Greenwood Capital Associates LLC Reduces Position in Apple Inc. (AAPL)

Greenwood Capital Associates LLC cut its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,473 shares of the iPhone maker’s stock after selling 2,320 shares during the period. Apple makes up about 2.2% of Greenwood Capital Associates LLC’s portfolio, making the stock its 4th biggest holding. Greenwood Capital Associates LLC owned about 1,093.33% of Apple worth $8,704,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Gemmer Asset Management LLC lifted its stake in shares of Apple by 13.6% in the 2nd quarter. Gemmer Asset Management LLC now owns 8,650 shares of the iPhone maker’s stock valued at $1,246,000 after purchasing an additional 1,034 shares during the last quarter. Mascoma Wealth Management LLC lifted its stake in shares of Apple by 5.2% in the 2nd quarter. Mascoma Wealth Management LLC now owns 11,887 shares of the iPhone maker’s stock valued at $1,712,000 after purchasing an additional 587 shares during the last quarter. Texan Capital Management lifted its stake in shares of Apple by 1.6% in the 2nd quarter. Texan Capital Management now owns 25,591 shares of the iPhone maker’s stock valued at $3,686,000 after purchasing an additional 393 shares during the last quarter. Jacobs & Co. CA lifted its stake in shares of Apple by 2.8% in the 2nd quarter. Jacobs & Co. CA now owns 108,867 shares of the iPhone maker’s stock valued at $15,679,000 after purchasing an additional 2,958 shares during the last quarter. Finally, Buffington Mohr McNeal bought a new stake in shares of Apple in the 2nd quarter valued at approximately $403,000. 60.23% of the stock is owned by institutional investors.

In other news, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $172.35, for a total value of $2,695,726.35. Following the transaction, the insider now directly owns 39,682 shares in the company, valued at approximately $6,839,192.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Johny Srouji sold 5,760 shares of Apple stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total value of $1,004,544.00. Following the completion of the transaction, the senior vice president now owns 81,560 shares in the company, valued at $14,224,064. The disclosure for this sale can be found here. Insiders sold a total of 128,412 shares of company stock worth $22,115,155 over the last quarter. Company insiders own 0.08% of the company’s stock.

Several research firms have recently issued reports on AAPL. Rosenblatt Securities reaffirmed a “hold” rating and issued a $150.00 price objective on shares of Apple in a research note on Sunday, October 15th. Citigroup reaffirmed a “buy” rating and issued a $200.00 price objective (up from $170.00) on shares of Apple in a research note on Friday, November 3rd. They noted that the move was a valuation call. UBS Group set a $190.00 price objective on Apple and gave the company a “buy” rating in a research note on Monday, December 4th. Zacks Investment Research upgraded Apple from a “hold” rating to a “buy” rating and set a $197.00 price target on the stock in a report on Thursday, January 18th. Finally, Pacific Crest upgraded Apple from a “sector weight” rating to an “overweight” rating and set a $187.00 price target on the stock in a report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the stock. Apple presently has an average rating of “Buy” and an average price target of $201.72.

Apple Inc. (AAPL) opened at $156.41 on Friday. The company has a market capitalization of $793,630.00, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 1.18 and a beta of 1.33. Apple Inc. has a fifty-two week low of $132.05 and a fifty-two week high of $180.10. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.82 by $0.07. Apple had a return on equity of 37.37% and a net margin of 21.13%. The business had revenue of $88.29 billion for the quarter, compared to the consensus estimate of $87.62 billion. During the same period last year, the business posted $3.36 EPS. The business’s revenue was up 12.7% compared to the same quarter last year. equities analysts predict that Apple Inc. will post 11.4 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, February 12th will be issued a $0.63 dividend. The ex-dividend date is Friday, February 9th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.61%. Apple’s dividend payout ratio is presently 25.93%.

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Apple 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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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