Windward Capital Management Co. CA Boosts Stake in Apple Inc. (AAPL)
Windward Capital Management Co. CA lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 320,800 shares of the iPhone maker’s stock after acquiring an additional 1,906 shares during the period. Apple makes up 8.1% of Windward Capital Management Co. CA’s investment portfolio, making the stock its biggest position. Windward Capital Management Co. CA’s holdings in Apple were worth $49,442,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of AAPL. Schaper Benz & Wise Investment Counsel Inc. WI increased its position in shares of Apple by 2.8% in the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 75,432 shares of the iPhone maker’s stock valued at $10,837,000 after acquiring an additional 2,065 shares during the period. Seminole Management Co. Inc. purchased a new position in shares of Apple in the first quarter valued at about $24,665,000. Millie Capital Management LLC increased its position in shares of Apple by 0.8% in the first quarter. Millie Capital Management LLC now owns 15,438 shares of the iPhone maker’s stock valued at $2,218,000 after acquiring an additional 119 shares during the period. Usca Ria LLC increased its position in shares of Apple by 1.6% in the first quarter. Usca Ria LLC now owns 43,347 shares of the iPhone maker’s stock valued at $6,227,000 after acquiring an additional 702 shares during the period. Finally, Willingdon Wealth Management increased its position in shares of Apple by 2.2% in the first quarter. Willingdon Wealth Management now owns 25,098 shares of the iPhone maker’s stock valued at $3,606,000 after acquiring an additional 530 shares during the period. 59.62% of the stock is owned by institutional investors.
Several equities analysts recently issued reports on AAPL shares. Barclays reiterated a “hold” rating and set a $146.00 price target on shares of Apple in a research report on Monday, September 4th. Royal Bank of Canada reiterated an “outperform” rating and set a $180.00 price target on shares of Apple in a research report on Monday, September 11th. Morgan Stanley reiterated an “overweight” rating and set a $194.00 price target (up previously from $182.00) on shares of Apple in a research report on Tuesday, September 12th. Mizuho set a $160.00 price target on shares of Apple and gave the company a “hold” rating in a research report on Wednesday, October 18th. Finally, Vetr cut shares of Apple from a “buy” rating to a “hold” rating and set a $178.34 price target on the stock. in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company. Apple currently has a consensus rating of “Buy” and an average target price of $198.61.
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 Thomson Reuters’ consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. During the same quarter last year, the business earned $1.50 earnings per share. Apple’s quarterly revenue was up 12.2% compared to the same quarter last year. equities research analysts forecast that Apple Inc. will post 11.18 EPS for the current fiscal year.
In other Apple news, insider Angela J. Ahrendts sold 63,388 shares of the stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Johny Srouji sold 5,760 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the completion of the sale, the senior vice president now owns 81,560 shares of the company’s stock, valued at approximately $14,224,064. The disclosure for this sale can be found here. Insiders have sold 232,967 shares of company stock valued at $37,944,683 in the last quarter. 0.08% of the stock is owned by company insiders.
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Apple Company Profile
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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