FundX Investment Group LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 53.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,303 shares of the iPhone maker’s stock after selling 2,660 shares during the quarter. Apple makes up approximately 0.2% of FundX Investment Group LLC’s investment portfolio, making the stock its 29th largest position. FundX Investment Group LLC’s holdings in Apple were worth $426,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Ferguson Wellman Capital Management Inc. lifted its stake in Apple by 18.5% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 438,663 shares of the iPhone maker’s stock worth $81,201,000 after acquiring an additional 68,367 shares in the last quarter. Modera Wealth Management LLC raised its position in Apple by 14.3% in the 2nd quarter. Modera Wealth Management LLC now owns 19,278 shares of the iPhone maker’s stock valued at $3,569,000 after purchasing an additional 2,406 shares in the last quarter. Sawtooth Solutions LLC raised its position in Apple by 39.9% in the 2nd quarter. Sawtooth Solutions LLC now owns 22,992 shares of the iPhone maker’s stock valued at $4,256,000 after purchasing an additional 6,557 shares in the last quarter. Aviance Capital Partners LLC raised its position in Apple by 5.5% in the 2nd quarter. Aviance Capital Partners LLC now owns 170,071 shares of the iPhone maker’s stock valued at $31,481,000 after purchasing an additional 8,885 shares in the last quarter. Finally, Tibra Equities Europe Ltd acquired a new stake in Apple in the 2nd quarter valued at about $55,589,000. Institutional investors own 57.14% of the company’s stock.

In other Apple news, insider Chris Kondo sold 3,408 shares of the stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $190.00, for a total transaction of $647,520.00. Following the completion of the sale, the insider now directly owns 8,940 shares of the company’s stock, valued at approximately $1,698,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Angela J. Ahrendts sold 14,194 shares of the stock in a transaction that occurred on Friday, October 5th. The stock was sold at an average price of $227.96, for a total value of $3,235,664.24. Following the sale, the senior vice president now directly owns 105,538 shares of the company’s stock, valued at $24,058,442.48. The disclosure for this sale can be found here. Insiders have sold a total of 204,845 shares of company stock worth $47,015,677 in the last 90 days. 0.08% of the stock is currently owned by company insiders.

NASDAQ:AAPL opened at $174.72 on Friday. The company has a market cap of $868.46 billion, a P/E ratio of 14.67, a PEG ratio of 1.27 and a beta of 1.20. The company has a current ratio of 1.12, a quick ratio of 1.09 and a debt-to-equity ratio of 0.87. Apple Inc. has a 52-week low of $150.24 and a 52-week high of $233.47.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, November 1st. The iPhone maker reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The firm had revenue of $62.90 billion for the quarter, compared to the consensus estimate of $61.55 billion. Apple had a return on equity of 48.68% and a net margin of 22.41%. The firm’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.07 EPS. On average, research analysts expect that Apple Inc. will post 13.32 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Monday, November 12th were paid a dividend of $0.73 per share. The ex-dividend date was Thursday, November 8th. This represents a $2.92 dividend on an annualized basis and a yield of 1.67%. Apple’s dividend payout ratio is presently 24.52%.

AAPL has been the topic of a number of analyst reports. Tigress Financial reaffirmed a “buy” rating on shares of Apple in a research report on Thursday, August 30th. Robert W. Baird set a $230.00 price target on Apple and gave the company a “buy” rating in a research report on Tuesday, September 4th. New Street Research reaffirmed a “sell” rating on shares of Apple in a research report on Tuesday, September 18th. Needham & Company LLC increased their price target on Apple from $220.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, September 13th. Finally, Citigroup reduced their price target on Apple from $265.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Four investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and twenty-four have given a buy rating to the company’s stock. Apple has a consensus rating of “Hold” and a consensus price target of $219.67.

ILLEGAL ACTIVITY WARNING: This piece of content was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of US & international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2018/12/07/fundx-investment-group-llc-has-426000-holdings-in-apple-inc-aapl.html.

Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

Recommended Story: Outstanding Shares

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.