Apple Inc. (AAPL) Position Lifted by Eidelman Virant Capital

Eidelman Virant Capital increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 83.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,789 shares of the iPhone maker’s stock after buying an additional 15,391 shares during the quarter. Apple accounts for about 3.9% of Eidelman Virant Capital’s portfolio, making the stock its 5th largest position. Eidelman Virant Capital’s holdings in Apple were worth $6,254,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Summit Trail Advisors LLC grew its stake in Apple by 17,669.4% during the 1st quarter. Summit Trail Advisors LLC now owns 20,180,694 shares of the iPhone maker’s stock valued at $20,181,000 after purchasing an additional 20,067,124 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Apple by 1.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 19,610,272 shares of the iPhone maker’s stock worth $3,290,212,000 after buying an additional 347,970 shares during the last quarter. Cornerstone Wealth Management LLC boosted its stake in shares of Apple by 18,553.3% in the second quarter. Cornerstone Wealth Management LLC now owns 16,758,709 shares of the iPhone maker’s stock worth $89,526,000 after buying an additional 16,668,866 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Apple by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 16,158,094 shares of the iPhone maker’s stock worth $2,711,005,000 after buying an additional 55,050 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Apple by 0.9% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 15,977,515 shares of the iPhone maker’s stock worth $2,680,707,000 after buying an additional 136,478 shares during the last quarter. Hedge funds and other institutional investors own 58.43% of the company’s stock.

In other Apple news, SVP Angela J. Ahrendts sold 14,194 shares of the stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $227.96, for a total transaction of $3,235,664.24. Following the completion of the transaction, the senior vice president now owns 105,538 shares of the company’s stock, valued at $24,058,442.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arthur D. Levinson sold 20,000 shares of the stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $206.58, for a total value of $4,131,600.00. Following the transaction, the director now directly owns 1,153,283 shares of the company’s stock, valued at approximately $238,245,202.14. The disclosure for this sale can be found here. Insiders have sold 564,185 shares of company stock valued at $124,444,213 in the last three months. Insiders own 0.06% of the company’s stock.

A number of analysts have recently commented on the company. Nomura set a $215.00 target price on Apple and gave the stock a “neutral” rating in a research note on Monday. Macquarie set a $235.00 target price on Apple and gave the stock a “buy” rating in a research note on Monday. Wells Fargo & Co set a $210.00 target price on Apple and gave the stock a “neutral” rating in a research note on Monday. Bank of America restated a “buy” rating and issued a $235.00 target price on shares of Apple in a research note on Monday. Finally, JPMorgan Chase & Co. set a $272.00 target price on Apple and gave the stock a “buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and thirty-two have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $225.09.

Shares of Apple stock opened at $212.24 on Tuesday. Apple Inc. has a 12 month low of $150.24 and a 12 month high of $233.47. The company has a market cap of $1,063.14 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 1.66 and a beta of 1.36. The company has a quick ratio of 1.24, a current ratio of 1.31 and a debt-to-equity ratio of 0.84.

Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, July 31st. The iPhone maker reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.16. Apple had a return on equity of 43.50% and a net margin of 21.98%. The business had revenue of $53.27 billion during the quarter, compared to analysts’ expectations of $52.43 billion. During the same quarter in the prior year, the firm earned $1.67 earnings per share. The business’s revenue was up 17.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Apple Inc. will post 11.77 EPS for the current fiscal year.

Apple Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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