Institutional investors adjusted their Apple holdings in Q1, with some increases and one reduction, as Apple reported earnings exceeding expectations.
Institutional investors have made changes to their positions in Apple during Q1, with some increasing their holdings such as First City Capital Management Inc. by 2.1% and Atria Investments Inc. by 2.9%. Meanwhile, Beck Bode LLC trimmed its stock holdings in Apple by 63.9%. Apple reported $1.40 EPS and revenue of $85.78 billion for the last quarter, exceeding analyst expectations. The company has a market cap of $3.44 trillion and a P/E ratio of 34.92. Apple's Board of Directors initiated a share buyback plan in May, authorizing the company to repurchase up to $110 billion in shares.
August 24, 2024
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