Apple Inc. (AAPL) is Janney Montgomery Scott LLC’s Largest Position

Janney Montgomery Scott LLC grew its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 985,022 shares of the iPhone maker’s stock after purchasing an additional 16,162 shares during the period. Apple makes up about 1.8% of Janney Montgomery Scott LLC’s investment portfolio, making the stock its largest position. Janney Montgomery Scott LLC’s holdings in Apple were worth $182,338,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. B. Riley Financial Inc. grew its position in shares of Apple by 27.6% during the first quarter. B. Riley Financial Inc. now owns 17,412 shares of the iPhone maker’s stock worth $2,921,000 after buying an additional 3,770 shares in the last quarter. Roof Advisory Group Inc. grew its position in shares of Apple by 44.0% during the first quarter. Roof Advisory Group Inc. now owns 42,322 shares of the iPhone maker’s stock worth $7,101,000 after buying an additional 12,930 shares in the last quarter. First Hawaiian Bank grew its position in shares of Apple by 33.5% during the second quarter. First Hawaiian Bank now owns 10,012 shares of the iPhone maker’s stock worth $1,854,000 after buying an additional 2,510 shares in the last quarter. Viridian Ria LLC acquired a new stake in shares of Apple during the first quarter worth approximately $525,000. Finally, Peavine Capital LLC grew its position in shares of Apple by 428.7% during the second quarter. Peavine Capital LLC now owns 6,968 shares of the iPhone maker’s stock worth $1,290,000 after buying an additional 5,650 shares in the last quarter. Institutional investors own 58.43% of the company’s stock.

In other news, SVP Angela J. Ahrendts sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 3rd. The shares were sold at an average price of $232.66, for a total transaction of $5,816,500.00. Following the completion of the transaction, the senior vice president now owns 105,538 shares of the company’s stock, valued at $24,554,471.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Arthur D. Levinson sold 20,000 shares of the business’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $206.58, for a total transaction 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. In the last three months, insiders have sold 564,185 shares of company stock valued at $124,444,213. Corporate insiders own 0.06% of the company’s stock.

A number of analysts have recently weighed in on AAPL shares. Tigress Financial reissued a “buy” rating on shares of Apple in a research report on Thursday, August 30th. Robert W. Baird set a $230.00 price target on shares of Apple and gave the stock a “buy” rating in a research report on Tuesday, September 4th. New Street Research reissued a “sell” rating on shares of Apple in a research report on Tuesday, September 18th. Needham & Company LLC raised their price target on shares of Apple from $220.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, September 13th. Finally, Bank of America reissued a “buy” rating on shares of Apple in a research report on Tuesday, October 9th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and thirty-one have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $225.51.

Shares of AAPL opened at $213.30 on Wednesday. Apple Inc. has a 1 year low of $150.24 and a 1 year high of $233.47. The firm has a market cap of $1,063.14 billion, a PE ratio of 23.16, a PEG ratio of 1.66 and a beta of 1.36. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.31 and a quick ratio of 1.24.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, July 31st. The iPhone maker reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.16. Apple had a net margin of 21.98% and a return on equity of 43.50%. The company had revenue of $53.27 billion during the quarter, compared to the consensus estimate of $52.43 billion. During the same quarter in the previous year, the company posted $1.67 earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, analysts anticipate that Apple Inc. will post 11.77 earnings per share for the current year.

Apple Company 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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One Response

  1. steve says:

    Harsco ended its merger with Brand Energy. That was smart of Harsco. Now, they should look to recover money from Brand’s ex-CEO and the ex-GE people he brought in with him.

    The CEO of Brand was negligent. He didn’t act in good faith. He brought in his friends from GE and didn’t fire them no matter what. The ex-GE guy in Houston had to be shuffled all over the country because he was despised. He was called President of Business Development. He has the polish-looking last name and was sent to Houston from California in 2011. They had to keep him on the road all the time because he couldn’t get along with anyone. Can you imagine how much that cost the company? The ex-CEO also sent him around to meet with all kinds of companies even though he was extremely obnoxious. Can you imagine how many companies he scared away and how much money was lost due to that? The ex-CEO of Brand should be held liable for this.

    Watch out for ex-GE guys. They play politics and form cliques and are a major problem in corporate America. Clayton, Dubilier, and Rice owns Brand Energy. Brand was ruined by ex-GE guys like the former CEO and the “President of Business Development” in Houston. Were they doing their fiduciary duty? Brand’s investors need to investigate the former executives and their spending immediately. Blackrock and other big names are investors in the bonds of Brand Energy.

    Some executives have moved to a company called Total Safety. That company can be investigated next. It’s owned by Littlejohn LLC, the investment firm.

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