Parametric Portfolio Associates LLC now owns 13,752,244 shares of the iPhone maker's stock worth $2,721,844,000 after purchasing an additional 214,362 shares during the last quarter. Apple accounts for about 2.5% of Kanawha Capital Management LLC's investment portfolio, making the stock its 6th largest holding. ARS Investment Partners LLC's holdings in Apple were worth $41,234,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the company.
It is a crucial time for Cupertino as it recently launched its trifecta of new smartphones with iPhone 11 strong out of the gates thus far and now looks to convert millions of Apple device users on to its streaming platform. Avondale Wealth Management grew its stake in shares of Apple by 25.4% in the second quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker's stock valued at $93,000 after buying an additional 449 shares during the period. Brio Consultants LLC now owns 6,002 shares of the iPhone maker's stock worth $1,344,000 after purchasing an additional 172 shares in the last quarter. Legacy Private Trust Co. boosted its stake in Apple by 24.9% in the 3rd quarter. Horan Securities Inc. now owns 565 shares of the iPhone maker's stock valued at $112,000 after buying an additional 221 shares during the period. Finally, Affiance Financial LLC boosted its position in Apple by 9.9% during the third quarter. The company's stock had a trading volume of 7,318,552 shares, compared to its average volume of 30,148,068. (NASDAQ:AAPL) news were published by: Finance.Yahoo.com which released: "The Apple (NASDAQ:AAPL) Share Price Has Gained 117%, So Why Not Pay It Some Attention?"
The company's shares, operating in the sector of consumer goods managed to top a trading volume set approximately around 28.25 million for the day, which was evidently higher when compared to average daily volumes of the shares. The firm has a market cap of $1,039.82 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 1.97 and a beta of 1.24. The firm's fifty day moving average price is $216.29 and its two-hundred day moving average price is $202.42.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company's financial health and market status. Apple Inc. has a 12 month low of $142.00 and a 12 month high of $237.64. (NASDAQ:AAPL) to report earnings on November, 7. They expect $2.83 EPS, down 2.75 % or $0.08 from last year's $2.91 per share. The firm had revenue of $53.81 billion during the quarter, compared to analyst estimates of $53.39 billion. The firm's quarterly revenue was up 1.0% compared to the same quarter previous year. Equities research analysts anticipate that Apple Inc. will post 11.68 EPS for the current year. (NASDAQ:AAPL). Notis owns 34,127 shares. Maxim Group dropped their price target on shares of Apple from $211.00 to $204.00 and set a "hold" rating on the stock in a research note on Wednesday, September 11th. Canaccord Genuity reaffirmed a "buy" rating and set a $260.00 target price (up previously from $240.00) on shares of Apple in a research note on Wednesday. Morgan Stanley set a $247.00 price objective on Apple and gave the company a "buy" rating in a report on Wednesday, September 18th. The rating was maintained by Wedbush on Wednesday, July 31 with "Outperform".
During the last month around the same period, 19 analysts gave the stock a BUY rating, 2 of the polled analysts consider the stock should have been awarded an OVERWEIGHT rating, 17 analysts were recommending to HOLD this stock, 0 of gave the stock UNDERWEIGHT rating, and 4 of the polled analysts provided SELL rating. (NASDAQ:AAPL) is Buy with a consensus target price of $222.50 per share, a potential 5.17% downside.
In other news, insider Chris Kondo sold 4,376 shares of the company's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $217.47, for a total transaction of $951,648.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The shares were sold at an average price of $219.04, for a total transaction of $14,797,028.16. Following the sale, the director now owns 1,150,783 shares of the company's stock, valued at approximately $246,290,577.66. The disclosure for this sale can be found here. Company's stock value dipped to $227.3 during the trading on the day. Price performance for year-to-date for the company's stock appears to be pessimistic, given the fact the metric is recording 45.87%.