Sprott Inc. Sells 5,525 Shares of Apple Inc. (AAPL)
Sprott Inc. trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL) by 6.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,530 shares of the iPhone maker’s stock after selling 5,525 shares during the quarter. Sprott Inc.’s holdings in Apple were worth $12,030,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Menlo Advisors LLC raised its stake in shares of Apple by 1.2% during the 2nd quarter. Menlo Advisors LLC now owns 26,058 shares of the iPhone maker’s stock worth $3,752,000 after buying an additional 300 shares in the last quarter. Northstar Group Inc. raised its stake in shares of Apple by 1.0% during the 2nd quarter. Northstar Group Inc. now owns 27,063 shares of the iPhone maker’s stock worth $3,898,000 after buying an additional 258 shares in the last quarter. NEXT Financial Group Inc raised its stake in shares of Apple by 3.4% during the 2nd quarter. NEXT Financial Group Inc now owns 87,387 shares of the iPhone maker’s stock worth $12,585,000 after buying an additional 2,858 shares in the last quarter. Hills Bank & Trust Co. raised its stake in shares of Apple by 2.0% during the 2nd quarter. Hills Bank & Trust Co. now owns 42,076 shares of the iPhone maker’s stock worth $6,060,000 after buying an additional 808 shares in the last quarter. Finally, Acropolis Investment Management LLC raised its stake in shares of Apple by 1.1% during the 2nd quarter. Acropolis Investment Management LLC now owns 19,062 shares of the iPhone maker’s stock worth $2,745,000 after buying an additional 200 shares in the last quarter. 60.36% of the stock is owned by institutional investors.
In other Apple news, Director Arthur D. Levinson sold 35,000 shares of Apple stock in a transaction on Monday, August 7th. The shares were sold at an average price of $157.58, for a total value of $5,515,300.00. Following the sale, the director now directly owns 1,168,283 shares in the company, valued at approximately $184,098,035.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela J. Ahrendts sold 63,388 shares of Apple stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. Insiders sold a total of 541,177 shares of company stock worth $85,864,804 over the last quarter. Company insiders own 0.08% of the company’s stock.
A number of equities analysts have recently issued reports on AAPL shares. UBS AG reissued a “buy” rating and set a $170.00 target price on shares of Apple in a research note on Monday, July 31st. Wells Fargo & Company reissued a “market perform” rating and set a $140.00 target price on shares of Apple in a research note on Saturday, July 22nd. KeyCorp reissued an “equal weight” rating on shares of Apple in a research note on Friday, August 4th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $170.00 target price on shares of Apple in a research note on Wednesday, June 21st. Finally, Morgan Stanley reissued an “overweight” rating and set a $177.00 target price on shares of Apple in a research note on Friday, June 16th. Nine research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $189.61.
Apple Inc. (NASDAQ AAPL) traded down 0.06% during trading on Friday, hitting $155.30. 17,407,558 shares of the stock traded hands. The company’s 50 day moving average is $158.00 and its 200 day moving average is $151.02. Apple Inc. has a one year low of $104.08 and a one year high of $164.94. The company has a market capitalization of $802.16 billion, a P/E ratio of 17.63 and a beta of 1.27.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The business had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. During the same period last year, the business posted $1.42 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts forecast that Apple Inc. will post $9.01 EPS for the current fiscal year.
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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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