Mitchell Capital Management Co. Increases Stake in Apple Inc. (AAPL)

Mitchell Capital Management Co. grew its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,831 shares of the iPhone maker’s stock after buying an additional 98 shares during the period. Mitchell Capital Management Co.’s holdings in Apple were worth $408,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FC Advisory LLC boosted its position in Apple by 0.4% during the 2nd quarter. FC Advisory LLC now owns 2,576 shares of the iPhone maker’s stock worth $371,000 after purchasing an additional 10 shares during the period. Lenox Wealth Advisors Inc. boosted its position in Apple by 0.4% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock worth $716,000 after purchasing an additional 20 shares during the period. BerganKDV Wealth Management LLC boosted its position in Apple by 0.4% during the 2nd quarter. BerganKDV Wealth Management LLC now owns 5,614 shares of the iPhone maker’s stock worth $809,000 after purchasing an additional 20 shares during the period. Sippican Capital Advisors boosted its position in Apple by 0.5% during the 1st quarter. Sippican Capital Advisors now owns 4,912 shares of the iPhone maker’s stock worth $706,000 after purchasing an additional 26 shares during the period. Finally, Accurate Investment Solutions Inc. boosted its position in Apple by 0.4% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 6,600 shares of the iPhone maker’s stock worth $951,000 after purchasing an additional 26 shares during the period. 60.33% of the stock is owned by institutional investors.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, topping the consensus estimate of $1.57 by $0.10. The company had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 EPS.

A number of brokerages recently weighed in on AAPL. Vetr raised shares of Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 price target for the company in a research report on Friday, September 22nd. Rosenblatt Securities reaffirmed a “hold” rating and set a $150.00 price target on shares of Apple in a research report on Sunday, October 15th. Nomura reaffirmed a “buy” rating and set a $165.00 price target on shares of Apple in a research report on Wednesday, July 5th. Bank of America Corporation reaffirmed a “buy” rating and set a $180.00 price target on shares of Apple in a research report on Tuesday, September 26th. Finally, Pacific Crest raised shares of Apple from a “sector weight” rating to an “overweight” rating and set a $187.00 price target for the company in a research report on Monday, October 16th. Eight research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $193.36.

In other news, insider Johny Srouji sold 5,892 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $161.00, for a total transaction of $948,612.00. Following the completion of the sale, the insider now owns 70,358 shares of the company’s stock, valued at approximately $11,327,638. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Craig Federighi sold 63,163 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $158.07, for a total transaction of $9,984,175.41. Following the sale, the insider now directly owns 359,988 shares of the company’s stock, valued at approximately $56,903,303.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 541,177 shares of company stock valued at $85,864,804. Insiders own 0.08% of the company’s stock.

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Apple Profile

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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