Norman Fields Gottscho Capital Management LLC increased its stake in Apple Inc. (NASDAQ:AAPL) by 5.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,278 shares of the iPhone maker’s stock after buying an additional 2,000 shares during the period. Apple accounts for 3.9% of Norman Fields Gottscho Capital Management LLC’s portfolio, making the stock its 6th largest position. Norman Fields Gottscho Capital Management LLC’s holdings in Apple were worth $7,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Telemus Capital LLC lifted its stake in Apple by 68.5% during the fourth quarter. Telemus Capital LLC now owns 140,935 shares of the iPhone maker’s stock worth $23,850,000 after purchasing an additional 57,270 shares during the last quarter. Aperio Group LLC lifted its stake in Apple by 4.8% during the fourth quarter. Aperio Group LLC now owns 3,244,522 shares of the iPhone maker’s stock worth $549,070,000 after purchasing an additional 147,331 shares during the last quarter. Stuart Chaussee & Associates Inc. lifted its stake in Apple by 940.8% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 1,072 shares of the iPhone maker’s stock worth $181,000 after purchasing an additional 969 shares during the last quarter. Inverness Counsel LLC NY lifted its stake in Apple by 9.3% during the fourth quarter. Inverness Counsel LLC NY now owns 168,139 shares of the iPhone maker’s stock worth $28,454,000 after purchasing an additional 14,252 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new position in Apple during the fourth quarter worth $2,282,000. 58.54% of the stock is owned by institutional investors.

Several equities analysts recently issued reports on AAPL shares. BidaskClub cut Apple from a “buy” rating to a “hold” rating in a research note on Wednesday, May 23rd. Morgan Stanley restated an “overweight” rating and set a $214.00 price objective (up from $200.00) on shares of Apple in a research note on Thursday, May 24th. They noted that the move was a valuation call. Maxim Group cut Apple from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $204.00 to $200.00 in a research note on Wednesday, May 30th. UBS Group raised their price objective on Apple from $190.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, June 1st. Finally, Royal Bank of Canada increased their target price on Apple from $203.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 5th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and twenty-nine have issued a buy rating to the company. Apple currently has an average rating of “Buy” and a consensus price target of $217.53.

In related news, CEO Timothy D. Cook sold 265,160 shares of Apple stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $217.79, for a total transaction of $57,749,196.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Johny Srouji sold 14,140 shares of Apple stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $214.98, for a total value of $3,039,817.20. Following the transaction, the insider now directly owns 68,302 shares in the company, valued at $14,683,563.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 378,400 shares of company stock worth $81,052,754. 0.08% of the stock is owned by corporate insiders.

NASDAQ:AAPL opened at $218.37 on Thursday. The stock has a market cap of $1,072.68 billion, a P/E ratio of 19.79, a PEG ratio of 1.92 and a beta of 1.33. Apple Inc. has a 52-week low of $149.16 and a 52-week high of $229.67. The company has a current ratio of 1.31, a quick ratio of 1.24 and a debt-to-equity ratio of 0.84.

Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, July 31st. The iPhone maker reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.16. The firm had revenue of $53.27 billion for the quarter, compared to analyst estimates of $52.43 billion. Apple had a return on equity of 43.50% and a net margin of 21.98%. Apple’s revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.67 earnings per share. sell-side analysts anticipate that Apple Inc. will post 11.76 earnings per share for the current fiscal year.

Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

Read More: Fundamental Analysis – How It Helps Investors

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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