Beech Hill Advisors Inc. lessened its holdings in Apple (NASDAQ:AAPL) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,997 shares of the iPhone maker’s stock after selling 819 shares during the quarter. Apple makes up approximately 6.1% of Beech Hill Advisors Inc.’s investment portfolio, making the stock its largest position. Beech Hill Advisors Inc.’s holdings in Apple were worth $12,353,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AAPL. FNY Managed Accounts LLC increased its position in Apple by 852.4% during the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 716 shares during the period. Private Vista LLC acquired a new stake in Apple during the 2nd quarter valued at approximately $122,000. Crow Point Partners LLC increased its position in Apple by 100.0% during the 3rd quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock valued at $153,000 after purchasing an additional 500 shares during the period. Oak Point Wealth Management acquired a new stake in Apple during the 4th quarter valued at approximately $163,000. Finally, Interactive Financial Advisors acquired a new stake in Apple during the 4th quarter valued at approximately $188,000. Institutional investors and hedge funds own 61.35% of the company’s stock.

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In related news, SVP Daniel J. Riccio sold 17,375 shares of the business’s stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $169.12, for a total value of $2,938,460.00. Following the sale, the senior vice president now directly owns 66,191 shares in the company, valued at approximately $11,194,221.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Luca Maestri sold 39,122 shares of the business’s stock in a transaction dated Friday, April 13th. The shares were sold at an average price of $174.66, for a total value of $6,833,048.52. The disclosure for this sale can be found here. Insiders sold a total of 125,988 shares of company stock worth $21,336,201 over the last 90 days. 0.06% of the stock is currently owned by company insiders.

A number of analysts have weighed in on the stock. Nomura set a $175.00 target price on shares of Apple and gave the company a “neutral” rating in a research report on Tuesday, April 3rd. Vetr downgraded shares of Apple from a “strong-buy” rating to a “buy” rating and set a $186.86 price objective for the company. in a research report on Monday, April 2nd. Zacks Investment Research downgraded shares of Apple from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. Royal Bank of Canada set a $203.00 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Tuesday, April 3rd. Finally, BMO Capital Markets downgraded shares of Apple from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $162.00 to $166.00 in a research report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $203.21.

Shares of Apple stock opened at $175.82 on Tuesday. Apple has a 52-week low of $140.45 and a 52-week high of $183.50. The stock has a market capitalization of $886,582.31, a P/E ratio of 19.09, a PEG ratio of 1.32 and a beta of 1.25. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.82 by $0.07. Apple had a return on equity of 37.37% and a net margin of 21.13%. The business had revenue of $88.29 billion for the quarter, compared to analysts’ expectations of $87.62 billion. During the same period in the previous year, the business posted $3.36 EPS. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. sell-side analysts forecast that Apple will post 11.37 EPS for the current year.

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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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