Northside Capital Management LLC Purchases 1 Shares of Apple Inc. (AAPL)
Northside Capital Management LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 0.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,209 shares of the iPhone maker’s stock after purchasing an additional 1 shares during the period. Northside Capital Management LLC’s holdings in Apple were worth $318,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Saratoga Research & Investment Management lifted its holdings in Apple by 0.6% in the 1st quarter. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker’s stock valued at $95,840,000 after purchasing an additional 4,137 shares in the last quarter. Pinnacle Bank purchased a new position in shares of Apple during the 1st quarter worth about $1,924,000. Green Square Capital LLC lifted its holdings in shares of Apple by 6.7% during the 1st quarter. Green Square Capital LLC now owns 87,456 shares of the iPhone maker’s stock worth $12,564,000 after acquiring an additional 5,491 shares during the period. Headinvest LLC lifted its holdings in shares of Apple by 2.5% during the 2nd quarter. Headinvest LLC now owns 16,295 shares of the iPhone maker’s stock worth $2,347,000 after acquiring an additional 390 shares during the period. Finally, Lederer & Associates Investment Counsel CA lifted its holdings in shares of Apple by 2.1% during the 2nd quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock worth $5,377,000 after acquiring an additional 779 shares during the period. Institutional investors own 60.33% of the company’s stock.
In related news, Director Arthur D. Levinson sold 35,000 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $157.58, for a total transaction of $5,515,300.00. Following the sale, the director now owns 1,168,283 shares of the company’s stock, valued at approximately $184,098,035.14. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 quarter, insiders sold 541,177 shares of company stock worth $85,864,804. Corporate insiders own 0.08% of the company’s stock.
AAPL has been the topic of several recent analyst reports. Oppenheimer Holdings, Inc. reiterated a “” rating on shares of Apple in a report on Thursday, August 10th. Nomura reiterated a “buy” rating and set a $165.00 price objective on shares of Apple in a report on Wednesday, July 5th. Instinet reiterated a “buy” rating and set a $165.00 price objective on shares of Apple in a report on Wednesday, July 5th. Citigroup Inc. reiterated a “buy” rating and set a $160.00 price objective on shares of Apple in a report on Tuesday, July 4th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $180.00 price objective on shares of Apple in a report on Monday, July 10th. Eight analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. Apple has a consensus rating of “Buy” and an average price target of $193.36.
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Apple Inc. (AAPL) opened at 169.04 on Wednesday. The firm has a 50-day moving average price of $157.08 and a 200-day moving average price of $153.07. The firm has a market cap of $873.13 billion, a price-to-earnings ratio of 19.19 and a beta of 1.27. Apple Inc. has a 1-year low of $104.08 and a 1-year high of $169.65.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.10. Apple had a return on equity of 35.40% and a net margin of 20.87%. The company had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. During the same quarter last year, the company posted $1.42 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts expect that Apple Inc. will post $9.00 earnings per share for the current fiscal year.
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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