Hays Advisory LLC Sells 3,956 Shares of Apple Inc. (AAPL)
Hays Advisory LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 10.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,150 shares of the iPhone maker’s stock after selling 3,956 shares during the period. Apple comprises approximately 1.2% of Hays Advisory LLC’s investment portfolio, making the stock its 18th biggest holding. Hays Advisory LLC’s holdings in Apple were worth $5,062,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Hefty Wealth Partners boosted its holdings in shares of Apple by 27.6% in the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 174 shares in the last quarter. American Beacon Advisors Inc. purchased a new position in shares of Apple in the 1st quarter worth approximately $117,000. Portfolio Solutions LLC bought a new position in shares of Apple during the 1st quarter worth approximately $169,000. Fox Run Management L.L.C. bought a new position in shares of Apple during the 1st quarter worth approximately $201,000. Finally, Beacon Capital Management Inc. raised its stake in shares of Apple by 40.1% during the 2nd quarter. Beacon Capital Management Inc. now owns 1,443 shares of the iPhone maker’s stock worth $208,000 after acquiring an additional 413 shares in the last quarter. 60.36% of the stock is owned by institutional investors.
AAPL has been the subject of several recent analyst reports. Vetr upgraded shares of Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 target price for the company in a research note on Friday, September 22nd. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $170.00 price target on shares of Apple in a report on Wednesday, June 21st. Nomura reaffirmed a “buy” rating and set a $165.00 price target on shares of Apple in a research report on Wednesday, July 5th. Maxim Group upped their price target on Apple from $171.00 to $180.00 and gave the stock a “buy” rating in a research report on Monday, June 19th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $180.00 price objective on shares of Apple in a report on Tuesday, September 26th. Ten research analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $188.96.
In related news, CEO Timothy D. Cook sold 268,623 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $160.63, for a total value of $43,148,912.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 completion of the sale, the director now owns 1,168,283 shares of the company’s stock, valued at $184,098,035.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 432,930 shares of company stock valued at $69,008,577. 0.08% of the stock is owned by company insiders.
Apple Inc. (AAPL) traded up 0.54% during mid-day trading on Tuesday, hitting $154.64. 9,791,677 shares of the stock were exchanged. The stock has a market cap of $798.75 billion, a price-to-earnings ratio of 17.56 and a beta of 1.27. Apple Inc. has a 52 week low of $104.08 and a 52 week high of $164.94. The company has a 50 day moving average price of $158.62 and a 200 day moving average price of $150.77.
Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.10. The company had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. Apple’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.42 EPS. Analysts expect that Apple Inc. will post $9.00 EPS for the current fiscal year.
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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