Lakeview Capital Partners LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 9.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,442 shares of the iPhone maker’s stock after selling 3,055 shares during the period. Apple accounts for 3.5% of Lakeview Capital Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. Lakeview Capital Partners LLC’s holdings in Apple were worth $4,384,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Stone House Investment Management LLC lifted its stake in shares of Apple by 0.4% in the 2nd quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock valued at $226,000 after purchasing an additional 6 shares during the last quarter. Jackson Grant Investment Advisers Inc. lifted its stake in shares of Apple by 0.3% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock valued at $782,000 after purchasing an additional 17 shares during the last quarter. Lenox Wealth Advisors Inc. lifted its stake in shares of Apple by 0.4% in the 2nd quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock valued at $716,000 after purchasing an additional 20 shares during the last quarter. Karp Capital Management Corp lifted its stake in shares of Apple by 1.6% in the 2nd quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock valued at $206,000 after purchasing an additional 22 shares during the last quarter. Finally, Welch Investments LLC lifted its stake in shares of Apple by 1.5% in the 2nd quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock valued at $231,000 after purchasing an additional 23 shares during the last quarter. Institutional investors and hedge funds own 60.19% of the company’s stock.

Shares of Apple Inc. (NASDAQ AAPL) opened at $179.26 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. The company has a market cap of $920,380.00, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.46 and a beta of 1.23. Apple Inc. has a 12 month low of $119.37 and a 12 month high of $180.10.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Apple’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.50 EPS. equities research analysts expect that Apple Inc. will post 11.18 EPS for the current year.

Several equities research analysts recently issued reports on AAPL shares. Mizuho set a $160.00 price objective on shares of Apple and gave the company a “hold” rating in a research note on Wednesday, October 18th. Vetr lowered shares of Apple from a “buy” rating to a “hold” rating and set a $178.34 price objective for the company. in a research note on Friday, December 1st. UBS Group set a $190.00 target price on shares of Apple and gave the stock a “buy” rating in a research report on Friday, January 5th. Needham & Company LLC boosted their target price on shares of Apple from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, Instinet lowered shares of Apple from a “buy” rating to a “neutral” rating and set a $175.00 target price for the company. in a research report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, thirty-nine have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $200.25.

In other news, SVP Johny Srouji sold 5,760 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the completion of the sale, the senior vice president now owns 81,560 shares in the company, valued at approximately $14,224,064. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the sale, the insider now owns 13,739 shares of the company’s stock, valued at approximately $2,401,302.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 128,412 shares of company stock valued at $22,115,155. 0.08% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Lakeview Capital Partners LLC Sells 3,055 Shares of Apple Inc. (AAPL)” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this news story can be read at https://www.thecerbatgem.com/2018/01/19/lakeview-capital-partners-llc-sells-3055-shares-of-apple-inc-aapl.html.

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.

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.