Zhang Monetary LLC elevated its holdings in Apple Inc. (NASDAQ:AAPL) by 13.four% within the 4th quarter, in accordance with the corporate in its most up-to-date 13F submitting with the Securities and Alternate Fee. The institutional investor owned 16,434 shares of the iPhone maker’s inventory after buying a further 1,944 shares in the course of the interval. Apple includes about 1.eight% of Zhang Monetary LLC’s holdings, making the inventory its 12th largest holding. Zhang Monetary LLC’s holdings in Apple had been price $four,853,000 on the finish of the newest quarter.
Plenty of different institutional traders have additionally made modifications to their positions in AAPL. Kahn Brothers Group Inc. DE bought a brand new stake in shares of Apple in the course of the third quarter price about $112,000. Fulcrum Fairness Administration bought a brand new stake in shares of Apple in the course of the third quarter price about $135,000. Belvedere Advisors LLC bought a brand new stake in shares of Apple in the course of the 2nd quarter price about $119,000. Leith Wheeler Funding Counsel Ltd. bought a brand new stake in shares of Apple in the course of the 4th quarter price about $211,000. Lastly, HT Companions LLC bought a brand new stake in shares of Apple in the course of the 4th quarter price about $218,000. 60.33% of the inventory is owned by hedge funds and different institutional traders.
AAPL has been the topic of a lot of current analysis experiences. Atlantic Securities downgraded Apple from a “impartial” ranking to an “underweight” ranking and raised their worth goal for the inventory from $235.00 to $275.00 in a analysis notice on Tuesday, January 14th. BidaskClub raised Apple from a “purchase” ranking to a “strong-buy” ranking in a analysis notice on Friday, September 27th. Financial institution of America raised their worth goal on Apple from to in a analysis notice on Thursday. DZ Financial institution downgraded Apple to a “maintain” ranking in a analysis notice on Friday, January third. Lastly, Zacks Funding Analysis downgraded Apple from a “maintain” ranking to a “promote” ranking and set a $248.00 worth goal for the corporate. in a analysis notice on Monday, October 14th. Six equities analysis analysts have rated the inventory with a promote ranking, 13 have given a maintain ranking, twenty-four have issued a purchase ranking and one has given a robust purchase ranking to the corporate. The inventory has a median ranking of “Maintain” and a consensus goal worth of $278.51.
AAPL opened at $319.23 on Friday. The agency has a market capitalization of $1,392.81 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of two.30 and a beta of 1.25. The inventory’s 50 day shifting common worth is $292.97 and its two-hundred day shifting common worth is $242.93. The corporate has a fast ratio of 1.50, a present ratio of 1.54 and a debt-to-equity ratio of 1.01. Apple Inc. has a 12-month low of $151.74 and a 12-month excessive of $319.99.
Apple (NASDAQ:AAPL) final launched its earnings outcomes on Wednesday, October 30th. The iPhone maker reported $three.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.84 by $zero.19. The agency had income of $64.04 billion for the quarter, in comparison with analyst estimates of $62.86 billion. Apple had a return on fairness of 53.82% and a internet margin of 21.24%. The corporate’s income was up 1.eight% on a year-over-year foundation. Throughout the identical quarter final 12 months, the agency posted $2.91 EPS. As a gaggle, analysts anticipate that Apple Inc. will submit 13.16 earnings per share for the present 12 months.
In different Apple information, Director Arthur D. Levinson offered 37,394 shares of the agency’s inventory in a transaction that occurred on Tuesday, November fifth. The inventory was offered at a median worth of $257.79, for a complete worth of $9,639,799.26. Following the sale, the director now owns 1,170,677 shares of the corporate’s inventory, valued at roughly $301,788,823.83. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which is accessible by way of this hyperlink. Firm insiders personal zero.05% of the corporate’s inventory.
Apple Firm Profile
Apple Inc designs, manufactures, and markets cell communication and media units, and private computer systems. It additionally sells varied associated software program, providers, equipment, and third-party digital content material and purposes. The corporate presents iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and moveable private computer systems, in addition to iOS, macOS, watchOS, and tvOS working methods.
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