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.
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.
COPYRIGHT VIOLATION WARNING: “Cortland Associates Inc. MO Has $509,000 Holdings in Apple Inc. (AAPL)” was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and international trademark and copyright legislation. The original version of this story can be accessed at https://www.themarketsdaily.com/2018/01/10/cortland-associates-inc-mo-has-509000-holdings-in-apple-inc-aapl.html.
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).
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.