Apple Inc. (AAPL) is Thompson Rubinstein Investment Management Inc. OR’s 3rd Largest Position

Thompson Rubinstein Investment Management Inc. OR reduced its stake in Apple Inc. (NASDAQ:AAPL) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 76,770 shares of the iPhone maker’s stock after selling 1,125 shares during the quarter. Apple accounts for 4.1% of Thompson Rubinstein Investment Management Inc. OR’s investment portfolio, making the stock its 3rd largest position. Thompson Rubinstein Investment Management Inc. OR’s holdings in Apple were worth $11,056,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of AAPL. Canada Pension Plan Investment Board lifted its holdings in shares of Apple by 23.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock worth $1,334,527,000 after acquiring an additional 1,749,797 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Apple in the 1st quarter worth approximately $190,134,000. State of Wisconsin Investment Board lifted its holdings in shares of Apple by 15.5% in the 1st quarter. State of Wisconsin Investment Board now owns 5,578,551 shares of the iPhone maker’s stock worth $801,415,000 after acquiring an additional 749,158 shares during the last quarter. Achmea Investment Management B.V. acquired a new position in shares of Apple in the 1st quarter worth approximately $84,453,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Apple by 2.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 17,637,648 shares of the iPhone maker’s stock worth $2,533,825,000 after acquiring an additional 471,057 shares during the last quarter. Hedge funds and other institutional investors own 60.35% of the company’s stock.

Apple Inc. (AAPL) traded up 0.45% during trading on Tuesday, hitting $159.39. The stock had a trading volume of 10,849,781 shares. The stock has a 50 day moving average of $159.23 and a 200 day moving average of $149.72. Apple Inc. has a one year low of $104.08 and a one year high of $164.94. The firm has a market capitalization of $823.29 billion, a P/E ratio of 18.10 and a beta of 1.27.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.10. The business had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.42 earnings per share. Equities research analysts expect that Apple Inc. will post $9.01 earnings per share for the current fiscal year.

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In other Apple news, insider Daniel J. Riccio sold 11,949 shares of the stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $142.86, for a total value of $1,707,034.14. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Arthur D. Levinson sold 35,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $157.58, for a total value of $5,515,300.00. Following the completion of the transaction, the director now owns 1,168,283 shares in the company, valued at approximately $184,098,035.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 432,930 shares of company stock worth $69,008,577. Corporate insiders own 0.08% of the company’s stock.

Several equities analysts have recently commented on AAPL shares. Oppenheimer Holdings, Inc. restated a “” rating on shares of Apple in a report on Thursday, August 10th. Longbow Research reaffirmed a “buy” rating and set a $162.00 target price on shares of Apple in a research note on Wednesday, May 24th. Keefe, Bruyette & Woods set a $170.00 target price on shares of Apple and gave the stock a “buy” rating in a research note on Monday, May 22nd. Credit Suisse Group reaffirmed a “buy” rating and set a $170.00 target price on shares of Apple in a research note on Tuesday, May 23rd. Finally, Sanford C. Bernstein reaffirmed a “buy” rating and set a $160.00 target price on shares of Apple in a research note on Tuesday, May 23rd. Eleven equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. Apple has a consensus rating of “Buy” and an average target price of $188.11.

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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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