Klingman & Associates LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,238 shares of the iPhone maker’s stock after selling 22 shares during the period. Klingman & Associates LLC’s holdings in Apple were worth $466,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. FC Advisory LLC lifted its holdings in shares of Apple by 0.4% during the second quarter. FC Advisory LLC now owns 2,576 shares of the iPhone maker’s stock worth $371,000 after purchasing an additional 10 shares during the period. Stonehearth Capital Management LLC lifted its holdings in shares of Apple by 0.8% during the first quarter. Stonehearth Capital Management LLC now owns 2,378 shares of the iPhone maker’s stock worth $342,000 after purchasing an additional 20 shares during the period. Lenox Wealth Advisors Inc. lifted its holdings in shares of Apple by 0.4% during the second quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock worth $716,000 after purchasing an additional 20 shares during the period. BerganKDV Wealth Management LLC lifted its holdings in shares of Apple by 0.4% during the second quarter. BerganKDV Wealth Management LLC now owns 5,614 shares of the iPhone maker’s stock worth $809,000 after purchasing an additional 20 shares during the period. Finally, Sippican Capital Advisors lifted its holdings in shares of Apple by 0.5% during the first quarter. Sippican Capital Advisors now owns 4,912 shares of the iPhone maker’s stock worth $706,000 after purchasing an additional 26 shares during the period. Institutional investors own 60.35% of the company’s stock.

Apple Inc. (NASDAQ:AAPL) traded down 1.90% during midday trading on Wednesday, reaching $155.72. The company’s stock had a trading volume of 33,629,218 shares. The stock’s 50 day moving average is $159.51 and its 200 day moving average is $149.86. Apple Inc. has a 12-month low of $104.08 and a 12-month high of $164.94. The stock has a market cap of $804.33 billion, a P/E ratio of 17.68 and a beta of 1.27.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.10. Apple had a return on equity of 35.40% and a net margin of 20.87%. The firm had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. During the same quarter in the prior year, the company posted $1.42 earnings per share. Apple’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts anticipate that Apple Inc. will post $9.01 earnings per share for the current year.

A number of equities analysts have recently commented on the stock. UBS AG reiterated a “buy” rating and set a $170.00 price target on shares of Apple in a report on Wednesday, May 31st. Deutsche Bank AG reiterated a “hold” rating and set a $130.00 price target on shares of Apple in a report on Tuesday, June 6th. Credit Suisse Group reiterated an “outperform” rating and set a $170.00 price target on shares of Apple in a report on Tuesday, June 6th. BMO Capital Markets reiterated an “outperform” rating and set a $170.00 price target on shares of Apple in a report on Tuesday, July 25th. Finally, Sanford C. Bernstein reiterated a “buy” rating and set a $160.00 price target on shares of Apple in a report on Tuesday, May 23rd. Ten equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $188.11.

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In related news, CEO Timothy D. Cook sold 268,623 shares of the company’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $160.63, for a total transaction of $43,148,912.49. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP D Bruce Sewell sold 31,625 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $158.13, for a total value of $5,000,861.25. Following the transaction, the senior vice president now directly owns 112,430 shares in the company, valued at approximately $17,778,555.90. The disclosure for this sale can be found here. Insiders have sold 432,930 shares of company stock worth $69,008,577 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

About Apple

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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