Apple Inc. (AAPL) Holdings Reduced by Courier Capital LLC

Courier Capital LLC trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,873 shares of the iPhone maker’s stock after selling 3,053 shares during the quarter. Apple comprises approximately 3.5% of Courier Capital LLC’s investment portfolio, making the stock its 4th biggest position. Courier Capital LLC’s holdings in Apple were worth $27,187,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in AAPL. B. Riley Financial Inc. increased its stake in shares of Apple by 27.6% in the first quarter. B. Riley Financial Inc. now owns 17,412 shares of the iPhone maker’s stock valued at $2,921,000 after buying an additional 3,770 shares during the period. Roof Advisory Group Inc. increased its stake in shares of Apple by 44.0% in the first quarter. Roof Advisory Group Inc. now owns 42,322 shares of the iPhone maker’s stock valued at $7,101,000 after buying an additional 12,930 shares during the period. Mizuho Securities USA LLC acquired a new position in shares of Apple in the first quarter valued at approximately $1,477,000. Viridian Ria LLC acquired a new position in shares of Apple in the first quarter valued at approximately $525,000. Finally, Turim 21 Investimentos Ltda. increased its stake in shares of Apple by 5.1% in the first quarter. Turim 21 Investimentos Ltda. now owns 59,421 shares of the iPhone maker’s stock valued at $9,970,000 after buying an additional 2,906 shares during the period. 58.61% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Arthur D. Levinson sold 20,000 shares of the stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $206.58, for a total value of $4,131,600.00. Following the transaction, the director now directly owns 1,153,283 shares in the company, valued at approximately $238,245,202.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Timothy D. Cook sold 265,160 shares of the stock in a transaction on Monday, August 27th. The stock was sold at an average price of $217.79, for a total value of $57,749,196.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 564,185 shares of company stock worth $124,444,213. 0.08% of the stock is owned by company insiders.

Apple stock opened at $219.31 on Friday. The company has a market cap of $1,087.18 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 1.70 and a beta of 1.36. Apple Inc. has a 52-week low of $150.24 and a 52-week high of $233.47. The company has a current ratio of 1.31, a quick ratio of 1.24 and a debt-to-equity ratio of 0.84.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, July 31st. The iPhone maker reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.16. Apple had a return on equity of 43.50% and a net margin of 21.98%. The company had revenue of $53.27 billion for the quarter, compared to analysts’ expectations of $52.43 billion. During the same period last year, the business earned $1.67 EPS. Apple’s quarterly revenue was up 17.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Apple Inc. will post 11.76 EPS for the current year.

Several research firms have recently issued reports on AAPL. Atlantic Securities reaffirmed a “neutral” rating and issued a $205.00 price objective on shares of Apple in a research note on Wednesday, August 1st. BMO Capital Markets upped their price objective on Apple from $184.00 to $199.00 and gave the company a “market perform” rating in a research note on Wednesday, August 1st. They noted that the move was a valuation call. Macquarie reaffirmed a “buy” rating and issued a $214.00 price objective on shares of Apple in a research note on Wednesday, August 1st. Sanford C. Bernstein reaffirmed a “neutral” rating and issued a $200.00 price objective on shares of Apple in a research note on Wednesday, August 1st. Finally, DZ Bank reissued a “buy” rating on shares of Apple in a research report on Wednesday, August 1st. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and thirty have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $224.63.

Apple Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

Further Reading: What is the balance sheet?

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.

Leave a Reply