Today The Campbell Newman Asset Management Inc. Has $17,351,000 Stake in Apple Inc. (AAPL)

Today The Campbell Newman Asset Management Inc. Has $17,351,000 Stake in Apple Inc. (AAPL)

Campbell Newman Asset Management Inc. increased its stake in Apple Inc. (NASDAQ:AAPL) by 169.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 153,485 shares of the iPhone maker’s stock after buying an additional 96,580 shares during the period. Apple comprises about 3.1% of Campbell Newman Asset Management Inc.’s portfolio, making the stock its 8th largest position. Campbell Newman Asset Management Inc.’s holdings in Apple were worth $17,351,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. LGT Capital Partners LTD. raised its position in Apple by 10.4% in the third quarter. LGT Capital Partners LTD. now owns 140,020 shares of the iPhone maker’s stock valued at $15,829,000 after buying an additional 13,140 shares during the period. BNP Paribas Arbitrage SA raised its position in Apple by 34.8% in the second quarter. BNP Paribas Arbitrage SA now owns 5,887,600 shares of the iPhone maker’s stock valued at $562,855,000 after buying an additional 1,521,440 shares during the period. CFO4Life L.P. raised its position in Apple by 3.3% in the third quarter. CFO4Life L.P. now owns 21,036 shares of the iPhone maker’s stock valued at $2,378,000 after buying an additional 670 shares during the period. Woodstock Corp raised its position in Apple by 2.4% in the third quarter. Woodstock Corp now owns 62,122 shares of the iPhone maker’s stock valued at $7,023,000 after buying an additional 1,440 shares during the period. Finally, CI Global Investments Inc. raised its position in Apple by 7.2% in the second quarter. CI Global Investments Inc. now owns 538,675 shares of the iPhone maker’s stock valued at $51,497,000 after buying an additional 36,200 shares during the period. 58.95% of the stock is owned by institutional investors.

Apple Inc. (NASDAQ:AAPL) traded up 1.08% during mid-day trading on Wednesday, reaching $121.26. The company’s stock had a trading volume of 16,405,096 shares. Apple Inc. has a one year low of $89.47 and a one year high of $121.69. The stock has a 50-day moving average price of $116.82 and a 200-day moving average price of $111.12. The company has a market capitalization of $646.60 billion, a price-to-earnings ratio of 14.59 and a beta of 1.30.

Several research analysts have recently commented on AAPL shares. Brean Capital reaffirmed a “buy” rating on shares of Apple in a report on Wednesday, September 28th. Bank of America Corporation reaffirmed a “buy” rating and issued a $125.00 price target on shares of Apple in a report on Tuesday, September 27th. Citigroup Inc. lifted their price target on shares of Apple from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, September 30th. Canaccord Genuity reaffirmed a “buy” rating and issued a $140.00 price target on shares of Apple in a report on Saturday, October 8th. Finally, Drexel Hamilton reissued a “buy” rating and set a $185.00 target price on shares of Apple in a research note on Monday, October 10th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, forty-one have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Apple presently has a consensus rating of “Buy” and an average target price of $130.09.

In related news, insider Philip W. Schiller sold 43,769 shares of the firm’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $115.07, for a total value of $5,036,498.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel J. Riccio sold 33,323 shares of the firm’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $110.35, for a total value of $3,677,193.05. Following the completion of the transaction, the insider now owns 32,484 shares of the company’s stock, valued at approximately $3,584,609.40. The disclosure for this sale can be found here. Insiders sold a total of 187,559 shares of company stock valued at $21,715,924 in the last three months. Insiders own 0.08% of the company’s stock.

About Apple

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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