Bainco International Investors Has $30.87 Million Stake in Apple Inc. (AAPL)

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Bainco International Investors grew its stake in Apple Inc. (NASDAQ:AAPL) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 136,744 shares of the iPhone maker’s stock after acquiring an additional 2,854 shares during the quarter. Apple accounts for 4.2% of Bainco International Investors’ holdings, making the stock its 4th biggest position. Bainco International Investors’ holdings in Apple were worth $30,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. American Economic Planning Group Inc. ADV increased its stake in Apple by 7.9% during the 3rd quarter. American Economic Planning Group Inc. ADV now owns 7,636 shares of the iPhone maker’s stock worth $1,724,000 after purchasing an additional 556 shares in the last quarter. Allianz Life Insurance Co. of North America increased its stake in Apple by 16.7% during the 3rd quarter. Allianz Life Insurance Co. of North America now owns 4,648 shares of the iPhone maker’s stock worth $1,049,000 after purchasing an additional 665 shares in the last quarter. Baystate Wealth Management LLC increased its stake in Apple by 11.5% during the 3rd quarter. Baystate Wealth Management LLC now owns 20,352 shares of the iPhone maker’s stock worth $4,404,000 after purchasing an additional 2,102 shares in the last quarter. Andra AP fonden increased its stake in Apple by 28.8% during the 3rd quarter. Andra AP fonden now owns 27,300 shares of the iPhone maker’s stock worth $6,163,000 after purchasing an additional 6,100 shares in the last quarter. Finally, First Hawaiian Bank increased its stake in Apple by 720.0% during the 3rd quarter. First Hawaiian Bank now owns 82,101 shares of the iPhone maker’s stock worth $18,534,000 after purchasing an additional 72,089 shares in the last quarter. 57.06% of the stock is owned by institutional investors.

AAPL has been the subject of a number of research reports. Wells Fargo & Co set a $210.00 target price on Apple and gave the stock a “neutral” rating in a research note on Monday, September 17th. Royal Bank of Canada set a $240.00 target price on Apple and gave the stock a “buy” rating in a research note on Monday, September 17th. UBS Group set a $250.00 target price on Apple and gave the stock a “buy” rating in a research note on Monday, September 17th. Robert W. Baird reaffirmed a “buy” rating and set a $230.00 price target on shares of Apple in a research note on Monday, September 17th. Finally, Rosenblatt Securities set a $200.00 price target on shares of Apple and gave the stock a “buy” rating in a research note on Monday, September 17th. Three research analysts have rated the stock with a sell rating, twenty-six have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. Apple has an average rating of “Hold” and a consensus price target of $195.19.

NASDAQ AAPL opened at $152.29 on Monday. The company has a market capitalization of $753.54 billion, a PE ratio of 12.79, a P/E/G ratio of 1.45 and a beta of 1.23. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.12 and a quick ratio of 1.09. Apple Inc. has a 12 month low of $142.00 and a 12 month high of $233.47.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, November 1st. The iPhone maker reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. The company had revenue of $62.90 billion during the quarter, compared to the consensus estimate of $61.55 billion. Apple had a return on equity of 48.68% and a net margin of 22.41%. The firm’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.07 EPS. On average, sell-side analysts forecast that Apple Inc. will post 12.1 earnings per share for the current year.

In other news, insider Chris Kondo sold 3,408 shares of the stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $190.00, for a total value of $647,520.00. Following the completion of the sale, the insider now owns 8,940 shares of the company’s stock, valued at approximately $1,698,600. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.06% of the company’s stock.

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Apple Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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