Private Asset Management Inc. trimmed its holdings in Apple (NASDAQ:AAPL) by 7.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,194 shares of the iPhone maker’s stock after selling 8,553 shares during the period. Apple comprises about 2.8% of Private Asset Management Inc.’s investment portfolio, making the stock its 7th biggest position. Private Asset Management Inc.’s holdings in Apple were worth $17,464,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in AAPL. Blue Sky Asset Management LLC purchased a new position in shares of Apple in the second quarter valued at about $108,000. FNY Managed Accounts LLC lifted its position in shares of Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after acquiring an additional 716 shares in the last quarter. Private Vista LLC purchased a new position in shares of Apple in the second quarter valued at about $122,000. Crow Point Partners LLC lifted its position in shares of Apple by 100.0% in the third quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock valued at $153,000 after acquiring an additional 500 shares in the last quarter. Finally, Reaves W H & Co. Inc. purchased a new position in shares of Apple in the second quarter valued at about $200,000. Institutional investors and hedge funds own 61.33% of the company’s stock.
Several equities analysts have recently commented on AAPL shares. Vetr downgraded Apple from a “buy” rating to a “hold” rating and set a $178.70 price objective on the stock. in a research report on Thursday, November 23rd. Nomura set a $185.00 target price on Apple and gave the stock a “buy” rating in a report on Monday, November 27th. UBS set a $190.00 target price on Apple and gave the stock a “buy” rating in a report on Monday, November 27th. Tigress Financial reaffirmed a “strong-buy” rating on shares of Apple in a report on Wednesday, December 6th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $192.00 target price on shares of Apple in a report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $201.53.
Shares of Apple (AAPL) opened at $175.30 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $903,275.88, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 1.34 and a beta of 1.19. Apple has a twelve month low of $138.62 and a twelve month high of $183.50.
Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.82 by $0.07. The company had revenue of $88.29 billion during the quarter, compared to analyst estimates of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. Apple’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.36 earnings per share. equities analysts forecast that Apple will post 11.43 EPS for the current year.
In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the completion of the sale, the insider now owns 13,739 shares in the company, valued at $2,401,302.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.06% of the stock is owned by corporate insiders.
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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