Brighton Jones LLC Grows Holdings in Apple Inc. (AAPL)

Brighton Jones LLC grew its position in Apple Inc. (NASDAQ:AAPL) by 150.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,438 shares of the iPhone maker’s stock after acquiring an additional 36,337 shares during the quarter. Apple accounts for 2.1% of Brighton Jones LLC’s portfolio, making the stock its 12th biggest holding. Brighton Jones LLC’s holdings in Apple were worth $8,683,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in AAPL. Stonehearth Capital Management LLC increased its position in shares of Apple by 0.8% during the 1st quarter. Stonehearth Capital Management LLC now owns 2,378 shares of the iPhone maker’s stock valued at $342,000 after purchasing an additional 20 shares during the last quarter. Sippican Capital Advisors increased its position in shares of Apple by 0.5% during the 1st quarter. Sippican Capital Advisors now owns 4,912 shares of the iPhone maker’s stock valued at $706,000 after purchasing an additional 26 shares during the last quarter. Cordasco Financial Network increased its position in shares of Apple by 1.0% during the 1st quarter. Cordasco Financial Network now owns 3,184 shares of the iPhone maker’s stock valued at $457,000 after purchasing an additional 31 shares during the last quarter. Lbmc Investment Advisors LLC increased its position in shares of Apple by 1.1% during the 1st quarter. Lbmc Investment Advisors LLC now owns 5,386 shares of the iPhone maker’s stock valued at $774,000 after purchasing an additional 59 shares during the last quarter. Finally, Pineno Levin & Ford Asset Management Inc. increased its position in shares of Apple by 1.3% during the 1st quarter. Pineno Levin & Ford Asset Management Inc. now owns 5,618 shares of the iPhone maker’s stock valued at $807,000 after purchasing an additional 73 shares during the last quarter. 60.45% of the stock is currently owned by institutional investors and hedge funds.

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AAPL has been the topic of several analyst reports. Oppenheimer Holdings, Inc. reissued a “” rating on shares of Apple in a research report on Thursday, August 10th. Longbow Research reissued a “buy” rating and set a $162.00 target price on shares of Apple in a research report on Wednesday, May 24th. Keefe, Bruyette & Woods set a $170.00 target price on Apple and gave the company a “buy” rating in a research report on Monday, May 22nd. Credit Suisse Group reissued a “buy” rating and set a $170.00 target price on shares of Apple in a research report on Tuesday, May 23rd. Finally, Sanford C. Bernstein reissued a “buy” rating and set a $160.00 target price on shares of Apple in a research report on Tuesday, May 23rd. Eleven investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $169.52.

In other Apple news, insider Daniel J. Riccio sold 11,949 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $142.86, for a total value of $1,707,034.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arthur D. Levinson sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $157.58, for a total transaction of $5,515,300.00. Following the completion of the sale, the director now directly owns 1,168,283 shares of the company’s stock, valued at approximately $184,098,035.14. The disclosure for this sale can be found here. Insiders sold 432,930 shares of company stock valued at $69,008,577 in the last ninety days. Insiders own 0.08% of the company’s stock.

Apple Inc. (NASDAQ AAPL) traded down 1.054% during trading on Wednesday, reaching $159.165. 30,333,054 shares of the company were exchanged. The firm has a market cap of $822.12 billion, a price-to-earnings ratio of 18.071 and a beta of 1.27. Apple Inc. has a 52-week low of $104.08 and a 52-week high of $164.94. The firm has a 50-day moving average of $158.11 and a 200-day moving average of $148.94.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The firm had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. During the same quarter in the prior year, the firm earned $1.42 earnings per share. The business’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts forecast that Apple Inc. will post $9.02 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.57%. The ex-dividend date was Thursday, August 10th. Apple’s payout ratio is presently 28.64%.

Apple Profile

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. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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