James Hambro & Partners Cuts Position in Apple Inc. (NASDAQ:AAPL)

James Hambro & Partners trimmed its position in Apple Inc. (NASDAQ:AAPL) by 20.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,270 shares of the iPhone maker’s stock after selling 334 shares during the quarter. James Hambro & Partners’ holdings in Apple were worth $463,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AAPL. Advisor Group Holdings Inc. purchased a new position in shares of Apple in the 1st quarter worth about $536,884,000. Norges Bank purchased a new position in shares of Apple in the 4th quarter worth about $13,759,345,000. Wealth Quarterback LLC purchased a new position in shares of Apple in the 4th quarter worth about $3,783,310,000. Wellington Management Group LLP raised its holdings in shares of Apple by 18.2% in the 1st quarter. Wellington Management Group LLP now owns 26,941,525 shares of the iPhone maker’s stock worth $6,850,960,000 after purchasing an additional 4,148,565 shares during the period. Finally, Swiss National Bank raised its holdings in shares of Apple by 21.0% in the 1st quarter. Swiss National Bank now owns 17,300,399 shares of the iPhone maker’s stock worth $4,399,318,000 after purchasing an additional 3,000,800 shares during the period. Institutional investors own 61.96% of the company’s stock.

In other Apple news, insider Chris Kondo sold 4,491 shares of Apple stock in a transaction on Friday, May 8th. The stock was sold at an average price of $305.62, for a total transaction of $1,372,539.42. Following the sale, the insider now owns 7,370 shares of the company’s stock, valued at approximately $2,252,419.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Deirdre O’brien sold 9,137 shares of Apple stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $285.12, for a total value of $2,605,141.44. The disclosure for this sale can be found here. 0.05% of the stock is owned by insiders.

AAPL has been the subject of a number of recent research reports. Wedbush increased their target price on Apple from $425.00 to $450.00 and gave the company an “outperform” rating in a research note on Monday. Sanford C. Bernstein increased their target price on Apple from $285.00 to $370.00 and gave the company a “market perform” rating in a research note on Tuesday, June 23rd. Goldman Sachs Group reiterated a “sell” rating and issued a $263.00 target price on shares of Apple in a research note on Tuesday, June 23rd. Nomura Instinet increased their target price on Apple from $240.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Bank of America reiterated a “buy” rating and issued a $390.00 target price (up previously from $340.00) on shares of Apple in a research note on Thursday, June 11th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Apple has an average rating of “Buy” and an average target price of $331.86.

Shares of NASDAQ AAPL opened at $381.91 on Tuesday. The company has a market cap of $1,663.00 billion, a price-to-earnings ratio of 29.95, a price-to-earnings-growth ratio of 2.83 and a beta of 1.18. Apple Inc. has a 12-month low of $192.58 and a 12-month high of $399.82. The company has a current ratio of 1.50, a quick ratio of 1.46 and a debt-to-equity ratio of 1.14. The stock’s 50 day simple moving average is $347.64 and its 200 day simple moving average is $305.92.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, April 30th. The iPhone maker reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.29. The firm had revenue of $58.31 billion for the quarter, compared to the consensus estimate of $54.64 billion. Apple had a return on equity of 64.49% and a net margin of 21.35%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.46 EPS. As a group, equities analysts forecast that Apple Inc. will post 12.33 earnings per share for the current fiscal year.

Apple Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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