Physicians Financial Services Inc. reduced its stake in Apple Inc. (NASDAQ:AAPL) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,345 shares of the iPhone maker’s stock after selling 2,637 shares during the quarter. Apple comprises approximately 5.4% of Physicians Financial Services Inc.’s portfolio, making the stock its biggest holding. Physicians Financial Services Inc.’s holdings in Apple were worth $6,387,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of AAPL. Saratoga Research & Investment Management lifted its position in Apple by 0.6% during the first quarter. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker’s stock worth $95,840,000 after buying an additional 4,137 shares during the period. Green Square Capital LLC lifted its position in Apple by 6.7% during the first quarter. Green Square Capital LLC now owns 87,456 shares of the iPhone maker’s stock worth $12,564,000 after buying an additional 5,491 shares during the period. Headinvest LLC lifted its position in Apple by 2.5% during the second quarter. Headinvest LLC now owns 16,295 shares of the iPhone maker’s stock worth $2,347,000 after buying an additional 390 shares during the period. YHB Investment Advisors Inc. lifted its position in Apple by 7.6% during the second quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock worth $19,614,000 after buying an additional 9,663 shares during the period. Finally, Lederer & Associates Investment Counsel CA lifted its position in Apple by 2.1% during the second quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock worth $5,377,000 after buying an additional 779 shares during the period. Institutional investors and hedge funds own 60.38% of the company’s stock.

In other Apple news, insider Johny Srouji sold 5,892 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $161.00, for a total transaction of $948,612.00. Following the completion of the sale, the insider now owns 70,358 shares in the company, valued at approximately $11,327,638. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 268,623 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $160.63, for a total transaction of $43,148,912.49. The disclosure for this sale can be found here. Insiders have sold a total of 410,352 shares of company stock valued at $65,356,512 in the last quarter. Corporate insiders own 0.08% of the company’s stock.

Several equities analysts recently weighed in on AAPL shares. UBS AG reiterated a “buy” rating and set a $170.00 target price on shares of Apple in a research report on Monday, July 31st. Wells Fargo & Company reiterated a “market perform” rating and set a $140.00 target price on shares of Apple in a research report on Saturday, July 22nd. KeyCorp reiterated an “equal weight” rating on shares of Apple in a research report on Friday, August 4th. Barclays PLC reiterated a “hold” rating and set a $146.00 target price on shares of Apple in a research report on Monday, September 4th. Finally, Royal Bank Of Canada increased their target price on Apple from $176.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, September 1st. Seven research analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $200.24.

Shares of Apple Inc. (NASDAQ:AAPL) opened at $171.10 on Friday. The company has a market cap of $868,109.50, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 1.35 and a beta of 1.23. Apple Inc. has a 1 year low of $108.25 and a 1 year high of $176.24. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the consensus estimate of $1.87 by $0.20. The company had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS. equities research analysts forecast that Apple Inc. will post 11.18 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend was Friday, November 10th. Apple’s payout ratio is 27.39%.

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About Apple

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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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