Apple Inc. (NASDAQ:AAPL) Shares Purchased by Tri Star Advisors Inc.

Tri Star Advisors Inc. raised its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 1.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,634 shares of the iPhone maker’s stock after acquiring an additional 83 shares during the quarter. Apple accounts for about 0.5% of Tri Star Advisors Inc.’s holdings, making the stock its 24th biggest position. Tri Star Advisors Inc.’s holdings in Apple were worth $1,061,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Apple by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after purchasing an additional 8,734,393 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Apple by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock valued at $14,097,970,000 after purchasing an additional 1,155,915 shares during the last quarter. Swiss National Bank increased its position in shares of Apple by 13.1% in the first quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock valued at $12,407,910,000 after buying an additional 8,230,300 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Apple by 10.1% in the first quarter. Wellington Management Group LLP now owns 67,133,546 shares of the iPhone maker’s stock valued at $11,722,187,000 after buying an additional 6,162,898 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in shares of Apple by 0.9% during the 1st quarter. Jennison Associates LLC now owns 48,826,270 shares of the iPhone maker’s stock worth $8,525,555,000 after buying an additional 424,839 shares during the last quarter. 57.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 25,000 shares of the stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the completion of the sale, the senior vice president now owns 427,334 shares of the company’s stock, valued at $70,411,823.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Katherine L. Adams sold 25,000 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total value of $4,119,250.00. Following the completion of the sale, the senior vice president now directly owns 427,334 shares in the company, valued at approximately $70,411,823.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Deirdre O’brien sold 176,299 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $142.16, for a total value of $25,062,665.84. Following the transaction, the senior vice president now owns 136,290 shares in the company, valued at approximately $19,374,986.40. The disclosure for this sale can be found here. Insiders have sold a total of 306,087 shares of company stock valued at $47,252,854 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Sanford C. Bernstein set a $170.00 target price on shares of Apple in a report on Monday, September 12th. Rosenblatt Securities raised shares of Apple from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $160.00 to $189.00 in a research note on Thursday, September 29th. KeyCorp lifted their price objective on Apple from $177.00 to $185.00 and gave the stock an “overweight” rating in a research report on Friday, August 19th. UBS Group set a $185.00 target price on Apple in a report on Friday, October 21st. Finally, Bank Of America (Bofa) cut Apple from a “buy” rating to a “neutral” rating and cut their price target for the stock from $189.00 to $160.00 in a report on Friday, September 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and a consensus target price of $180.25.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $149.35 on Thursday. The business has a 50-day moving average of $152.39 and a two-hundred day moving average of $151.92. The firm has a market capitalization of $2.40 trillion, a PE ratio of 24.65, a P/E/G ratio of 1.81 and a beta of 1.25. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.86 and a quick ratio of 0.82. Apple Inc. has a 12 month low of $129.04 and a 12 month high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last posted its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.06. Apple had a net margin of 25.71% and a return on equity of 152.97%. The firm had revenue of $82.96 billion during the quarter, compared to the consensus estimate of $82.97 billion. During the same quarter in the prior year, the company earned $1.30 EPS. The company’s revenue was up 1.9% on a year-over-year basis. As a group, research analysts forecast that Apple Inc. will post 6.11 earnings per share for the current year.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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