Apple Inc. (AAPL) Holdings Lessened by Deroy & Devereaux Private Investment Counsel Inc.
Deroy & Devereaux Private Investment Counsel Inc. trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 156,594 shares of the iPhone maker’s stock after selling 948 shares during the period. Apple makes up 2.7% of Deroy & Devereaux Private Investment Counsel Inc.’s investment portfolio, making the stock its largest holding. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Apple were worth $24,134,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Apple in the 2nd quarter worth $400,000. Blue Sky Asset Management LLC bought a new position in shares of Apple in the 2nd quarter worth $108,000. FNY Managed Accounts LLC lifted its holdings in shares of Apple by 852.4% in the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 716 shares in the last quarter. Hefty Wealth Partners lifted its holdings in shares of Apple by 27.6% in the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after purchasing an additional 174 shares in the last quarter. Finally, Armbruster Capital Management Inc. lifted its holdings in shares of Apple by 9.4% in the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after purchasing an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 60.17% of the company’s stock.
In related news, SVP Johny Srouji sold 5,760 shares of Apple stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total value of $1,004,544.00. Following the completion of the sale, the senior vice president now owns 81,560 shares of the company’s stock, valued at approximately $14,224,064. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Eduardo H. Cue sold 65,361 shares of Apple stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $171.60, for a total value of $11,215,947.60. The disclosure for this sale can be found here. In the last three months, insiders sold 128,412 shares of company stock valued at $22,115,155. 0.06% of the stock is currently owned by insiders.
A number of equities analysts recently issued reports on AAPL shares. Morgan Stanley reiterated an “overweight” rating and issued a $194.00 target price (up from $182.00) on shares of Apple in a report on Tuesday, September 12th. Barclays set a $146.00 target price on Apple and gave the stock a “neutral” rating in a report on Wednesday, September 13th. Mizuho set a $160.00 target price on Apple and gave the stock a “hold” rating in a report on Wednesday, October 18th. Vetr cut Apple from a “buy” rating to a “hold” rating and set a $178.34 target price on the stock. in a report on Friday, December 1st. Finally, UBS Group set a $190.00 price target on Apple and gave the company a “buy” rating in a research report on Friday, January 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $198.70.
Shares of Apple Inc. (NASDAQ AAPL) opened at $174.33 on Wednesday. Apple Inc. has a 12-month low of $118.21 and a 12-month high of $177.20. The stock has a market capitalization of $895,060.00, a price-to-earnings ratio of 18.97, a PEG ratio of 1.43 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The company had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. During the same quarter last year, the firm posted $1.50 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. sell-side analysts predict that Apple Inc. will post 11.18 earnings per share for the current year.
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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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