Facet Wealth Inc. Raises Stake in Apple Inc. $AAPL

Facet Wealth Inc. lifted its stake in shares of Apple Inc. ( NASDAQ:AAPL – Free Report ) by 6.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 151,666 shares of the iPhone maker’s stock after purchasing an additional 9,275 shares during the quarter. Apple comprises about 0.6% of Facet Wealth Inc.’s investment portfolio, making the stock its 16th largest position. Facet Wealth Inc.’s holdings in Apple were worth $43,886,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Apple by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker’s stock valued at $387,749,545,000 after acquiring an additional 26,856,752 shares during the period. State Street Corp grew its holdings in shares of Apple by 1.1% in the 4th quarter. State Street Corp now owns 604,056,505 shares of the iPhone maker’s stock worth $164,218,801,000 after acquiring an additional 6,555,392 shares during the period. Geode Capital Management LLC grew its holdings in shares of Apple by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 358,032,517 shares of the iPhone maker’s stock worth $97,031,587,000 after acquiring an additional 1,866,103 shares during the period. Morgan Stanley increased its stake in Apple by 0.6% in the 4th quarter. Morgan Stanley now owns 230,483,035 shares of the iPhone maker’s stock valued at $62,659,118,000 after purchasing an additional 1,379,651 shares in the last quarter. Finally, Norges Bank purchased a new position in Apple in the 4th quarter valued at approximately $52,266,468,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades AAPL has been the topic of a number of research analyst reports. Oppenheimer reiterated a “market perform” rating on shares of Apple in a research report on Friday, July 31st. KeyCorp restated an “underweight” rating and issued a $250.00 price target on shares of Apple in a research report on Tuesday, July 28th. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a research note on Friday, July 31st. DA Davidson reiterated a “neutral” rating and issued a $270.00 price objective on shares of Apple in a research report on Friday, July 31st. Finally, UBS Group reissued a “neutral” rating on shares of Apple in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $330.53.

Shares of NASDAQ:AAPL opened at $319.70 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.93 and a current ratio of 1.00. The business’s fifty day moving average price is $312.24 and its two-hundred day moving average price is $288.43. The stock has a market cap of $4.67 trillion, a PE ratio of 36.66, a price-to-earnings-growth ratio of 2.74 and a beta of 1.09. Apple Inc. has a one year low of $225.95 and a one year high of $344.57. Apple ( NASDAQ:AAPL – Get Free Report ) last released its quarterly earnings results on Thursday, July 30th. The iPhone maker reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by ...