Intl Fcstone Inc. increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 171.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,725 shares of the iPhone maker’s stock after acquiring an additional 20,022 shares during the quarter. Apple comprises approximately 1.4% of Intl Fcstone Inc.’s investment portfolio, making the stock its 2nd biggest holding. Intl Fcstone Inc.’s holdings in Apple were worth $4,569,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Blue Sky Asset Management LLC bought a new position in Apple in the second quarter valued at approximately $108,000. Hefty Wealth Partners lifted its stake in Apple by 27.6% in the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 174 shares in the last quarter. FNY Managed Accounts LLC lifted its stake in Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 716 shares in the last quarter. Private Vista LLC bought a new position in Apple in the second quarter valued at approximately $122,000. Finally, Armbruster Capital Management Inc. lifted its stake in Apple by 9.4% in the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after buying an additional 78 shares in the last quarter. 59.78% of the stock is currently owned by institutional investors and hedge funds.
Apple Inc. (AAPL) opened at $173.97 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. The company has a market capitalization of $893,216.25, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.39 and a beta of 1.22. Apple Inc. has a 52 week low of $114.76 and a 52 week high of $176.24.
AAPL has been the topic of a number of research reports. Robert W. Baird reaffirmed a “buy” rating and issued a $172.00 price target on shares of Apple in a research note on Tuesday, September 5th. Drexel Hamilton reaffirmed a “buy” rating and issued a $208.00 price target on shares of Apple in a research note on Thursday, August 24th. Canaccord Genuity reaffirmed a “buy” rating and issued a $180.00 price target on shares of Apple in a research note on Tuesday, August 22nd. UBS reaffirmed a “buy” rating and issued a $180.00 price target on shares of Apple in a research note on Tuesday, August 29th. Finally, Cleveland Research raised shares of Apple from a “neutral” rating to a “buy” rating and set a $197.00 price target on the stock in a research note on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the company. Apple presently has an average rating of “Buy” and an average price target of $197.57.
In other Apple news, insider Angela J. Ahrendts sold 63,388 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Philip W. Schiller sold 56,808 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $154.70, for a total value of $8,788,197.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 232,967 shares of company stock valued at $37,944,683. Insiders own 0.08% of the company’s stock.
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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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