The institutional investor owned 33,133 shares of the iPhone maker's stock after selling 1,177 shares during the quarter. Apple accounts for about 1.3% of Moon Capital Management LLC's investment portfolio, making the stock its 21st biggest holding.
MA trimmed its position in shares of Apple Inc. We'll just call them the "2018 iPhones" for now. American Beacon Advisors Inc. purchased a new stake in shares of Apple during the first quarter valued at about $117,000. Clearbridge Investments LLC now owns 6,815,812 shares of the iPhone maker's stock valued at $979,160,000 after acquiring an additional 82,453 shares in the last quarter. Apple comprises about 4.4% of Baldwin Brothers Inc. (NASDAQ AAPL) traded up 0.57% during mid-day trading on Wednesday, hitting $156.79. The company's stock had a trading volume of 9,510,423 shares. The company has a market capitalization of $136.44 billion, a P/E ratio of 17.756 and a beta of 1.27. The company's 50 day moving average price is $157.91 and its 200-day moving average price is $151.39.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, August 1st. The phones need to be shipped all around the world from the factories in which they are produced, and the inclusion of a 12W power adapter would increase the weight of the box the iPhone ships in. The business had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. Apple had a return on equity of 34.94% and a net margin of 20.73%. Equities research analysts anticipate that Apple Inc. will post $9.01 EPS for the current fiscal year. It has been also mentioned that LG Innotek is already gearing up to start producing rigid flexible printed circuit boards or RFPCBs for smartphones.
A number of other equities research analysts have also recently commented on AAPL. Goldman Sachs Group, Inc.
Apple's next midrange iPhones could have a bezel-less front similar to the iPhone X, according to The Wall Street Journal. The handset could go on sale in 2020. The sale was disclosed in a filing with the SEC, which is available at this link. Longbow Research reaffirmed a "buy" rating and issued a $173.00 price objective on shares of Apple in a research report on Tuesday, June 13th. The ex-dividend date of this dividend was Thursday, May 11th. The stock was sold at an average price of $162.20, for a total value of $1,698,071.80. Following the transaction, the senior vice president now directly owns 76,250 shares in the company, valued at approximately $12,367,750. Insiders sold a total of 541,177 shares of company stock worth $85,864,804 over the last 90 days.
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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.
There will be a larger successor to the iPhone X in 2018.
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