Segment Wealth Management LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,928 shares of the iPhone maker’s stock after purchasing an additional 452 shares during the period. Apple comprises approximately 1.6% of Segment Wealth Management LLC’s holdings, making the stock its 10th largest holding. Segment Wealth Management LLC’s holdings in Apple were worth $6,000,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in AAPL. YHB Investment Advisors Inc. boosted its position in Apple by 7.6% during the 2nd quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock valued at $19,614,000 after acquiring an additional 9,663 shares in the last quarter. Lederer & Associates Investment Counsel CA boosted its position in shares of Apple by 2.1% in the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock worth $5,377,000 after purchasing an additional 779 shares in the last quarter. Empirical Financial Services LLC boosted its position in shares of Apple by 23.9% in the 2nd quarter. Empirical Financial Services LLC now owns 21,558 shares of the iPhone maker’s stock worth $3,105,000 after purchasing an additional 4,154 shares in the last quarter. Carnick & Kubik Group LLC boosted its position in shares of Apple by 14.4% in the 2nd quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock worth $2,987,000 after purchasing an additional 2,612 shares in the last quarter. Finally, GenTrust LLC boosted its position in shares of Apple by 1,022.9% in the 2nd quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock worth $4,942,000 after purchasing an additional 31,259 shares in the last quarter. Institutional investors own 60.17% of the company’s stock.
A number of analysts have recently commented on the company. Zacks Investment Research cut Apple from a “buy” rating to a “hold” rating in a research report on Monday. UBS Group set a $190.00 price target on Apple and gave the stock a “buy” rating in a research report on Friday, January 5th. Barclays set a $162.00 price target on Apple and gave the stock a “neutral” rating in a research report on Wednesday, January 3rd. Piper Jaffray Companies reissued a “buy” rating and issued a $200.00 price target on shares of Apple in a research report on Tuesday, January 2nd. Finally, Rosenblatt Securities set a $180.00 price target on Apple and gave the stock a “buy” rating in a research report on Monday, January 1st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Apple currently has a consensus rating of “Buy” and an average target price of $198.70.
Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.20. The business had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.50 EPS. equities research analysts predict that Apple Inc. will post 11.18 earnings per share for the current year.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total transaction of $2,695,726.35. Following the completion of the sale, the insider now directly owns 39,682 shares in the company, valued at approximately $6,839,192.70. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Johny Srouji sold 5,760 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the sale, the senior vice president now owns 81,560 shares of the company’s stock, valued at $14,224,064. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,412 shares of company stock valued at $22,115,155. Company insiders own 0.06% of the company’s stock.
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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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