Gs Investments Inc. bought a new position in shares of Apple Inc. (NASDAQ:AAPL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 29,024 shares of the iPhone maker’s stock, valued at approximately $4,180,000. Apple makes up about 3.1% of Gs Investments Inc.’s portfolio, making the stock its 6th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of AAPL. Berkshire Hathaway Inc. increased its stake in shares of Apple by 0.6% in the second quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock valued at $18,750,246,000 after buying an additional 834,854 shares during the period. Capital Research Global Investors increased its stake in shares of Apple by 15.0% in the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after buying an additional 3,845,363 shares during the period. Legal & General Group Plc increased its stake in shares of Apple by 3.0% in the second quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock valued at $3,759,849,000 after buying an additional 771,046 shares during the period. Janus Henderson Group PLC increased its stake in shares of Apple by 301.3% in the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after buying an additional 15,018,790 shares during the period. Finally, Swiss National Bank increased its stake in shares of Apple by 1.5% in the second quarter. Swiss National Bank now owns 19,169,416 shares of the iPhone maker’s stock valued at $2,760,779,000 after buying an additional 275,400 shares during the period. 59.78% of the stock is owned by hedge funds and other institutional investors.

In other Apple news, insider Philip W. Schiller sold 56,808 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $154.70, for a total value of $8,788,197.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Angela J. Ahrendts sold 63,388 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $154.21, for a total value of $9,775,063.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 232,967 shares of company stock valued at $37,944,683. 0.08% of the stock is owned by corporate insiders.

Shares of Apple Inc. (AAPL) opened at $173.97 on Friday. Apple Inc. has a twelve month low of $114.76 and a twelve month high of $176.24. The firm has a market capitalization of $893,216.25, a PE ratio of 18.91, a P/E/G ratio of 1.39 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The company had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. During the same quarter last year, the firm posted $1.50 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. analysts forecast that Apple Inc. will post 11.18 earnings per share for the current year.

Several research firms have recently issued reports on AAPL. Bank of America reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Apple in a research note on Tuesday, September 26th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $150.00 price objective on shares of Apple in a research note on Thursday, September 21st. Sanford C. Bernstein reissued a “buy” rating and set a $175.00 target price on shares of Apple in a research report on Tuesday, September 26th. Raymond James Financial reissued an “outperform” rating and set a $180.00 target price (up previously from $170.00) on shares of Apple in a research report on Tuesday, September 26th. Finally, Mizuho reissued a “neutral” rating and set a $150.00 target price on shares of Apple in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the stock. Apple currently has a consensus rating of “Buy” and an average price target of $197.57.

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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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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