Youngs Advisory Group Inc. Decreases Stake in Apple Inc. (AAPL)

Youngs Advisory Group Inc. decreased its stake in Apple Inc. (NASDAQ:AAPL) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,790 shares of the iPhone maker’s stock after selling 210 shares during the period. Apple makes up about 1.2% of Youngs Advisory Group Inc.’s holdings, making the stock its 21st largest position. Youngs Advisory Group Inc.’s holdings in Apple were worth $1,550,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AAPL. Glacier Peak Capital LLC purchased a new position in Apple during the fourth quarter valued at $127,000. Portfolio Solutions LLC purchased a new position in Apple during the first quarter valued at $169,000. Odey Holdings AG increased its position in Apple by 27.3% in the fourth quarter. Odey Holdings AG now owns 1,273 shares of the iPhone maker’s stock valued at $147,000 after buying an additional 273 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Apple during the first quarter valued at $201,000. Finally, Salem Capital Management Inc. purchased a new position in Apple during the first quarter valued at $226,000. Institutional investors own 61.21% of the company’s stock.

Apple Inc. (NASDAQ:AAPL) opened at 150.27 on Friday. Apple Inc. has a 52 week low of $96.42 and a 52 week high of $156.65. The stock has a market cap of $783.48 billion, a price-to-earnings ratio of 17.63 and a beta of 1.31. The company has a 50 day moving average price of $147.46 and a 200 day moving average price of $140.51.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, May 2nd. The iPhone maker reported $2.10 EPS for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.08. The firm had revenue of $52.90 billion during the quarter, compared to the consensus estimate of $52.61 billion. Apple had a net margin of 20.74% and a return on equity of 35.09%. Analysts expect that Apple Inc. will post $8.91 EPS for the current fiscal year.

Apple announced that its Board of Directors has approved a share buyback plan on Tuesday, May 2nd that permits the company to repurchase $50.00 billion in shares. This repurchase authorization permits the iPhone maker to reacquire up to 6.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Several research firms have recently weighed in on AAPL. UBS AG set a $151.00 price target on Apple and gave the stock a “buy” rating in a research note on Tuesday, April 4th. Deutsche Bank AG reiterated a “hold” rating on shares of Apple in a research note on Wednesday, July 12th. Eleven investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $160.38.

In related news, insider Daniel J. Riccio sold 11,949 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $155.32, for a total value of $1,855,918.68. Following the completion of the sale, the insider now owns 13,049 shares in the company, valued at $2,026,770.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Luca Maestri sold 4,757 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $154.70, for a total transaction of $735,907.90. Following the completion of the sale, the insider now owns 3,414 shares of the company’s stock, valued at approximately $528,145.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 373,000 shares of company stock valued at $56,497,046. 0.08% of the stock is owned by insiders.

Apple Company Profile

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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