Apple Inc. (AAPL) Stake Lowered by Kistler Tiffany Companies LLC

Kistler Tiffany Companies LLC reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 6.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 30,895 shares of the iPhone maker’s stock after selling 2,212 shares during the quarter. Apple comprises approximately 2.5% of Kistler Tiffany Companies LLC’s holdings, making the stock its 7th largest holding. Kistler Tiffany Companies LLC’s holdings in Apple were worth $5,719,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Summit Trail Advisors LLC boosted its position in shares of Apple by 17,669.4% during the 1st quarter. Summit Trail Advisors LLC now owns 20,180,694 shares of the iPhone maker’s stock valued at $20,181,000 after acquiring an additional 20,067,124 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Apple by 1.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 19,610,272 shares of the iPhone maker’s stock valued at $3,290,212,000 after acquiring an additional 347,970 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Apple by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 16,158,094 shares of the iPhone maker’s stock valued at $2,711,005,000 after acquiring an additional 55,050 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Apple by 0.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 15,977,515 shares of the iPhone maker’s stock valued at $2,680,707,000 after acquiring an additional 136,478 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Apple by 0.4% during the 1st quarter. American Century Companies Inc. now owns 14,064,371 shares of the iPhone maker’s stock valued at $2,359,720,000 after acquiring an additional 60,860 shares during the last quarter. Hedge funds and other institutional investors own 58.58% of the company’s stock.

A number of research analysts have recently commented on the company. Wells Fargo & Co set a $210.00 target price on Apple and gave the company a “neutral” rating in a research report on Monday, October 1st. Oppenheimer restated a “neutral” rating on shares of Apple in a research report on Monday, October 1st. Morgan Stanley restated a “buy” rating and issued a $245.00 price target (up from $232.00) on shares of Apple in a research report on Wednesday, September 5th. DA Davidson restated a “buy” rating and issued a $265.00 price target (up from $230.00) on shares of Apple in a research report on Wednesday, September 5th. Finally, DZ Bank restated a “buy” rating on shares of Apple in a research report on Monday, September 3rd. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirty have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $221.63.

NASDAQ:AAPL opened at $223.77 on Tuesday. Apple Inc. has a twelve month low of $150.24 and a twelve month high of $233.47. The firm has a market cap of $1,109.54 billion, a PE ratio of 24.30, a price-to-earnings-growth ratio of 1.99 and a beta of 1.36. The company has a quick ratio of 1.24, a current ratio of 1.31 and a debt-to-equity ratio of 0.84.

Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, July 31st. The iPhone maker reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.16. Apple had a return on equity of 43.50% and a net margin of 21.98%. The business had revenue of $53.27 billion during the quarter, compared to the consensus estimate of $52.43 billion. During the same period last year, the company earned $1.67 earnings per share. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Apple Inc. will post 11.76 earnings per share for the current year.

In other news, SVP Angela J. Ahrendts sold 14,194 shares of the firm’s stock in a transaction on Friday, October 5th. The stock was sold at an average price of $227.96, for a total transaction of $3,235,664.24. Following the transaction, the senior vice president now owns 105,538 shares in the company, valued at $24,058,442.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Johny Srouji sold 14,140 shares of the firm’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $214.98, for a total value of $3,039,817.20. Following the transaction, the insider now owns 68,302 shares in the company, valued at approximately $14,683,563.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 564,185 shares of company stock valued at $124,444,213. Corporate insiders own 0.06% of the company’s stock.

About Apple

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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