Gulf International Bank UK Ltd boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,630,192 shares of the iPhone maker’s stock after buying an additional 10,980 shares during the quarter. Apple makes up approximately 3.8% of Gulf International Bank UK Ltd’s investment portfolio, making the stock its largest position. Gulf International Bank UK Ltd’s holdings in Apple were worth $301,764,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in AAPL. Quattro Financial Advisors LLC bought a new stake in shares of Apple during the first quarter worth approximately $133,000. Smart Portfolios LLC bought a new stake in shares of Apple in the first quarter valued at approximately $134,000. Spectrum Financial Alliance Ltd LLC bought a new stake in shares of Apple in the first quarter valued at approximately $138,000. Macroview Investment Management LLC boosted its stake in shares of Apple by 220.3% in the first quarter. Macroview Investment Management LLC now owns 900 shares of the iPhone maker’s stock valued at $151,000 after buying an additional 619 shares during the period. Finally, Litman Gregory Asset Management LLC boosted its stake in shares of Apple by 553.8% in the first quarter. Litman Gregory Asset Management LLC now owns 1,033 shares of the iPhone maker’s stock valued at $173,000 after buying an additional 875 shares during the period. 58.58% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ AAPL traded up $7.66 on Friday, reaching $222.11. The company had a trading volume of 39,486,990 shares, compared to its average volume of 31,432,369. The company has a market capitalization of $1,109.54 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 1.99 and a beta of 1.36. Apple Inc. has a fifty-two week low of $150.24 and a fifty-two week high of $233.47. The company has a quick ratio of 1.24, a current ratio of 1.31 and a debt-to-equity ratio of 0.84.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, July 31st. The iPhone maker reported $2.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.18 by $0.16. The business had revenue of $53.27 billion during the quarter, compared to the consensus estimate of $52.43 billion. Apple had a return on equity of 43.50% and a net margin of 21.98%. Apple’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.67 earnings per share. Research analysts expect that Apple Inc. will post 11.76 earnings per share for the current fiscal year.
In other Apple news, SVP Angela J. Ahrendts sold 25,000 shares of the stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of $232.66, for a total transaction of $5,816,500.00. Following the completion of the sale, the senior vice president now directly owns 105,538 shares in the company, valued at approximately $24,554,471.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 265,160 shares of the stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $217.79, for a total value of $57,749,196.40. The disclosure for this sale can be found here. Insiders sold 564,185 shares of company stock valued at $124,444,213 over the last 90 days. 0.06% of the stock is currently owned by company insiders.
Several equities research analysts recently issued reports on AAPL shares. BidaskClub upgraded Apple from a “hold” rating to a “buy” rating in a research note on Monday, June 18th. Sanford C. Bernstein reiterated a “neutral” rating and issued a $190.00 price target on shares of Apple in a research note on Monday, June 25th. Barclays boosted their price target on Apple from $161.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 26th. Loop Capital boosted their price target on Apple from $195.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, July 6th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $210.00 price target on shares of Apple in a research note on Monday, July 9th. Three research analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirty have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $221.63.
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.
Recommended Story: Fundamental Analysis and Individual Investors
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.