Ferguson Wellman Capital Management Inc. Boosts Stake in Apple by 1.7%

Ferguson Wellman Capital Management Inc., an investment firm, increased its stake in Apple Inc. (AAPL) by 1.7% during the second quarter, according to a recent SEC filing.

The firm now owns 1,387,665 shares of Apple's stock, which is worth approximately $401.5 million and comprises about 4.9% of Ferguson Wellman Capital Management Inc.'s holdings.

Apple's stock price has been volatile lately, with a current market capitalization of $4.86 trillion and a price-to-earnings ratio of 38.19.