Apple Inc. (NASDAQ:AAPL) Shares Acquired by Mountain Capital Investment Advisors Inc


Share on StockTwits

Mountain Capital Investment Advisors Inc lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 26,506 shares of the iPhone maker’s stock after acquiring an additional 539 shares during the period. Apple accounts for about 0.9% of Mountain Capital Investment Advisors Inc’s investment portfolio, making the stock its 25th largest holding. Mountain Capital Investment Advisors Inc’s holdings in Apple were worth $3,419,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AAPL. State Street Corp boosted its holdings in shares of Apple by 279.3% during the third quarter. State Street Corp now owns 672,444,836 shares of the iPhone maker’s stock worth $77,875,836,000 after purchasing an additional 495,180,468 shares during the last quarter. Morgan Stanley boosted its holdings in Apple by 283.3% in the third quarter. Morgan Stanley now owns 124,613,848 shares of the iPhone maker’s stock valued at $14,431,530,000 after acquiring an additional 92,101,156 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Apple by 296.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 78,699,382 shares of the iPhone maker’s stock valued at $9,114,176,000 after acquiring an additional 58,823,499 shares during the last quarter. Swiss National Bank boosted its holdings in Apple by 290.0% in the third quarter. Swiss National Bank now owns 67,699,096 shares of the iPhone maker’s stock valued at $7,840,232,000 after acquiring an additional 50,340,997 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its holdings in Apple by 301.4% in the third quarter. UBS Asset Management Americas Inc. now owns 66,313,487 shares of the iPhone maker’s stock valued at $7,679,765,000 after acquiring an additional 49,792,917 shares during the last quarter. Institutional investors and hedge funds own 57.77% of the company’s stock.

NASDAQ:AAPL opened at $130.89 on Thursday. The firm has a market capitalization of $2.20 trillion, a PE ratio of 40.15, a price-to-earnings-growth ratio of 2.85 and a beta of 1.28. The stock has a 50 day moving average of $126.77 and a 200-day moving average of $115.12. Apple Inc. has a 52 week low of $53.15 and a 52 week high of $138.79. The company has a current ratio of 1.36, a quick ratio of 1.33 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, November 3rd. The iPhone maker reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.03. The company had revenue of $64.70 billion during the quarter, compared to analyst estimates of $63.33 billion. Apple had a return on equity of 75.15% and a net margin of 20.91%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.03 earnings per share. As a group, analysts predict that Apple Inc. will post 4.03 EPS for the current fiscal year.

AAPL has been the topic of a number of research analyst reports. BidaskClub cut Apple from a “strong-buy” rating to a “buy” rating in a report on Friday, January 1st. UBS Group set a $115.00 target price on Apple and gave the company a “neutral” rating in a report on Wednesday. Wedbush lifted their target price on Apple from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, December 9th. Argus upgraded Apple to a “buy” rating and set a $150.00 target price on the stock in a report on Wednesday, October 14th. Finally, Cascend Securities boosted their price objective on Apple from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, December 15th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $118.61.

In other news, SVP Deirdre O’brien sold 31,200 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $119.80, for a total transaction of $3,737,760.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Chris Kondo sold 14,840 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $121.34, for a total value of $1,800,685.60. The disclosure for this sale can be found here. Insiders have sold 63,040 shares of company stock valued at $7,415,586 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories.

Further Reading: Percentage Decliners

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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.