Apple Inc. (AAPL) Shares Sold by Page Arthur B

Page Arthur B lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,135 shares of the iPhone maker’s stock after selling 460 shares during the period. Apple comprises 4.0% of Page Arthur B’s portfolio, making the stock its 3rd largest holding. Page Arthur B’s holdings in Apple were worth $4,491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AAPL. Private Asset Management Inc. lifted its holdings in shares of Apple by 3.1% in the second quarter. Private Asset Management Inc. now owns 111,271 shares of the iPhone maker’s stock valued at $16,025,000 after purchasing an additional 3,333 shares in the last quarter. Hefty Wealth Partners lifted its holdings in shares of Apple by 27.6% in the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 174 shares in the last quarter. First PREMIER Bank lifted its holdings in shares of Apple by 3.5% in the second quarter. First PREMIER Bank now owns 18,481 shares of the iPhone maker’s stock valued at $2,662,000 after purchasing an additional 626 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its holdings in shares of Apple by 18.1% in the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 32,221 shares of the iPhone maker’s stock valued at $4,640,000 after purchasing an additional 4,947 shares in the last quarter. Finally, Pioneer Trust Bank N A OR lifted its holdings in shares of Apple by 1.1% in the second quarter. Pioneer Trust Bank N A OR now owns 54,959 shares of the iPhone maker’s stock valued at $7,915,000 after purchasing an additional 580 shares in the last quarter. 60.17% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Eduardo H. Cue sold 65,361 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $171.60, for a total value of $11,215,947.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $172.35, for a total transaction of $2,695,726.35. Following the completion of the sale, the insider now directly owns 39,682 shares of the company’s stock, valued at approximately $6,839,192.70. The disclosure for this sale can be found here. Insiders sold 128,412 shares of company stock valued at $22,115,155 in the last three months. Company insiders own 0.06% of the company’s stock.

Several brokerages have issued reports on AAPL. Nomura set a $175.00 price target on shares of Apple and gave the company a “neutral” rating in a report on Tuesday, December 19th. Instinet downgraded shares of Apple from a “buy” rating to a “neutral” rating and set a $175.00 price target on the stock. in a report on Tuesday, December 19th. Maxim Group upped their price target on shares of Apple from $193.00 to $204.00 and gave the company a “buy” rating in a report on Friday. Loop Capital reaffirmed a “buy” rating and issued a $200.00 price target on shares of Apple in a report on Friday, December 22nd. Finally, UBS Group set a $190.00 price target on shares of Apple and gave the company a “buy” rating in a report on Monday, November 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. Apple has a consensus rating of “Buy” and a consensus price target of $198.94.

Apple Inc. (NASDAQ AAPL) opened at $177.09 on Friday. Apple Inc. has a 52-week low of $118.22 and a 52-week high of $177.36. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. The company has a market cap of $909,240.00, a P/E ratio of 19.27, a P/E/G ratio of 1.43 and a beta of 1.23.

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

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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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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