Welch Group LLC Increases Position in Apple Inc. (AAPL)
Welch Group LLC boosted its stake in Apple Inc. (NASDAQ:AAPL) by 0.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 24,019 shares of the iPhone maker’s stock after buying an additional 204 shares during the period. Welch Group LLC’s holdings in Apple were worth $3,789,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Morgan Stanley grew its position in shares of Apple by 9.7% during the 3rd quarter. Morgan Stanley now owns 39,188,032 shares of the iPhone maker’s stock worth $8,846,307,000 after purchasing an additional 3,452,792 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Apple by 18.8% during the 3rd quarter. Janus Henderson Group PLC now owns 20,833,222 shares of the iPhone maker’s stock worth $4,703,027,000 after acquiring an additional 3,293,674 shares in the last quarter. Royal London Asset Management Ltd. acquired a new stake in shares of Apple during the 2nd quarter worth approximately $385,873,000. Federated Investors Inc. PA boosted its position in shares of Apple by 88.4% during the 3rd quarter. Federated Investors Inc. PA now owns 1,192,947 shares of the iPhone maker’s stock worth $269,295,000 after acquiring an additional 559,737 shares in the last quarter. Finally, Bank of Nova Scotia boosted its position in shares of Apple by 52.6% during the 2nd quarter. Bank of Nova Scotia now owns 1,578,812 shares of the iPhone maker’s stock worth $292,261,000 after acquiring an additional 544,275 shares in the last quarter. Institutional investors and hedge funds own 57.29% of the company’s stock.
Shares of AAPL stock traded up $1.97 during trading hours on Wednesday, hitting $188.76. 7,015,240 shares of the company’s stock traded hands, compared to its average volume of 30,004,140. The company has a market capitalization of $918.10 billion, a P/E ratio of 15.85, a PEG ratio of 1.93 and a beta of 1.13. Apple Inc. has a 12 month low of $142.00 and a 12 month high of $233.47. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.25 and a current ratio of 1.30.
AAPL has been the topic of several analyst reports. JPMorgan Chase & Co. reiterated a “buy” rating and set a $228.00 price target on shares of Apple in a research report on Friday, January 11th. Royal Bank of Canada reiterated a “buy” rating and set a $185.00 price target on shares of Apple in a research report on Friday, January 18th. Rosenblatt Securities set a $165.00 price target on shares of Apple and gave the stock a “neutral” rating in a research report on Thursday, December 6th. ValuEngine lowered shares of Apple from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. Finally, Loop Capital downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $145.69 price objective for the company. in a research note on Thursday, January 3rd. One investment analyst has rated the stock with a sell rating, twenty-three have issued a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $201.93.
In other news, Director Arthur D. Levinson sold 1,521 shares of the stock in a transaction on Friday, February 1st. The shares were sold at an average price of $167.71, for a total transaction of $255,086.91. Following the completion of the sale, the director now directly owns 1,134,804 shares in the company, valued at $190,317,978.84. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.05% of the company’s stock.
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Apple Company Profile
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
See Also: Balance Sheet
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