Apple Inc. (AAPL) Shares Sold by Waverton Investment Management Ltd
Waverton Investment Management Ltd lowered its position in Apple Inc. (NASDAQ:AAPL) by 8.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 762,438 shares of the iPhone maker’s stock after selling 70,751 shares during the quarter. Apple makes up approximately 7.1% of Waverton Investment Management Ltd’s portfolio, making the stock its biggest position. Waverton Investment Management Ltd’s holdings in Apple were worth $109,806,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of AAPL. Canada Pension Plan Investment Board boosted its stake in Apple by 23.2% in the first quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock worth $1,334,527,000 after buying an additional 1,749,797 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in Apple in the first quarter worth approximately $190,134,000. State of Wisconsin Investment Board boosted its stake in Apple by 15.5% in the first quarter. State of Wisconsin Investment Board now owns 5,578,551 shares of the iPhone maker’s stock worth $801,415,000 after buying an additional 749,158 shares in the last quarter. Achmea Investment Management B.V. purchased a new stake in Apple in the first quarter worth approximately $84,453,000. Finally, Schwab Charles Investment Management Inc. lifted its position in Apple by 2.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 17,637,648 shares of the iPhone maker’s stock valued at $2,533,825,000 after purchasing an additional 471,057 shares during the last quarter. 60.35% of the stock is owned by institutional investors and hedge funds.
Shares of Apple Inc. (NASDAQ:AAPL) traded down 0.7391% during trading on Thursday, hitting $153.0901. The company’s stock had a trading volume of 12,249,351 shares. Apple Inc. has a one year low of $104.08 and a one year high of $164.94. The stock has a market cap of $790.75 billion, a PE ratio of 17.3808 and a beta of 1.27. The company has a 50-day moving average price of $159.51 and a 200-day moving average price of $149.86.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.10. Apple had a return on equity of 35.40% and a net margin of 20.87%. The company had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. During the same quarter in the previous year, the company earned $1.42 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts predict that Apple Inc. will post $9.01 EPS for the current fiscal year.
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In other news, insider Daniel J. Riccio sold 11,949 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $142.86, for a total transaction of $1,707,034.14. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Arthur D. Levinson sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $157.58, for a total value of $5,515,300.00. Following the sale, the director now directly owns 1,168,283 shares in the company, valued at approximately $184,098,035.14. The disclosure for this sale can be found here. Insiders have sold a total of 432,930 shares of company stock worth $69,008,577 in the last three months. Corporate insiders own 0.08% of the company’s stock.
Several analysts have weighed in on the company. Mizuho reiterated a “neutral” rating and issued a $150.00 price objective on shares of Apple in a research report on Wednesday. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $180.00 price objective (up previously from $170.00) on shares of Apple in a research report on Tuesday. Drexel Hamilton reiterated a “buy” rating and issued a $208.00 price objective on shares of Apple in a research report on Monday. Bank of America Corporation reiterated a “buy” rating and issued a $180.00 price objective on shares of Apple in a research report on Tuesday. Finally, Sanford C. Bernstein reiterated a “buy” rating and issued a $175.00 price objective on shares of Apple in a research report on Tuesday. Ten investment analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $188.96.
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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