Boyd Watterson Asset Management LLC OH cut its position in shares of Apple Inc. (NASDAQ:AAPL) by 14.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,777 shares of the iPhone maker’s stock after selling 4,175 shares during the period. Apple makes up about 1.8% of Boyd Watterson Asset Management LLC OH’s portfolio, making the stock its 11th largest position. Boyd Watterson Asset Management LLC OH’s holdings in Apple were worth $3,559,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Stewart & Patten Co. LLC increased its stake in Apple by 15.7% in the first quarter. Stewart & Patten Co. LLC now owns 92,416 shares of the iPhone maker’s stock worth $13,276,000 after buying an additional 12,548 shares during the last quarter. Sabal Trust CO increased its stake in Apple by 0.3% in the first quarter. Sabal Trust CO now owns 215,574 shares of the iPhone maker’s stock worth $30,970,000 after buying an additional 575 shares during the last quarter. Round Table Services LLC increased its stake in Apple by 3.6% in the first quarter. Round Table Services LLC now owns 9,587 shares of the iPhone maker’s stock worth $1,377,000 after buying an additional 333 shares during the last quarter. Johanson Financial Advisors Inc. acquired a new stake in Apple during the first quarter worth approximately $7,439,000. Finally, Boys Arnold & Co. Inc. increased its stake in Apple by 4.8% in the first quarter. Boys Arnold & Co. Inc. now owns 106,463 shares of the iPhone maker’s stock worth $15,294,000 after buying an additional 4,886 shares during the last quarter. Institutional investors own 61.21% of the company’s stock.

Shares of Apple Inc. (AAPL) opened at 151.02 on Thursday. The firm’s 50-day moving average is $147.52 and its 200-day moving average is $140.44. The firm has a market cap of $787.39 billion, a P/E ratio of 17.72 and a beta of 1.31. Apple Inc. has a 1-year low of $96.42 and a 1-year high of $156.65.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, May 2nd. The iPhone maker reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.08. Apple had a return on equity of 35.09% and a net margin of 20.74%. The firm had revenue of $52.90 billion for the quarter, compared to analyst estimates of $52.61 billion. On average, analysts anticipate that Apple Inc. will post $8.91 EPS for the current fiscal year.

Apple announced that its board has initiated a stock repurchase program on Tuesday, May 2nd that authorizes the company to buyback $50.00 billion in outstanding shares. This buyback authorization authorizes the iPhone maker to repurchase up to 6.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

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Several research firms have recently weighed in on AAPL. J P Morgan Chase & Co set a $165.00 price target on shares of Apple and gave the company a “buy” rating in a research note on Wednesday. Vetr cut shares of Apple from a “strong-buy” rating to a “buy” rating and set a $165.66 price target for the company. in a research note on Tuesday. Morgan Stanley increased their price target on shares of Apple from $177.00 to $182.00 and gave the company an “overweight” rating in a research note on Monday. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $170.00 price target on shares of Apple in a research note on Wednesday, July 12th. Finally, Mizuho reissued a “buy” rating on shares of Apple in a research note on Wednesday, July 12th. Eleven investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $160.38.

In other Apple news, insider Daniel J. Riccio sold 11,949 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $155.32, for a total value of $1,855,918.68. Following the transaction, the insider now directly owns 13,049 shares of the company’s stock, valued at approximately $2,026,770.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Arthur D. Levinson sold 35,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $153.88, for a total value of $5,385,800.00. Following the completion of the transaction, the director now directly owns 1,168,283 shares in the company, valued at $179,775,388.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 373,000 shares of company stock worth $56,497,046. Insiders own 0.08% of the company’s stock.

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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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