Modera Wealth Management LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 14.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,278 shares of the iPhone maker’s stock after buying an additional 2,406 shares during the quarter. Apple accounts for about 0.8% of Modera Wealth Management LLC’s portfolio, making the stock its 16th biggest holding. Modera Wealth Management LLC’s holdings in Apple were worth $3,569,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. Northern Capital Management LLC grew its stake in Apple by 6.4% in the 1st quarter. Northern Capital Management LLC now owns 54,812 shares of the iPhone maker’s stock worth $9,196,000 after acquiring an additional 3,298 shares in the last quarter. Usca Ria LLC grew its stake in Apple by 6.3% in the 1st quarter. Usca Ria LLC now owns 55,366 shares of the iPhone maker’s stock worth $9,289,000 after acquiring an additional 3,280 shares in the last quarter. GFS Advisors LLC grew its stake in Apple by 87.2% in the 1st quarter. GFS Advisors LLC now owns 107,296 shares of the iPhone maker’s stock worth $18,002,000 after acquiring an additional 49,981 shares in the last quarter. CCM Investment Advisers LLC grew its stake in Apple by 2.2% in the 1st quarter. CCM Investment Advisers LLC now owns 99,138 shares of the iPhone maker’s stock worth $16,633,000 after acquiring an additional 2,101 shares in the last quarter. Finally, Chessman Wealth Strategies RIA bought a new position in Apple in the 1st quarter worth about $205,000. Institutional investors and hedge funds own 57.08% of the company’s stock.
NASDAQ AAPL opened at $150.73 on Friday. The firm has a market capitalization of $770.84 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 1.16 and a beta of 1.20. Apple Inc. has a 12-month low of $149.63 and a 12-month high of $233.47. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.12 and a quick ratio of 1.09.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.13. The business had revenue of $62.90 billion during the quarter, compared to analysts’ expectations of $61.55 billion. Apple had a net margin of 22.41% and a return on equity of 48.68%. The business’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the company posted $2.07 earnings per share. As a group, equities analysts anticipate that Apple Inc. will post 13.17 earnings per share for the current year.
In related news, insider Luca Maestri sold 100,245 shares of the firm’s stock in a transaction on Thursday, October 4th. The shares were sold at an average price of $228.56, for a total transaction of $22,911,997.20. Following the completion of the transaction, the insider now owns 91,665 shares of the company’s stock, valued at $20,950,952.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Chris Kondo sold 3,408 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $190.00, for a total transaction of $647,520.00. Following the transaction, the insider now directly owns 8,940 shares of the company’s stock, valued at approximately $1,698,600. The disclosure for this sale can be found here. In the last ninety days, insiders sold 204,845 shares of company stock valued at $47,015,677. Corporate insiders own 0.06% of the company’s stock.
A number of equities analysts have recently issued reports on AAPL shares. Macquarie set a $214.00 price objective on shares of Apple and gave the company a “buy” rating in a research note on Monday, August 27th. Royal Bank of Canada reiterated a “buy” rating and set a $225.00 price objective on shares of Apple in a research note on Monday, August 27th. HSBC set a $205.00 price objective on shares of Apple and gave the company a “buy” rating in a research note on Thursday, August 30th. Tigress Financial reiterated a “buy” rating on shares of Apple in a research note on Thursday, August 30th. Finally, BidaskClub upgraded shares of Apple from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 31st. Three research analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $221.36.
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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.
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