Neville Rodie & Shaw Inc. cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 8.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 275,673 shares of the iPhone maker’s stock after selling 24,360 shares during the quarter. Apple accounts for 4.5% of Neville Rodie & Shaw Inc.’s portfolio, making the stock its 2nd largest holding. Neville Rodie & Shaw Inc.’s holdings in Apple were worth $39,703,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hefty Wealth Partners boosted its stake in shares of Apple by 27.6% during the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 174 shares in the last quarter. American Beacon Advisors Inc. bought a new stake in shares of Apple during the 1st quarter worth $117,000. Portfolio Solutions LLC bought a new stake in shares of Apple during the 1st quarter worth $169,000. Fox Run Management L.L.C. bought a new stake in shares of Apple during the 1st quarter worth $201,000. Finally, Stone House Investment Management LLC bought a new stake in shares of Apple during the 1st quarter worth $225,000. 60.35% of the stock is owned by institutional investors and hedge funds.
In other Apple news, insider Daniel J. Riccio sold 11,949 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $142.86, for a total value of $1,707,034.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy D. Cook sold 268,623 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $160.63, for a total transaction of $43,148,912.49. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 432,930 shares of company stock valued at $69,008,577. 0.08% of the stock is owned by corporate insiders.
Several equities research analysts have recently weighed in on the company. UBS AG reissued a “buy” rating and set a $170.00 price objective on shares of Apple in a research note on Wednesday, May 31st. Canaccord Genuity reissued a “buy” rating and set a $180.00 price objective on shares of Apple in a research note on Wednesday, September 13th. Royal Bank Of Canada reissued an “outperform” rating and set a $160.08 price objective (down from $176.00) on shares of Apple in a research note on Wednesday, August 9th. Loop Capital reissued a “buy” rating and set a $180.00 price objective on shares of Apple in a research note on Saturday. Finally, Mizuho reissued a “hold” rating and set a $150.00 price objective on shares of Apple in a research note on Monday. Ten analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $188.11.
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Apple Inc. (AAPL) traded down 2.1419% during mid-day trading on Wednesday, hitting $155.3301. 30,821,270 shares of the company traded hands. The firm has a 50 day moving average of $159.51 and a 200 day moving average of $149.86. 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 $802.32 billion, a P/E ratio of 17.6351 and a beta of 1.27.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, beating the consensus estimate of $1.57 by $0.10. The company had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. Apple’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous 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.
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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