Apple Inc. (AAPL) Position Raised by Waldron LP

Waldron LP raised its position in shares of Apple Inc. (NASDAQ:AAPL) by 37.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,930 shares of the iPhone maker’s stock after buying an additional 12,898 shares during the period. Apple comprises about 1.0% of Waldron LP’s investment portfolio, making the stock its 12th largest position. Waldron LP’s holdings in Apple were worth $6,722,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the stock. Glacier Peak Capital LLC acquired a new position in Apple during the fourth quarter worth about $127,000. Portfolio Solutions LLC acquired a new position in Apple during the first quarter worth about $169,000. Odey Holdings AG boosted its position in Apple by 27.3% in the fourth quarter. Odey Holdings AG now owns 1,273 shares of the iPhone maker’s stock worth $147,000 after buying an additional 273 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Apple during the first quarter worth about $201,000. Finally, Salem Capital Management Inc. acquired a new position in Apple during the first quarter worth about $226,000. Institutional investors own 61.21% of the company’s stock.

Shares of Apple Inc. (NASDAQ:AAPL) opened at 150.27 on Friday. Apple Inc. has a 1-year low of $96.42 and a 1-year high of $156.65. The company has a 50-day moving average price of $147.46 and a 200-day moving average price of $140.51. The stock has a market cap of $783.48 billion, a price-to-earnings ratio of 17.63 and a beta of 1.31.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.08. The firm had revenue of $52.90 billion during the quarter, compared to analysts’ expectations of $52.61 billion. Apple had a net margin of 20.74% and a return on equity of 35.09%. On average, equities analysts expect that Apple Inc. will post $8.91 earnings per share for the current fiscal year.

Apple announced that its Board of Directors has authorized a share buyback program on Tuesday, May 2nd that allows the company to buyback $50.00 billion in shares. This buyback authorization allows the iPhone maker to purchase up to 6.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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A number of equities analysts recently issued reports on the company. UBS AG restated a “buy” rating and set a $175.00 price objective (down previously from $200.00) on shares of Apple in a report on Tuesday, March 28th. Deutsche Bank AG reiterated a “hold” rating on shares of Apple in a report on Wednesday, July 12th. Eleven analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $160.38.

In related news, insider Angela J. Ahrendts sold 75,000 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $147.98, for a total transaction of $11,098,500.00. Following the completion of the sale, the insider now directly owns 154,116 shares in the company, valued at $22,806,085.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP D Bruce Sewell sold 67,500 shares of the firm’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $148.76, for a total transaction of $10,041,300.00. Following the sale, the senior vice president now owns 141,325 shares of the company’s stock, valued at $21,023,507. The disclosure for this sale can be found here. Insiders have sold 373,000 shares of company stock valued at $56,497,046 over the last 90 days. 0.08% of the stock is currently owned by insiders.

About Apple

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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