EULAV Asset Management Buys 4,003 Shares of Apple Inc. (NASDAQ:AAPL)

EULAV Asset Management boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,056 shares of the iPhone maker’s stock after purchasing an additional 4,003 shares during the period. EULAV Asset Management’s holdings in Apple were worth $20,284,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AAPL. International Assets Investment Management LLC increased its holdings in Apple by 20,372.7% during the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock valued at $219,829,700,000 after buying an additional 93,886,664 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Apple by 5.5% during the second quarter. Dimensional Fund Advisors LP now owns 52,981,808 shares of the iPhone maker’s stock valued at $11,160,183,000 after buying an additional 2,785,807 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Apple by 6.7% during the second quarter. Ameriprise Financial Inc. now owns 51,765,589 shares of the iPhone maker’s stock valued at $10,909,457,000 after buying an additional 3,245,281 shares during the last quarter. American Century Companies Inc. increased its holdings in Apple by 3.2% during the second quarter. American Century Companies Inc. now owns 34,619,614 shares of the iPhone maker’s stock valued at $7,291,583,000 after buying an additional 1,065,759 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Apple by 1.3% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 34,486,195 shares of the iPhone maker’s stock valued at $8,035,283,000 after buying an additional 432,140 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of research reports. Jefferies Financial Group cut shares of Apple from a “hold” rating to an “underperform” rating and reduced their target price for the company from $211.84 to $200.75 in a report on Tuesday, January 21st. Morgan Stanley reissued an “overweight” rating and issued a $273.00 price objective on shares of Apple in a research note on Friday, December 13th. Monness Crespi & Hardt increased their price objective on shares of Apple to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $262.00 price objective on shares of Apple in a research note on Monday. Finally, Loop Capital cut shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research note on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $238.05.

Apple Price Performance

Apple stock opened at $239.36 on Thursday. The firm has a 50-day moving average price of $241.17 and a 200-day moving average price of $230.75. The firm has a market capitalization of $3.60 trillion, a PE ratio of 39.37, a price-to-earnings-growth ratio of 2.19 and a beta of 1.20. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. The firm had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business earned $1.46 EPS. As a group, equities research analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

About Apple

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.