Apple Inc. (NASDAQ:AAPL) Shares Bought by Edmonds Duncan Registered Investment Advisors LLC

Edmonds Duncan Registered Investment Advisors LLC grew its position in shares of Apple Inc. (NASDAQ:AAPL) by 11.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,981 shares of the iPhone maker’s stock after buying an additional 956 shares during the quarter. Edmonds Duncan Registered Investment Advisors LLC’s holdings in Apple were worth $1,517,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. B. Riley Financial Inc. grew its position in shares of Apple by 27.6% during the 1st quarter. B. Riley Financial Inc. now owns 17,412 shares of the iPhone maker’s stock valued at $2,921,000 after purchasing an additional 3,770 shares in the last quarter. Roof Advisory Group Inc. grew its position in shares of Apple by 44.0% during the 1st quarter. Roof Advisory Group Inc. now owns 42,322 shares of the iPhone maker’s stock valued at $7,101,000 after purchasing an additional 12,930 shares in the last quarter. Mizuho Securities USA LLC purchased a new position in shares of Apple during the 1st quarter valued at $1,477,000. Viridian Ria LLC purchased a new position in shares of Apple during the 1st quarter valued at $525,000. Finally, Turim 21 Investimentos Ltda. grew its position in shares of Apple by 5.1% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 59,421 shares of the iPhone maker’s stock valued at $9,970,000 after purchasing an additional 2,906 shares in the last quarter. 58.58% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Angela J. Ahrendts sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $232.66, for a total transaction of $5,816,500.00. Following the transaction, the senior vice president now owns 105,538 shares in the company, valued at $24,554,471.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Arthur D. Levinson sold 20,000 shares of the business’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $206.58, for a total transaction of $4,131,600.00. Following the transaction, the director now owns 1,153,283 shares in the company, valued at approximately $238,245,202.14. The disclosure for this sale can be found here. Insiders have sold 564,185 shares of company stock worth $124,444,213 in the last quarter. 0.06% of the stock is owned by corporate insiders.

Shares of NASDAQ:AAPL opened at $223.77 on Tuesday. The stock has a market cap of $1,109.54 billion, a PE ratio of 24.30, a PEG ratio of 1.99 and a beta of 1.36. The company has a quick ratio of 1.24, a current ratio of 1.31 and a debt-to-equity ratio of 0.84. Apple Inc. has a 12 month low of $150.24 and a 12 month high of $233.47.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, July 31st. The iPhone maker reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.16. Apple had a net margin of 21.98% and a return on equity of 43.50%. The company had revenue of $53.27 billion for the quarter, compared to analysts’ expectations of $52.43 billion. During the same quarter in the previous year, the company earned $1.67 earnings per share. Apple’s quarterly revenue was up 17.3% on a year-over-year basis. On average, equities analysts anticipate that Apple Inc. will post 11.76 earnings per share for the current year.

A number of analysts have recently issued reports on the stock. UBS Group assumed coverage on shares of Apple in a report on Wednesday, September 12th. Maxim Group lifted their price objective on shares of Apple to $221.00 and gave the stock an “average” rating in a report on Thursday, September 13th. Royal Bank of Canada lifted their price objective on shares of Apple to $250.00 and gave the stock an “average” rating in a report on Wednesday, September 26th. BidaskClub raised shares of Apple from a “hold” rating to a “buy” rating in a report on Monday, June 18th. Finally, Macquarie reaffirmed a “buy” rating and set a $197.00 price objective on shares of Apple in a report on Monday, June 11th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirty have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $221.63.

Apple Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

Further Reading: How Do You Calculate Return on Equity (ROE)?

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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