Apple Inc. (AAPL) Position Reduced by Camarda Financial Advisors LLC

Camarda Financial Advisors LLC trimmed its position in Apple Inc. (NASDAQ:AAPL) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,927 shares of the iPhone maker’s stock after selling 690 shares during the quarter. Apple comprises approximately 3.4% of Camarda Financial Advisors LLC’s holdings, making the stock its 3rd largest position. Camarda Financial Advisors LLC’s holdings in Apple were worth $3,158,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its holdings in Apple by 2.7% in the 1st 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 during the period. Fisher Asset Management LLC increased its holdings in Apple by 1.2% in the 1st 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 during the period. Canada Pension Plan Investment Board increased its holdings in Apple by 23.2% in the 1st 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 during the period. Sanders Capital LLC increased its holdings in Apple by 1.2% in the 1st 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 during the period. Finally, Clearbridge Investments LLC increased its holdings in Apple by 1.2% in the 1st 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 during the period. Hedge funds and other institutional investors own 60.32% of the company’s stock.

In related news, CEO Timothy D. Cook sold 268,623 shares of Apple stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $160.63, for a total value of $43,148,912.49. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Arthur D. Levinson sold 35,000 shares of Apple stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $157.58, for a total value of $5,515,300.00. Following the completion of the sale, the director now owns 1,168,283 shares in the company, valued at $184,098,035.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 541,177 shares of company stock worth $85,864,804. 0.08% of the stock is currently owned by insiders.

AAPL has been the topic of a number of research analyst reports. Morgan Stanley increased their price objective on shares of Apple from $177.00 to $182.00 and gave the stock an “overweight” rating in a report on Monday, July 17th. Needham & Company LLC restated a “buy” rating and set a $175.00 target price (up from $165.00) on shares of Apple in a research report on Wednesday, August 2nd. They noted that the move was a valuation call. Cleveland Research upgraded shares of Apple from a “neutral” rating to a “buy” rating and set a $197.00 target price on the stock in a research report on Tuesday, August 29th. Bank of America Corporation restated a “buy” rating and set a $180.00 target price (up from $175.00) on shares of Apple in a research report on Wednesday, August 2nd. Finally, Canaccord Genuity restated a “buy” rating and set a $180.00 target price on shares of Apple in a research report on Monday, July 10th. Seven investment analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the stock. Apple currently has a consensus rating of “Buy” and a consensus price target of $193.05.

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Apple Inc. (AAPL) traded up 3.58% during trading on Friday, hitting $163.05. The stock had a trading volume of 44,454,160 shares. The firm’s 50-day moving average price is $156.59 and its 200-day moving average price is $152.47. Apple Inc. has a 52-week low of $104.08 and a 52-week high of $164.94. The company has a market cap of $842.19 billion, a price-to-earnings ratio of 18.51 and a beta of 1.27.

Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, beating 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 analysts’ expectations of $44.94 billion. During the same period last year, the firm earned $1.42 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts predict that Apple Inc. will post $9.00 EPS for the current fiscal year.

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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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