Apple Inc. (AAPL) Shares Bought by PFG Advisors

PFG Advisors boosted its position in Apple Inc. (NASDAQ:AAPL) by 536.2% during the fourth quarter, Holdings Channel reports. The fund owned 18,513 shares of the iPhone maker’s stock after acquiring an additional 15,603 shares during the period. Apple comprises 1.0% of PFG Advisors’ holdings, making the stock its 19th biggest holding. PFG Advisors’ holdings in Apple were worth $2,838,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. boosted its position in Apple by 30.6% during the fourth quarter. Contravisory Investment Management Inc. now owns 614 shares of the iPhone maker’s stock valued at $97,000 after buying an additional 144 shares during the period. CKW Financial Group boosted its position in Apple by 15.0% during the fourth quarter. CKW Financial Group now owns 807 shares of the iPhone maker’s stock valued at $127,000 after buying an additional 105 shares during the period. Selective Wealth Management purchased a new stake in Apple during the third quarter valued at about $194,000. Lawson Kroeker Investment Management Inc. NE purchased a new stake in Apple during the third quarter valued at about $201,000. Finally, Leith Wheeler Investment Counsel Ltd. purchased a new stake in Apple during the third quarter valued at about $201,000. 57.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of AAPL opened at $203.86 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.30 and a debt-to-equity ratio of 0.79. Apple Inc. has a one year low of $142.00 and a one year high of $233.47. The stock has a market capitalization of $1,002.00 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 2.08 and a beta of 1.14.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, January 29th. The iPhone maker reported $4.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.17 by $0.01. Apple had a net margin of 22.72% and a return on equity of 50.92%. The business had revenue of $84.31 billion during the quarter, compared to analyst estimates of $84.07 billion. Sell-side analysts predict that Apple Inc. will post 11.41 EPS for the current fiscal year.

In other Apple news, Director Arthur D. Levinson sold 1,521 shares of the firm’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $167.71, for a total value of $255,086.91. Following the completion of the sale, the director now directly owns 1,134,804 shares in the company, valued at $190,317,978.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Luca Maestri sold 51,138 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $196.61, for a total transaction of $10,054,242.18. Following the completion of the sale, the insider now owns 27,448 shares of the company’s stock, valued at $5,396,551.28. The disclosure for this sale can be found here. Company insiders own 0.05% of the company’s stock.

Several research firms have issued reports on AAPL. BidaskClub upgraded shares of Apple from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Credit Suisse Group began coverage on shares of Apple in a research report on Thursday, April 11th. They set a “neutral” rating and a $209.00 price target for the company. Wedbush upgraded shares of Apple to an “outperform” rating and upped their price target for the company from $215.00 to $225.00 in a research report on Tuesday, April 9th. New Street Research lowered shares of Apple from a “neutral” rating to a “sell” rating and set a $170.00 target price for the company. in a report on Friday, April 12th. Finally, HSBC lowered shares of Apple from a “hold” rating to a “reduce” rating and increased their target price for the stock from $160.00 to $180.00 in a report on Wednesday, April 10th. Three research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $202.45.

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About Apple

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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