Pinnacle Family Advisors LLC Grows Holdings in Apple Inc. (AAPL)

Pinnacle Family Advisors LLC raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 17.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,454 shares of the iPhone maker’s stock after purchasing an additional 2,035 shares during the period. Apple accounts for approximately 1.1% of Pinnacle Family Advisors LLC’s holdings, making the stock its 22nd biggest holding. Pinnacle Family Advisors LLC’s holdings in Apple were worth $1,938,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AAPL. YHB Investment Advisors Inc. raised its position in shares of Apple by 7.6% in the 2nd quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock valued at $19,614,000 after acquiring an additional 9,663 shares during the period. Lederer & Associates Investment Counsel CA raised its position in shares of Apple by 2.1% in the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock valued at $5,377,000 after acquiring an additional 779 shares during the period. Carnick & Kubik Group LLC raised its position in shares of Apple by 14.4% in the 2nd quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock valued at $2,987,000 after acquiring an additional 2,612 shares during the period. GenTrust LLC raised its position in shares of Apple by 1,022.9% in the 2nd quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock valued at $4,942,000 after acquiring an additional 31,259 shares during the period. Finally, Texan Capital Management raised its position in shares of Apple by 1.6% in the 2nd quarter. Texan Capital Management now owns 25,591 shares of the iPhone maker’s stock valued at $3,686,000 after acquiring an additional 393 shares during the period. Institutional investors own 59.78% of the company’s stock.

In other Apple news, insider Eduardo H. Cue sold 65,361 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total transaction of $11,215,947.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Angela J. Ahrendts sold 63,388 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $154.21, for a total value of $9,775,063.48. The disclosure for this sale can be found here. In the last three months, insiders sold 232,967 shares of company stock valued at $37,944,683. 0.08% of the stock is currently owned by insiders.

A number of analysts recently issued reports on the company. Vetr raised Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 target price for the company in a research note on Friday, September 22nd. Rosenblatt Securities reissued a “hold” rating and set a $150.00 target price on shares of Apple in a research note on Sunday, October 15th. Citigroup reissued a “buy” rating and set a $200.00 target price (up from $170.00) on shares of Apple in a research note on Friday, November 3rd. They noted that the move was a valuation call. UBS set a $190.00 target price on Apple and gave the stock a “buy” rating in a research note on Monday, December 4th. Finally, Bank of America reissued a “buy” rating and set a $180.00 target price on shares of Apple in a research note on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $197.57.

Shares of Apple Inc. (NASDAQ AAPL) opened at $173.97 on Monday. The company has a market capitalization of $893,216.25, a P/E ratio of 18.91, a PEG ratio of 1.39 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. Apple Inc. has a twelve month low of $114.76 and a twelve month high of $176.24.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the consensus estimate of $1.87 by $0.20. The company had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.50 EPS. analysts forecast that Apple Inc. will post 11.18 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Pinnacle Family Advisors LLC Grows Holdings in Apple Inc. (AAPL)” was reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://sportsperspectives.com/2017/12/18/pinnacle-family-advisors-llc-grows-holdings-in-apple-inc-aapl.html.

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.

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.

Latest News

Leave a Reply