Regentatlantic Capital LLC Sells 9,059 Shares of Apple Inc. (AAPL)
Regentatlantic Capital LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 211,301 shares of the iPhone maker’s stock after selling 9,059 shares during the period. Apple comprises 1.9% of Regentatlantic Capital LLC’s portfolio, making the stock its 4th largest position. Regentatlantic Capital LLC’s holdings in Apple were worth $20,200,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. NN Investment Partners Holdings N.V. acquired a new stake in Apple during the first quarter worth $325,287,000. Jericho Capital Asset Management L.P. increased its stake in Apple by 182.2% in the first quarter. Jericho Capital Asset Management L.P. now owns 904,000 shares of the iPhone maker’s stock worth $98,527,000 after buying an additional 2,004,000 shares during the period. Virginia Retirement System acquired a new stake in Apple during the first quarter worth $193,992,000. Franklin Resources Inc. increased its stake in Apple by 13.9% in the first quarter. Franklin Resources Inc. now owns 14,170,724 shares of the iPhone maker’s stock worth $1,544,480,000 after buying an additional 1,726,014 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in Apple by 34.8% in the second quarter. BNP Paribas Arbitrage SA now owns 5,887,600 shares of the iPhone maker’s stock worth $562,855,000 after buying an additional 1,521,440 shares during the period. 56.46% of the stock is owned by institutional investors and hedge funds.
Apple Inc. (NASDAQ:AAPL) traded up 0.22% on Tuesday, reaching $116.30. The company had a trading volume of 64,041,043 shares. Apple Inc. has a 1-year low of $89.47 and a 1-year high of $123.82. The stock’s 50 day moving average is $110.55 and its 200-day moving average is $103.27. The stock has a market capitalization of $626.68 billion, a P/E ratio of 13.56 and a beta of 1.22.
Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.04. Apple had a return on equity of 37.89% and a net margin of 21.70%. The company had revenue of $42.36 billion for the quarter, compared to analyst estimates of $42.35 billion. During the same period in the prior year, the company posted $1.85 EPS. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. On average, equities analysts predict that Apple Inc. will post $8.26 EPS for the current fiscal year.
Several equities research analysts have commented on AAPL shares. Vetr raised shares of Apple and set a $100.00 target price for the company in a research note on Thursday, July 14th. Morgan Stanley reaffirmed a “buy” rating on shares of Apple in a research note on Tuesday, June 14th. Drexel Hamilton reaffirmed a “buy” rating on shares of Apple in a research note on Tuesday, June 14th. Bank of America Corp. reaffirmed a “buy” rating and issued a $120.00 target price on shares of Apple in a research note on Tuesday, June 14th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $124.00 target price on shares of Apple in a research note on Tuesday, June 14th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, forty-one have assigned a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $126.13.
In other news, CEO Timothy D. Cook sold 110,000 shares of the stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $106.84, for a total value of $11,752,400.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Timothy D. Cook sold 334,000 shares of the stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $107.23, for a total value of $35,814,820.00. The disclosure for this sale can be found here. 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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