Tecnología

Somerset Trust Co Has $4.77 Million Holdings in Apple Inc. (AAPL)

Somerset Trust Co Has $4.77 Million Holdings in Apple Inc. (AAPL)

The sale was disclosed in a filing with the SEC, which is available at this link. Apple comprises about 4.4% of Baldwin Brothers Inc. Welch Investments LLC purchased a new position in shares of Apple during the fourth quarter valued at about $146,000. Baldwin Brothers Inc. MA's holdings in Apple were worth $27,091,000 at the end of the most recent reporting period.

Several institutional investors have recently modified their holdings of the company. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker's stock valued at $1,334,527,000 after acquiring an additional 1,749,797 shares in the last quarter. American Beacon Advisors Inc. purchased a new position in shares of Apple during the first quarter valued at about $117,000. Fisher Asset Management LLC now owns 11,638,395 shares of the iPhone maker's stock valued at $1,671,972,000 after acquiring an additional 140,368 shares in the last quarter.

Somerset Trust Co reduced its position in Apple Inc. (NASDAQ AAPL) traded up 0.577% during mid-day trading on Wednesday, reaching $156.799. The stock had a trading volume of 9,508,321 shares. With the cellular Series 3 now capable of phone-free calls, messaging, mobile payments, fitness tracking and even gaming, could it genuinely take the role of smartphone for the day? The firm has a market capitalization of $801.12 billion, a P/E ratio of 18.0260 and a beta of 1.26. Apple Inc. has a one year low of $104.08 and a one year high of $164.94.

Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, May 2nd. The iPhone maker reported $1.67 EPS for the quarter, topping the Zacks' consensus estimate of $1.57 by $0.10. Apple had a return on equity of 34.94% and a net margin of 20.73%. The business had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. During the same quarter in the prior year, the company earned $1.42 EPS. Apple's revenue for the quarter was up 7.2% on a year-over-year basis.

The report adds that Apple could be launching its foldable smartphone by 2020.

COPYRIGHT VIOLATION WARNING: "Baldwin Brothers Inc". Fisher Asset Management LLC grew its position in Apple by 1.2% in the 1st quarter. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. Needham & Company LLC reissued a top pick rating and issued a $150.00 target price on shares of Apple in a research note on Tuesday, January 24th.

In other Apple news, CEO Timothy D. Cook sold 268,623 shares of the company's stock in a transaction on Monday, August 28th.