares of the iPhone maker’s stock valued at $774,000 after buying an additional 59 shares in the last quarter. Institutional investors and hedge funds own 60.36% of the company’s stock.
In other Apple news, SVP Johny Srouji sold 10,469 shares of Apple stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $162.20, for a total transaction of $1,698,071.80. Following the completion of the sale, the senior vice president now directly owns 76,250 shares in the company, valued at approximately $12,367,750. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel J. Riccio sold 11,949 shares of Apple stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $142.86, for a total transaction of $1,707,034.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 432,930 shares of company stock worth $69,008,577. 0.08% of the stock is owned by insiders.
Apple Inc. (NASDAQ:AAPL) traded down 0.594% on Monday, hitting $153.205. The stock had a trading volume of 10,793,185 shares. The company has a 50-day moving average price of $159.51 and a 200 day moving average price of $149.86. Apple Inc. has a 52-week low of $104.08 and a 52-week high of $164.94. The firm has a market cap of $791.34 billion, a PE ratio of 17.394 and a beta of 1.27.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.10. Apple had a return on equity of 35.40% and a net margin of 20.87%. The firm had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. During the same period last year, the business posted $1.42 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts forecast that Apple Inc. will post $9.00 earnings per share for the current fiscal year.
Several analysts recently issued reports on AAPL shares. Vetr upgraded shares of Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 price target on the stock in a research report on Friday, September 22nd. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $170.00 price objective on shares of Apple in a research report on Wednesday, June 21st. Nomura restated a “buy” rating and set a $165.00 price objective on shares of Apple in a research report on Wednesday, July 5th. Maxim Group boosted their price objective on shares of Apple from $171.00 to $180.00 and gave the company a “buy” rating in a research report on Monday, June 19th. Finally, Bank of America Corporation restated a “buy” rating and set a $180.00 target price on shares of Apple in a research note on Tuesday, September 26th. Ten investment analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. Apple currently has a consensus rating of “Buy” and an average target price of $188.96.
COPYRIGHT VIOLATION WARNING: This story was first reported by Watch List News and is the property of of Watch List News. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this story can be read at https://www.watchlistnews.com/beacon-capital-management-inc-has-208000-stake-in-apple-inc-aapl/1603568.html.
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.
Receive News & Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.