Campbell & CO Investment Adviser LLC Takes $864,000 Position in Apple Inc. (AAPL)
Campbell & CO Investment Adviser LLC acquired a new position in Apple Inc. (NASDAQ:AAPL) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,001 shares of the iPhone maker’s stock, valued at approximately $864,000. Apple accounts for 0.8% of Campbell & CO Investment Adviser LLC’s holdings, making the stock its 11th largest holding.
Other institutional investors and hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board lifted its holdings in shares of Apple by 23.2% during the first quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock valued at $1,334,527,000 after purchasing an additional 1,749,797 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Apple during the first quarter valued at approximately $190,134,000. State of Wisconsin Investment Board lifted its holdings in shares of Apple by 15.5% during the first quarter. State of Wisconsin Investment Board now owns 5,578,551 shares of the iPhone maker’s stock valued at $801,415,000 after purchasing an additional 749,158 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Apple by 502.9% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 859,200 shares of the iPhone maker’s stock valued at $123,742,000 after purchasing an additional 716,683 shares during the last quarter. Finally, Achmea Investment Management B.V. purchased a new position in shares of Apple during the first quarter valued at approximately $84,453,000. Institutional investors and hedge funds own 60.33% of the company’s stock.
In other Apple news, SVP D Bruce Sewell sold 31,625 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $158.13, for a total value of $5,000,861.25. Following the completion of the transaction, the senior vice president now directly owns 112,430 shares in the company, valued at $17,778,555.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 268,623 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $160.63, for a total value of $43,148,912.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 541,177 shares of company stock valued at $85,864,804. 0.08% of the stock is owned by corporate insiders.
Shares of Apple Inc. (NASDAQ AAPL) opened at 156.25 on Friday. The stock has a market cap of $807.07 billion, a P/E ratio of 17.74 and a beta of 1.27. Apple Inc. has a 52-week low of $104.08 and a 52-week high of $164.94. The company has a 50-day moving average of $157.09 and a 200 day moving average of $152.10.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.10. The business had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. Apple’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the company earned $1.42 earnings per share. Equities research analysts forecast that Apple Inc. will post $9.01 EPS for the current fiscal year.
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A number of equities analysts recently weighed in on AAPL shares. Barclays PLC restated a “hold” rating and issued a $146.00 price objective on shares of Apple in a report on Monday, September 4th. Piper Jaffray Companies restated an “overweight” rating and issued a $190.00 price objective on shares of Apple in a report on Tuesday, September 5th. Robert W. Baird restated a “buy” rating and issued a $172.00 price objective on shares of Apple in a report on Tuesday, September 5th. Royal Bank Of Canada boosted their price objective on shares of Apple from $176.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, September 1st. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $175.00 price objective on shares of Apple in a report on Wednesday, September 6th. Seven research analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target 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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