American Beacon Advisors Inc. Purchases Shares of 814 Apple Inc. (AAPL)

Remigio Civitarese
Agosto 16, 2017

(NASDAQ:AAPL) by 30.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,350 shares of the iPhone maker's stock after selling 4,150 shares during the period. Smithfield Trust Co.'s holdings in Apple were worth $2,840,000 at the end of the most recent quarter. Glacier Peak Capital LLC purchased a new position in shares of Apple during the fourth quarter valued at about $127,000. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker's stock valued at $95,840,000 after buying an additional 4,137 shares in the last quarter. Pinnacle Bank purchased a new position in Apple during the first quarter valued at approximately $1,924,000. Perigon Wealth Management LLC now owns 147,469 shares of the iPhone maker's stock valued at $20,613,000 after buying an additional 8,233 shares during the period. Norges Bank purchased a new position in Apple during the fourth quarter valued at approximately $5,625,709,000. Finally, Private Vista LLC purchased a new stake in shares of Apple during the second quarter worth about $122,000. Apple has a 1-year low of $102.53 and a 1-year high of $162.20. (NASDAQ AAPL) traded up 1.09% during trading on Tuesday, hitting $161.60. The firm has a 50-day moving average price of $150.76 and a 200 day moving average price of $145.17. The stock has a market cap of $834.70 billion, a PE ratio of 18.35 and a beta of 1.31.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.57 by $0.10. Apple had a return on equity of 35.40% and a net margin of 20.87%. The firm had revenue of $45.41 billion during the quarter, compared to analyst estimates of $44.94 billion. Colony Group has an ownership of 46,426 stocks of the iPhone maker's shares valued at $6,686,000 after scooping up an extra 26,292 shares through out the previous quarter, Koch Industries boosted its position in Apple by 14,147.1% in the Fiscal Q2. Apple's revenue for the quarter was up 7.2% compared to the same quarter a year ago. Equities research analysts predict that Apple will post $9.02 earnings per share for the current year.

Apple announced that its Board of Directors has approved a stock buyback program on Tuesday, May 2nd that permits the company to buyback $50.00 billion in shares. This repurchase authorization allows the iPhone maker to reacquire up to 6.5% of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued. Shareholders of record on Monday, August 14th will be issued a dividend of $0.63 per share. Also, insider Daniel J. Riccio sold 11,949 shares of the stock in a transaction dated Thursday, July 6th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.58%. Apple's payout ratio is 28.64%.

Horan Capital Management decreased its position in Apple Inc. (NASDAQ:AAPL) during the first quarter, Holdings Channel reports. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark law. The correct version of this article can be read at https://transcriptdaily.com/2017/08/16/private-capital-management-inc-has-1-34-million-position-in-apple-inc-nasdaqaapl-updated-updated.html.

A number of other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corporation restated a "buy" rating and set a $180.00 price objective (up previously from $155.00) on shares of Apple in a research report on Friday, May 12th. Goldman Sachs Group, Inc. Longbow Research reissued a "buy" rating and issued a $173.00 price target on shares of Apple in a research note on Friday. Vetr downgraded Apple from a "buy" rating to a "hold" rating and set a $164.97 price objective for the company.in a research note on Tuesday. UBS AG reiterated a "buy" rating and set a $170.00 price target on shares of Apple in a report on Monday, July 31st. Rosenblatt Securities set a $120.00 price target on Apple and gave the stock a "hold" rating in a research report on Wednesday, May 3rd. The company presently has an average rating of "Buy" and an average price target of $167.33.

In related news, SVP D Bruce Sewell sold 31,625 shares of the company's stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $157.58, for a total transaction of $5,515,300.00. Following the completion of the transaction, the senior vice president now owns 112,430 shares of the company's stock, valued at $17,778,555.90. Also, insider Craig Federighi sold 63,163 shares of Apple stock in a transaction on Monday, August 7th. The shares were sold at an average price of $153.62, for a total value of $9,908,490.00. Following the transaction, the insider now owns 3,414 shares in the company, valued at approximately $528,145.80. The disclosure for this sale can be found here. Insiders have sold a total of 287,962 shares of company stock worth $44,702,313 in the last three months. Hedge funds and other institutional investors own 61.50% of the company's stock.

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.

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