Science

Loop Capital Initiates Coverage on Apple Inc. (AAPL)

Loop Capital Initiates Coverage on Apple Inc. (AAPL)

The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. State Street Corp now owns 219,739,579 shares of the iPhone maker's stock valued at $25,450,260,000 after buying an additional 4,301,005 shares during the period.

Macroview Investment Management Llc holds 1.86% of its portfolio in Dreyfus Strategic Muni. for 40,683 shares. Warren Averett Asset Management LLC's holdings in Apple were worth $3,832,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in Apple during the fourth quarter valued at $5,625,709,000. Odey Holdings AG boosted its stake in shares of Apple by 27.3% in the fourth quarter. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.10.

Many analysts are providing their Estimated Earnings analysis for Apple Inc. and for the current quarter 38 analysts have projected that the stock could give an Average Earnings estimate of $1.57/share. Moreover, Marquette Asset Management Inc. has 0.2% invested in the company for 56,135 shares. Apple Inc. (NASDAQ:AAPL) notched a 12-month high of $163.11 while $202.00 target is by far the most aggressive out of analysts who are now evaluating AAPL, $38.89 higher than the next highest 52-week price estimate. (NASDAQ:AAPL). Schwartz Inv Counsel Inc accumulated 0.03% or 3,530 shares.

Apple Inc. has a 1-year low of $102.53 and a 1-year high of $159.75. The company has a market capitalization of $136.09 billion, a PE ratio of 17.62 and a beta of 1.31. "Expected to Earn FY2017 Earnings of $8.98 Per Share (NASDAQ:AAPL)" was originally posted by BNB Daily and is the sole property of of BNB Daily. The iPhone maker reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.57 by $0.10. The Return on Equity now counts at 35.10%. The firm had revenue of $45.41 billion for the quarter, compared to analysts' expectations of $44.94 billion. During the same quarter previous year, the firm earned $1.42 EPS. The business's revenue was up 7.2% on a year-over-year basis. Analysts expect that Apple Inc. will post $8.97 earnings per share for the current fiscal year.

More news: Apple CEO Tim Cook: 'I'm Very, Very Bullish on India'
More news: Recommendation Trends for Investors: Intercontinental Exchange, Inc. (ICE)
More news: TX Has $287000 Position in Micron Technology, Inc. (MU)

Apple declared that its board has approved a stock repurchase program on Tuesday, May 2nd that permits the company to buyback $50.00 billion in shares. This buyback authorization allows the iPhone maker to buy up to 6.5% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued. Stockholders of record on Monday, August 14th will be paid a dividend of $0.63 per share. The ex-dividend date was Thursday the 11th of May 2017. At present, 1 analysts call it Sell, while 11 think it is Hold. This dividend amount was represent a yeild of $1.69.

ILLEGAL ACTIVITY WARNING: "Advantage Investment Management LLC Acquires 716 Shares of Apple Inc". (NASDAQ:AAPL). 5,147 are owned by Smith And Howard Wealth Mngmt Ltd Liability. If you are reading this report on another domain, it was illegally stolen and republished in violation of US and worldwide trademark & copyright legislation. The correct version of this news story can be viewed at https://www.themarketsdaily.com/2017/08/03/apple-inc-nasdaqaapl-is-heritage-investors-management-corps-largest-position-updated-updated-updated.html. They raised their price target for the stock to $176 from $168 and backed their rating of outperform, or buy.

Clean Yield Group increased Mid Amer Apt Cmntys Inc Com (NYSE:MAA) stake by 3,730 shares to 7,435 valued at $728,000 in 2016Q4. Guggenheim reaffirmed a buy rating and set a $180.00 price objective on shares of Apple in a research report on Friday, July 21st. Credit Suisse maintained the shares of AAPL in report on Wednesday, August 2 with "Buy" rating.

August 2 investment analysts at Barclays left the stock rating at "Equal-Weight" and moved down the price target from $185.00 to $146.00. SELL rating has been given by 0 analyst (s) and 15 analyst (s) given BUY rating to the stock. On August 2 Deutsche Bank left the company rating at "Hold" and moved up the price target from $120.00 to $140.00.

In related news, Director Arthur D. Levinson sold 35,000 shares of the company's stock in a transaction that occurred on Tuesday, May 9th. The shares were purchased at an average price of $155.51. Following the transaction, the insider now owns 81,936 shares of the company's stock, valued at $12,637,808.64. Luca Maestri, Sr VP reported the sale of 4,757 shares of AAPL stock. The stock tapped a 52-week high of US$90.99 while the mean 12-month price target for the shares is US$62.93. The disclosure for this sale can be found here. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker's stock valued at $1,334,527,000 after buying an additional 1,749,797 shares in the last quarter.


  • Air Canada near-miss was worse than first thought

    Air Canada near-miss was worse than first thought

    Audio of air traffic control communications captured the concern of the pilots watching the approaching Air Canada flight. The risk of collisions on the ground have been raised as a safety issue by the NTSB in the past.
    Google made fun of iPhone's lack of jack

    Google made fun of iPhone's lack of jack

    However, unfortunately according to the render, there was no headphone jack both in the Pixel 2 and the Pixel XL 2. A concept video of Pixel 2 also shows off thin bezels and a mono-tone rear panel.
    Netanyahu suspected of bribery and fraud, Israeli Police tells court

    Netanyahu suspected of bribery and fraud, Israeli Police tells court

    Israeli Prime Minister is accused of bribery and corruption, police told a court on Thursday. The gag order was granted and is effective until September 17.
  • Fatal crash claims woman's life, badly injures five children

    Fatal crash claims woman's life, badly injures five children

    The CHP is investigating the cause of the crash, and they have not determined if the big rig's driver was impaired in any way. A woman is dead and five young children are seriously injured after a crash in rural Solano County Tuesday afternoon.
    TX Holds Position in ING Group, NV (ING)

    TX Holds Position in ING Group, NV (ING)

    Fox Run Management L.L.C. acquired a new stake in shares of ING Group, N.V. during the first quarter worth approximately $208,000. ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by Sports Perspectives and is owned by of Sports Perspectives.

    Dick's Sporting Goods Inc (DKS) Stock Rating Lowered by Telsey Advisory Group

    Can now owns 27,984 shares of the company's stock worth $421,000 after buying an additional 6,000 shares during the last quarter. OZ Management LP bought a new stake in shares of Dick's Sporting Goods during the first quarter valued at about $86,412,000.
  • Sensex, Nifty extend losses on global cues, banking stocks

    Sensex, Nifty extend losses on global cues, banking stocks

    IOC , ACC and Bharti Airtel are the top Nifty gainers, whereas Lupin , Coal India and Bank of Baroda are the top Nifty losers. The Sensex scaled a high of 32,632.02 points and a low of 32,462.25 points during intra-day trade.

    ZWJ Investment Counsel Inc. Takes Position in Express Scripts Holding Company (ESRX)

    The stock of Trilogy Energy Corp (TSE:TET) has "Sector Perform" rating given on Wednesday, January 18 by RBC Capital Markets. First Foundation Advisors increased Retail Opportunity Investments (ROIC) stake by 463.62% reported in 2016Q4 SEC filing.
    Tank-Like Armored Dinosaur Borealopelta Markmitchelli Used Camouflage To Avoid Predators

    Tank-Like Armored Dinosaur Borealopelta Markmitchelli Used Camouflage To Avoid Predators

    Researchers described the new species this week in the journal Current Biology . The researchers soon realized that the rocks contained an armored dinosaur.
  • Dubai's record-breaking 335m Torch Tower bursts into flames

    Dubai's record-breaking 335m Torch Tower bursts into flames

    Photos show the Torch Tower in the United Arab Emirates on fire, with a line of flames stretching down the side of the building. One social media user Cara Spillane tweeted: "Terrifying to see Torch Tower, in the area I live in ( Dubai Marina) on fire now".
    EU's Tusk warns Poland moving toward leaving the bloc

    EU's Tusk warns Poland moving toward leaving the bloc

    A European Commission spokesman said that Brussels had seen media reports of logging in the forest in spite of the European Court of Justice telling Poland to stop.
    Camila Cabello pays tribute to Cuba with new song 'Havana'

    Camila Cabello pays tribute to Cuba with new song 'Havana'

    The track was produced by Pharrell Williams and features Cabello singing about a love she left in Cuba. She's next joining Bruno Mars on his 24K Magic World Tour for a handful of dates this month.