Fulton Breakefield Broenniman LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 5.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,889 shares of the iPhone maker’s stock after purchasing an additional 4,119 shares during the quarter. Apple comprises about 2.2% of Fulton Breakefield Broenniman LLC’s portfolio, making the stock its 7th biggest holding. Fulton Breakefield Broenniman LLC’s holdings in Apple were worth $16,997,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of AAPL. Centaurus Financial Inc. boosted its stake in shares of Apple by 17.9% during the 1st quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock worth $44,000 after acquiring an additional 1,262 shares during the period. Avondale Wealth Management boosted its stake in shares of Apple by 25.4% during the 2nd quarter. Avondale Wealth Management now owns 316 shares of the iPhone maker’s stock worth $63,000 after acquiring an additional 64 shares during the period. NuWave Investment Management LLC boosted its stake in Apple by 2,245.0% in the 2nd quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker’s stock valued at $93,000 after purchasing an additional 449 shares during the period. Horan Securities Inc. boosted its stake in Apple by 64.2% in the 2nd quarter. Horan Securities Inc. now owns 565 shares of the iPhone maker’s stock valued at $112,000 after purchasing an additional 221 shares during the period. Finally, Belvedere Advisors LLC bought a new stake in Apple in the 2nd quarter valued at $119,000. 58.65% of the stock is currently owned by hedge funds and other institutional investors.
In other Apple news, SVP Deirdre O’brien sold 12,459 shares of the company’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $234.04, for a total value of $2,915,904.36. Following the completion of the transaction, the senior vice president now owns 57,819 shares of the company’s stock, valued at approximately $13,531,958.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Arthur D. Levinson sold 17,500 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $201.69, for a total value of $3,529,575.00. Following the completion of the transaction, the director now directly owns 1,150,783 shares of the company’s stock, valued at approximately $232,101,423.27. The disclosure for this sale can be found here. In the last ninety days, insiders sold 450,140 shares of company stock valued at $95,606,404. Insiders own 0.05% of the company’s stock.
Several analysts recently issued reports on the company. Monness Crespi & Hardt restated a “buy” rating and issued a $265.00 price target (up from $245.00) on shares of Apple in a research note on Wednesday, July 31st. Piper Jaffray Companies set a $243.00 price target on Apple and gave the company a “buy” rating in a research note on Tuesday, October 8th. Raymond James upgraded Apple from a “market perform” rating to an “outperform” rating and set a $250.00 price target for the company in a research note on Thursday, July 18th. Cascend Securities boosted their price target on Apple from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Finally, Canaccord Genuity restated a “buy” rating and issued a $260.00 price target (up from $240.00) on shares of Apple in a research note on Wednesday, October 9th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the stock. Apple has a consensus rating of “Buy” and a consensus target price of $223.65.
Shares of NASDAQ AAPL opened at $236.41 on Monday. The stock has a market capitalization of $1,063.27 billion, a PE ratio of 20.06, a P/E/G ratio of 2.07 and a beta of 1.24. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.50 and a quick ratio of 1.47. The business has a fifty day moving average price of $220.99 and a two-hundred day moving average price of $204.27. Apple Inc. has a fifty-two week low of $142.00 and a fifty-two week high of $238.13.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.08. Apple had a return on equity of 52.13% and a net margin of 21.50%. The company had revenue of $53.81 billion during the quarter, compared to analysts’ expectations of $53.39 billion. During the same quarter in the previous year, the firm earned $2.34 EPS. Apple’s revenue was up 1.0% on a year-over-year basis. On average, equities analysts expect that Apple Inc. will post 11.68 EPS for the current year.
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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