YorkBridge Wealth Partners LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,558 shares of the iPhone maker’s stock after selling 962 shares during the period. Apple comprises approximately 3.4% of YorkBridge Wealth Partners LLC’s portfolio, making the stock its biggest holding. YorkBridge Wealth Partners LLC’s holdings in Apple were worth $6,559,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Blue Sky Asset Management LLC purchased a new position in Apple in the second quarter valued at approximately $108,000. FNY Managed Accounts LLC lifted its stake in Apple by 852.4% in the second 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 last quarter. Private Vista LLC purchased a new position in Apple in the second quarter valued at approximately $122,000. Armbruster Capital Management Inc. lifted its stake in Apple by 9.4% in the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after purchasing an additional 78 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Apple in the second quarter valued at approximately $149,000. Institutional investors and hedge funds own 60.19% of the company’s stock.
In related news, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $169.69, for a total value of $2,654,121.29. Following the completion of the transaction, the insider now directly owns 17,341 shares in the company, valued at $2,942,594.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Johny Srouji sold 5,760 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the completion of the transaction, the senior vice president now owns 81,560 shares of the company’s stock, valued at $14,224,064. The disclosure for this sale can be found here. Insiders sold 128,412 shares of company stock valued at $22,115,155 over the last quarter. 0.08% of the stock is owned by company insiders.
AAPL has been the topic of a number of analyst reports. Bank of America cut shares of Apple from a “buy” rating to a “neutral” rating and boosted their target price for the company from $180.00 to $220.00 in a report on Wednesday. Zacks Investment Research raised shares of Apple from a “hold” rating to a “buy” rating and set a $197.00 target price on the stock in a report on Thursday. Barclays set a $174.00 target price on shares of Apple and gave the company a “neutral” rating in a report on Thursday. Mizuho reissued a “neutral” rating and set a $175.00 target price (up previously from $160.00) on shares of Apple in a report on Friday. Finally, Rosenblatt Securities reissued a “buy” rating on shares of Apple in a report on Friday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the stock. Apple presently has an average rating of “Buy” and an average target price of $200.59.
Apple Inc. (NASDAQ AAPL) opened at $178.46 on Friday. Apple Inc. has a 1 year low of $119.50 and a 1 year high of $180.10. The stock has a market cap of $912,180.00, a price-to-earnings ratio of 19.42, a P/E/G ratio of 1.45 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23.
Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The company had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. During the same period in the previous year, the business earned $1.50 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. analysts predict that Apple Inc. will post 11.15 EPS for the current fiscal 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.
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