Cortland Associates Inc. MO Has $509,000 Holdings in Apple Inc. (AAPL)

Cortland Associates Inc. MO trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 22.7% in the third quarter, HoldingsChannel.com reports. The firm owned 3,305 shares of the iPhone maker’s stock after selling 968 shares during the period. Apple makes up 0.1% of Cortland Associates Inc. MO’s investment portfolio, making the stock its 27th largest position. Cortland Associates Inc. MO’s holdings in Apple were worth $509,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Blue Sky Asset Management LLC acquired a new stake in shares of Apple in the 2nd quarter worth approximately $108,000. Hefty Wealth Partners lifted its stake in shares of Apple by 27.6% in the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after acquiring an additional 174 shares during the period. FNY Managed Accounts LLC lifted its stake in Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 716 shares during the last quarter. Private Vista LLC acquired a new stake in Apple during the second quarter valued at approximately $122,000. Finally, Armbruster Capital Management Inc. lifted its stake in Apple by 9.4% during the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after purchasing an additional 78 shares during the last quarter. 60.17% of the stock is owned by hedge funds and other institutional investors.

In other Apple news, SVP Johny Srouji sold 5,760 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total value of $1,004,544.00. Following the transaction, the senior vice president now owns 81,560 shares in the company, valued at approximately $14,224,064. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Eduardo H. Cue sold 65,361 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $171.60, for a total transaction of $11,215,947.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,412 shares of company stock worth $22,115,155. Company insiders own 0.06% of the company’s stock.

AAPL has been the subject of several recent research reports. Morgan Stanley reissued an “overweight” rating and set a $194.00 target price (up from $182.00) on shares of Apple in a research note on Tuesday, September 12th. Barclays set a $146.00 target price on shares of Apple and gave the company a “neutral” rating in a research note on Wednesday, September 13th. Mizuho set a $160.00 target price 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 target price for the company. in a research note on Friday, December 1st. Finally, UBS Group set a $190.00 target price on shares of Apple and gave the company a “buy” rating in a research note on Friday, January 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. Apple currently has a consensus rating of “Buy” and a consensus target price of $198.70.

Apple Inc. (AAPL) opened at $174.33 on Wednesday. The firm has a market cap of $895,060.00, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 1.43 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. Apple Inc. has a 12 month low of $118.21 and a 12 month high of $177.20.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.20. The firm had revenue of $52.58 billion for the quarter, compared to analyst estimates of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.50 EPS. equities research analysts expect that Apple Inc. will post 11.18 earnings per share for the current year.

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Apple 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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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