TD Waterhouse Canada Boosts Stake in Apple by 1.0 Percent
TD Waterhouse Canada Inc. has increased its stake in Apple Inc. (NASDAQ:AAPL) by 1.0% during the second quarter, according to its latest filing with the Securities & Exchange Commission. The institutional investor now holds 4,248,696 shares of the iPhone maker's stock after purchasing an additional 43,545 shares. Apple represents 3.3% of TD Waterhouse Canada Inc.'s portfolio, making it the firm's third-largest holding. As of the most recent filing, TD Waterhouse Canada Inc.'s holdings in Apple were valued at $1,250,668,000.
Several other large investors have also adjusted their positions in Apple recently. Evansbrook LLC increased its holdings by 0.4% in the first quarter, now owning 8,095 shares worth $2,054,000. JMG Financial Group Ltd. lifted its position by 0.7% in the first quarter, holding 5,102 shares valued at $1,295,000. Interactive Financial Advisors Inc. boosted its stake by 4.0% in the fourth quarter, now owning 1,051 shares worth $286,000. Sugar Maple Asset Management LLC increased its stake by 2.0% during the first quarter, holding 2,029 shares valued at $515,000. Sfam LLC raised its stake by 1.0% during the first quarter, now owning 4,709 shares worth $1,195,000. Institutional investors and hedge funds collectively own 67.73% of Apple's stock.
In related news, insider Timothy D. Cook sold 191,753 shares of Apple's stock on October 2nd at an average price of $332.96, totaling $63,846,078.88. Following the transaction, Cook directly owned 3,264,168 shares valued at approximately $1,086,837,377.28. The sale represented a 5.55% decrease in his ownership. The transaction was made to cover tax withholding obligations related to the vesting of equity awards. Additionally, SVP Jennifer Newstead sold 2,399 shares on September 29th at an average price of $336.18, totaling $806,495.82. Newstead's position decreased by 5.40%, leaving her with 41,992 shares valued at approximately $14,116,870.56. Insiders have sold 276,984 shares of company stock worth $92,116,025 over the last quarter. Company insiders own 0.06% of the company's stock.
Apple's shares opened at $332.89 on Tuesday. The company's fifty-day moving average is $322.08, and its two-hundred-day moving average is $300.90. Apple has a market cap of $4.86 trillion, a P/E ratio of 38.18, a price-to-earnings-growth ratio of 2.66, and a beta of 1.07. The company has a 12-month low of $243.42 and a 12-month high of $345.34. Apple last issued its earnings results on July 30th, reporting $2.02 EPS for the quarter, beating the consensus estimate of $1.89 by $0.13. The business had revenue of $109.42 billion during the quarter, compared to analysts' expectations of $109.04 billion. Apple's revenue was up 16.4% compared to the same quarter last year.