Meeder Asset Management Inc. cut its position in Apple Inc. (NASDAQ:AAPL) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,163 shares of the iPhone maker’s stock after selling 8,611 shares during the quarter. Apple comprises approximately 2.0% of Meeder Asset Management Inc.’s holdings, making the stock its 6th biggest position. Meeder Asset Management Inc.’s holdings in Apple were worth $21,482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. grew its stake in shares of Apple by 2.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 17,637,648 shares of the iPhone maker’s stock valued at $2,533,825,000 after buying an additional 471,057 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Apple by 1.2% in the first quarter. Fisher Asset Management LLC now owns 11,638,395 shares of the iPhone maker’s stock valued at $1,671,972,000 after buying an additional 140,368 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Apple by 23.2% in the first quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock valued at $1,334,527,000 after buying an additional 1,749,797 shares in the last quarter. Sanders Capital LLC grew its stake in shares of Apple by 1.2% in the first quarter. Sanders Capital LLC now owns 8,007,685 shares of the iPhone maker’s stock valued at $1,177,522,000 after buying an additional 91,860 shares in the last quarter. Finally, Clearbridge Investments LLC grew its stake in shares of Apple by 1.2% in the first quarter. Clearbridge Investments LLC now owns 6,815,812 shares of the iPhone maker’s stock valued at $979,160,000 after buying an additional 82,453 shares in the last quarter. 60.36% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Timothy D. Cook sold 268,623 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $160.63, for a total transaction of $43,148,912.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Angela J. Ahrendts sold 63,388 shares of the business’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. Insiders have sold 541,177 shares of company stock worth $85,864,804 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.

Shares of Apple Inc. (NASDAQ:AAPL) traded up 0.63% during mid-day trading on Friday, reaching $156.99. The company’s stock had a trading volume of 16,394,188 shares. The stock has a 50 day moving average of $157.58 and a 200-day moving average of $151.63. The stock has a market cap of $136.62 billion, a P/E ratio of 17.78 and a beta of 1.27. Apple Inc. has a one year low of $104.08 and a one year high of $164.94.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.10. Apple had a return on equity of 35.40% and a net margin of 20.87%. The business 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 earned $1.42 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. On average, equities research analysts expect that Apple Inc. will post $9.01 EPS for the current fiscal year.

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Several research firms recently weighed in on AAPL. UBS AG reissued a “buy” rating and issued a $170.00 target price on shares of Apple in a research note on Friday, June 23rd. Rosenblatt Securities reissued a “hold” rating and issued a $150.00 target price on shares of Apple in a research note on Sunday. Zacks Investment Research raised shares of Apple from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a research note on Wednesday. Royal Bank Of Canada reissued an “outperform” rating and issued a $160.08 target price (down from $176.00) on shares of Apple in a research note on Wednesday, August 9th. Finally, Longbow Research reissued a “buy” rating and issued a $173.00 target price on shares of Apple in a research note on Friday, August 11th. Nine research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $189.73.

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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