Lodestar Investment Counsel LLC IL Sells 290 Shares of Apple Inc. (NASDAQ:AAPL)
Lodestar Investment Counsel LLC IL decreased its position in Apple Inc. (NASDAQ:AAPL) by 0.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 180,713 shares of the iPhone maker’s stock after selling 290 shares during the period. Apple accounts for 3.4% of Lodestar Investment Counsel LLC IL’s holdings, making the stock its 4th largest position. Lodestar Investment Counsel LLC IL’s holdings in Apple were worth $25,961,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Glacier Peak Capital LLC purchased a new stake in shares of Apple during the fourth quarter worth about $127,000. Welch Investments LLC purchased a new stake in shares of Apple during the fourth quarter worth about $146,000. Odey Holdings AG raised its stake in shares of Apple by 27.3% in the fourth quarter. Odey Holdings AG now owns 1,273 shares of the iPhone maker’s stock worth $147,000 after buying an additional 273 shares during the period. Portfolio Solutions LLC purchased a new stake in shares of Apple during the first quarter worth about $169,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Apple during the first quarter worth about $201,000. 61.22% of the stock is owned by institutional investors and hedge funds.
Apple Inc. (AAPL) opened at 149.04 on Friday. The stock has a 50 day moving average of $150.30 and a 200 day moving average of $137.42. Apple Inc. has a 52 week low of $94.37 and a 52 week high of $156.65. The company has a market cap of $777.07 billion, a price-to-earnings ratio of 17.48 and a beta of 1.31.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.08. The company had revenue of $52.90 billion for the quarter, compared to analysts’ expectations of $52.61 billion. Apple had a return on equity of 35.09% and a net margin of 20.74%. Equities research analysts predict that Apple Inc. will post $8.92 earnings per share for the current fiscal year.
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A number of analysts recently issued reports on the stock. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $170.00 target price on shares of Apple in a research report on Wednesday. Mizuho restated a “buy” rating on shares of Apple in a research report on Wednesday. Bank of America Corporation restated a “buy” rating and set a $180.00 target price on shares of Apple in a research report on Wednesday. Deutsche Bank AG restated a “hold” rating on shares of Apple in a research report on Wednesday. Finally, KeyCorp restated a “hold” rating on shares of Apple in a research report on Monday, July 10th. Eleven investment analysts have rated the stock with a hold rating, forty-one have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $160.29.
In other news, insider Luca Maestri sold 6,308 shares of the business’s stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $141.83, for a total transaction of $894,663.64. Following the sale, the insider now directly owns 2,665 shares in the company, valued at $377,976.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Johny Srouji sold 10,000 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $153.20, for a total value of $1,532,000.00. Following the sale, the senior vice president now owns 96,738 shares in the company, valued at $14,820,261.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 379,308 shares of company stock worth $57,391,709. Company insiders own 0.08% of the company’s stock.
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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