Boyd Watterson Asset Management LLC OH lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 15.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,005 shares of the iPhone maker’s stock after selling 3,772 shares during the quarter. Apple comprises 1.5% of Boyd Watterson Asset Management LLC OH’s portfolio, making the stock its 13th biggest holding. Boyd Watterson Asset Management LLC OH’s holdings in Apple were worth $3,025,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of AAPL. Portfolio Solutions LLC bought a new stake in Apple during the 1st quarter valued at approximately $169,000. CrestPoint Capital Management LLC raised its stake in Apple by 4.1% during the 1st quarter. CrestPoint Capital Management LLC now owns 33,300 shares of the iPhone maker’s stock valued at $4,784,000 after purchasing an additional 1,300 shares during the period. Foothills Asset Management Ltd. bought a new stake in Apple during the 1st quarter valued at approximately $2,491,000. Ipswich Investment Management Co. Inc. raised its stake in Apple by 0.9% during the 1st quarter. Ipswich Investment Management Co. Inc. now owns 55,212 shares of the iPhone maker’s stock valued at $7,932,000 after purchasing an additional 485 shares during the period. Finally, Stonehearth Capital Management LLC raised its stake in Apple by 0.8% during the 1st quarter. Stonehearth Capital Management LLC now owns 2,378 shares of the iPhone maker’s stock valued at $342,000 after purchasing an additional 20 shares during the period. 60.33% of the stock is currently owned by institutional investors.
Several equities analysts have weighed in on the company. Barclays PLC restated a “hold” rating and set a $146.00 price target on shares of Apple in a report on Monday, September 4th. Piper Jaffray Companies restated an “overweight” rating and set a $190.00 price target on shares of Apple in a report on Tuesday, September 5th. Robert W. Baird restated a “buy” rating and set a $172.00 price target on shares of Apple in a report on Tuesday, September 5th. Royal Bank Of Canada raised their price target on Apple from $176.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, September 1st. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $175.00 price target on shares of Apple in a report on Wednesday, September 6th. Seven investment analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the stock. Apple presently has a consensus rating of “Buy” and a consensus target price of $190.67.
In other Apple news, insider Philip W. Schiller sold 56,808 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total value of $8,788,197.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela J. Ahrendts sold 63,388 shares of the stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 541,177 shares of company stock valued at $85,864,804. Insiders own 0.08% of the company’s stock.
Shares of Apple Inc. (AAPL) traded down 2.48% on Thursday, reaching $155.79. The company’s stock had a trading volume of 15,097,868 shares. The stock has a market capitalization of $804.69 billion, a PE ratio of 17.69 and a beta of 1.27. Apple Inc. has a 1-year low of $104.08 and a 1-year high of $164.94. The stock has a 50-day moving average of $157.52 and a 200 day moving average of $151.98.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The business had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. During the same quarter in the prior year, the firm earned $1.42 EPS. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts forecast that Apple Inc. will post $9.01 EPS for the current 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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