Waypoint Wealth Partners Inc. increased its stake in Apple Inc. (NASDAQ:AAPL – Get Rating) by 13.1% in the third quarter, according to the company’s latest Form 13F filing with the U.S. Securities and Exchange Commission. The institutional investor owned his 6,298 shares of the iPhone maker’s stock after acquiring an additional 728 of his shares during the period. Apple accounts for approximately 0.4% of Waypoint Wealth Partners Inc.’s investment portfolio, making it the 24th largest position. Apple’s holdings of Waypoint Wealth Partners Inc. were valued at $870,000 as of the latest filing with the SEC.
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Several other institutional investors have also increased or decreased their stakes in AAPL. IFM Investors Pty Ltd boosted his Apple stake by 20.0% in the first quarter. IFM Investors Pty Ltd said he owns 2,615,701 shares of the iPhone maker worth $456,728,000 after he purchased an additional 435,891 shares during the previous quarter. Ironwood Wealth Management LLC increased his Apple shares by 0.4% in the first quarter. Ironwood Wealth Management LLC now owns 240,628 shares of the iPhone maker worth $42,016,000 after purchasing an additional 1,040 of his shares during the previous quarter. Markel Corp increased its Apple stock by 0.7% in the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker worth $210,752,000 after purchasing an additional 8,450 shares during the previous quarter. Camden Capital LLC increased its stake in Apple stock by 9.2% in the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker worth $27,305,000 after acquiring an additional 13,200 shares last quarter. Finally, Harbor Island Capital LLC increased its stake in Apple stock by 0.3% during the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker worth $23,629,000 after acquiring an additional 400 shares in the previous quarter. Institutional investors own 57.60% of the company’s shares.
Wall Street analyst opinion
AAPL has been the subject of several research analyst reports. Canaccord Genuity Group lowered its price target on Apple stock to $170.00 from $200.00 and gave the company a Buy rating in its research notes on Wednesday, January 18. DA Davidson lowered his price target on Apple stock to $167.00 in a research note on Thursday, Dec. 1. BNP Paribas downgraded Apple’s stock rating from ‘outperform’ to ‘neutral’, and he set a price target for the company at $140.00. In a research note on Tuesday, January 3rd. Bank of America lowered its price target on Apple stock to $153.00 from $154.00 and set the company’s rating to “neutral” in a research note on Friday. Finally, Citigroup reaffirmed its ‘buy’ rating and set a $175.00 price target on Apple stock in its research notes on Tuesday, November 8th. Two research analysts rate the stock as Sell, 6 Hold, 20 Buy, and 1 Strong Buy. Based on MarketBeat.com data, the company has an average rating of “moderate buy” and an average target price of $163.53.
apple price performance
The NASDAQ AAPL opened Friday at $145.93. The company has a 50-day simple moving average of $138.04 and a 200-day simple moving average of $148.04. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt to equity ratio of 1.95. Apple Inc. has a 12-month low of $124.17 and a 12-month high of $179.61. The company has a market capitalization of $2.31 trillion, a P/E ratio of 23.88, a P/E/G ratio of 1.86 and a beta of 1.24.
Apple (NASDAQ:AAPL – Get Rating) last announced its quarterly earnings data on Thursday, October 27th. The iPhone maker posted earnings per share of $1.29 for him in the quarter, beating analysts’ consensus forecast of $1.26 for him by $0.03. The company’s revenue for the quarter was $90.15 billion, compared with analyst estimates of $88.77 billion. Apple’s net profit margin was 25.31% and return on equity was 160.90%. Quarterly revenue for this business increased by 7.8% compared to the same period last year. His earnings per share in the same period last year were $1.24. Analysts expect Apple Inc. to post his 6.18 EPS for the current financial year.
Insider activity
In other news, insider Chris Kondo sold 20,200 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares sold for an average of $148.72 and the total transaction value he was $3,004,144.00. After the sale, insiders now directly own 31,505 shares of the Company’s stock valued at $4,685,423.60. The sale is disclosed in filings with the Securities and Exchange Commission, which are available at this link. A corporate insider owns his 0.06% of the company’s shares.
Apple profile
(get rating)
Apple, Inc. designs, manufactures, sells, and provides various other related services for smartphones, personal computers, tablets, wearables and accessories. It operates in the Americas, Europe, Greater China, Japan, and Rest of Asia Pacific geographic segments. The Americas segment includes North America and South America.
References
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