Sigma Investment Counselors Inc. cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 46,320 shares of the iPhone maker’s stock after selling 1,179 shares during the quarter. Apple comprises 1.0% of Sigma Investment Counselors Inc.’s portfolio, making the stock its 17th largest holding. Sigma Investment Counselors Inc.’s holdings in Apple were worth $7,139,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of AAPL. YHB Investment Advisors Inc. boosted its position in shares of Apple by 7.6% during the second quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock valued at $19,614,000 after purchasing an additional 9,663 shares in the last quarter. Jarislowsky Fraser Ltd boosted its position in shares of Apple by 22.4% during the third quarter. Jarislowsky Fraser Ltd now owns 22,515 shares of the iPhone maker’s stock valued at $3,470,000 after purchasing an additional 4,118 shares in the last quarter. Empirical Financial Services LLC boosted its position in shares of Apple by 23.9% during the second quarter. Empirical Financial Services LLC now owns 21,558 shares of the iPhone maker’s stock valued at $3,105,000 after purchasing an additional 4,154 shares in the last quarter. Carnick & Kubik Group LLC boosted its position in shares of Apple by 14.4% during the second quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock valued at $2,987,000 after purchasing an additional 2,612 shares in the last quarter. Finally, GenTrust LLC boosted its position in shares of Apple by 1,022.9% during the second quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock valued at $4,942,000 after purchasing an additional 31,259 shares in the last quarter. 59.70% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have commented on AAPL shares. Vetr downgraded 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. UBS Group set a $190.00 target price on Apple and gave the stock a “buy” rating in a report on Friday, January 5th. Needham & Company LLC boosted their target price on Apple from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Morgan Stanley reissued a “buy” rating and issued a $205.00 target price (up from $200.00) on shares of Apple in a report on Tuesday, January 23rd. Finally, Sanford C. Bernstein downgraded Apple from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $195.00 to $170.00 in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $201.64.
Shares of Apple Inc. (NASDAQ:AAPL) opened at $171.07 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.24 and a quick ratio of 1.20. The company has a market capitalization of $868,010.00, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.30 and a beta of 1.33. Apple Inc. has a 1 year low of $135.28 and a 1 year high of $180.10.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.82 by $0.07. The business had revenue of $88.29 billion during the quarter, compared to analysts’ expectations of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.36 earnings per share. sell-side analysts expect that Apple Inc. will post 11.43 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Friday, February 9th. Apple’s payout ratio is 24.66%.
In other news, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was 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 owns 17,341 shares of the company’s stock, valued at $2,942,594.29. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Johny Srouji sold 10,368 shares of the company’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $174.68, for a total value of $1,811,082.24. Following the completion of the transaction, the insider now directly owns 81,560 shares of the company’s stock, valued at approximately $14,246,900.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 107,011 shares of company stock valued at $18,414,885. Company insiders own 0.08% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Apple Inc. (AAPL) Shares Sold by Sigma Investment Counselors Inc.” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at https://www.dispatchtribunal.com/2018/02/22/apple-inc-aapl-shares-sold-by-sigma-investment-counselors-inc.html.
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.
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.