Cambridge Investment Research Advisors Inc. Buys 13,995 Shares of Apple (AAPL)

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Cambridge Investment Research Advisors Inc. raised its stake in shares of Apple (NASDAQ:AAPL) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 942,286 shares of the iPhone maker’s stock after purchasing an additional 13,995 shares during the quarter. Apple comprises 1.9% of Cambridge Investment Research Advisors Inc.’s holdings, making the stock its 4th biggest position. Cambridge Investment Research Advisors Inc.’s holdings in Apple were worth $159,463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Capital Insight Partners LLC increased its stake in Apple by 4.9% during the 4th quarter. Capital Insight Partners LLC now owns 6,292 shares of the iPhone maker’s stock valued at $1,065,000 after purchasing an additional 293 shares in the last quarter. Welch Investments LLC boosted its holdings in shares of Apple by 18.7% in the 3rd quarter. Welch Investments LLC now owns 1,907 shares of the iPhone maker’s stock valued at $294,000 after acquiring an additional 300 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI boosted its holdings in shares of Apple by 0.4% in the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 76,786 shares of the iPhone maker’s stock valued at $12,994,000 after acquiring an additional 303 shares during the last quarter. Perennial Advisors LLC boosted its holdings in shares of Apple by 1.0% in the 4th quarter. Perennial Advisors LLC now owns 31,554 shares of the iPhone maker’s stock valued at $5,340,000 after acquiring an additional 303 shares during the last quarter. Finally, Nadler Financial Group Inc. boosted its holdings in shares of Apple by 0.5% in the 4th quarter. Nadler Financial Group Inc. now owns 57,894 shares of the iPhone maker’s stock valued at $9,797,000 after acquiring an additional 305 shares during the last quarter. Institutional investors and hedge funds own 58.04% of the company’s stock.

In other Apple news, insider Angela J. Ahrendts sold 38,228 shares of Apple stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $176.54, for a total transaction of $6,748,771.12. Following the completion of the sale, the insider now directly owns 90,967 shares in the company, valued at $16,059,314.18. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Philip W. Schiller sold 69,491 shares of Apple stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of $166.42, for a total transaction of $11,564,692.22. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 279,074 shares of company stock valued at $49,607,454. Company insiders own 0.06% of the company’s stock.

Several analysts have recently commented on the stock. Vetr downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $184.49 price objective on the stock. in a report on Tuesday, February 27th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Apple in a report on Friday, March 16th. Monness Crespi & Hardt assumed coverage on shares of Apple in a report on Wednesday, April 11th. They issued a “buy” rating and a $235.00 price objective on the stock. Zacks Investment Research downgraded shares of Apple from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Finally, Morgan Stanley dropped their price objective on shares of Apple from $203.00 to $200.00 and set an “overweight” rating on the stock in a report on Friday, April 20th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the company. Apple has a consensus rating of “Buy” and an average target price of $206.89.

Apple opened at $188.74 on Tuesday, MarketBeat Ratings reports. Apple has a 12-month low of $142.28 and a 12-month high of $194.20. The stock has a market cap of $958.18 billion, a P/E ratio of 20.49, a PEG ratio of 1.55 and a beta of 1.29. The company has a quick ratio of 1.37, a current ratio of 1.46 and a debt-to-equity ratio of 0.80.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, May 1st. The iPhone maker reported $2.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.69 by $0.04. Apple had a net margin of 21.55% and a return on equity of 39.97%. The firm had revenue of $61.14 billion during the quarter, compared to analysts’ expectations of $60.94 billion. During the same period last year, the business earned $2.10 earnings per share. Apple’s revenue was up 15.6% compared to the same quarter last year. equities research analysts predict that Apple will post 11.42 earnings per share for the current year.

Apple announced that its Board of Directors has authorized a share repurchase plan on Tuesday, May 1st that authorizes the company to buyback $100.00 billion in shares. This buyback authorization authorizes the iPhone maker to repurchase up to 11.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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