Today: The World Asset Management Inc decides to keep it stake in Apple Inc. (AAPL) to the level of $52,054,000

The World Asset Management Inc decides to keep it stake in Apple Inc. (AAPL) to the level of $52,054,000

World Asset Management Inc increased its position in Apple Inc. (NASDAQ:AAPL) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 544,499 shares of the iPhone maker’s stock after buying an additional 1,817 shares during the period. Apple comprises approximately 2.0% of World Asset Management Inc’s portfolio, making the stock its largest position. World Asset Management Inc’s holdings in Apple were worth $52,054,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Cordasco Financial Network increased its stake in Apple by 0.4% in the second quarter. Cordasco Financial Network now owns 3,353 shares of the iPhone maker’s stock worth $321,000 after buying an additional 12 shares during the period. Boston Standard Wealth Management LLC increased its stake in Apple by 0.6% in the second quarter. Boston Standard Wealth Management LLC now owns 2,280 shares of the iPhone maker’s stock worth $218,000 after buying an additional 14 shares during the period. Summit Financial Strategies Inc. increased its stake in Apple by 0.3% in the second quarter. Summit Financial Strategies Inc. now owns 6,533 shares of the iPhone maker’s stock worth $625,000 after buying an additional 19 shares during the period. Capital Insight Partners LLC increased its stake in Apple by 0.6% in the second quarter. Capital Insight Partners LLC now owns 4,498 shares of the iPhone maker’s stock worth $430,000 after buying an additional 25 shares during the period. Finally, Hartford Financial Management Inc. increased its stake in Apple by 0.3% in the second quarter. Hartford Financial Management Inc. now owns 10,491 shares of the iPhone maker’s stock worth $1,002,000 after buying an additional 28 shares during the period. 56.46% of the stock is owned by institutional investors.

Shares of Apple Inc. (NASDAQ:AAPL) traded up 0.15% on Friday, reaching $114.06. The company had a trading volume of 24,358,443 shares. Apple Inc. has a 52 week low of $89.47 and a 52 week high of $123.82. The company has a 50 day moving average of $110.36 and a 200-day moving average of $103.24. The company has a market capitalization of $614.61 billion, a P/E ratio of 13.30 and a beta of 1.22.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 EPS for the quarter, topping the consensus estimate of $1.38 by $0.04. Apple had a return on equity of 37.89% and a net margin of 21.70%. The business earned $42.36 billion during the quarter, compared to analyst estimates of $42.35 billion. During the same period last year, the business posted $1.85 earnings per share. The company’s quarterly revenue was down 14.6% on a year-over-year basis. Analysts predict that Apple Inc. will post $8.26 earnings per share for the current fiscal year.

Several brokerages have commented on AAPL. Raymond James Financial Inc. reaffirmed a “hold” rating on shares of Apple in a research note on Saturday, July 9th. Barclays PLC reaffirmed a “buy” rating on shares of Apple in a research note on Sunday, July 17th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $150.00 target price on shares of Apple in a research note on Sunday, July 17th. Brean Capital reaffirmed a “buy” rating and issued a $125.00 target price on shares of Apple in a research note on Wednesday, June 15th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and issued a $117.00 target price (up previously from $115.00) on shares of Apple in a research note on Thursday, August 11th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, forty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $126.13.

In other news, SVP Angela J. Ahrendts sold 35,797 shares of the firm’s stock in a transaction on Tuesday, July 19th. The stock was sold at an average price of $100.00, for a total transaction of $3,579,700.00. Following the completion of the transaction, the senior vice president now directly owns 105,839 shares in the company, valued at $10,583,900. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Jeffrey E. Williams sold 43,769 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $112.59, for a total value of $4,927,951.71. Following the transaction, the chief operating officer now owns 90,657 shares of the company’s stock, valued at $10,207,071.63. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

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