Chickasaw Capital Management LLC lessened its holdings in shares of Apple (NASDAQ:AAPL) by 4.3% in the fourth quarter, HoldingsChannel reports. The firm owned 112,777 shares of the iPhone maker’s stock after selling 5,059 shares during the period. Apple accounts for 0.4% of Chickasaw Capital Management LLC’s investment portfolio, making the stock its 26th biggest position. Chickasaw Capital Management LLC’s holdings in Apple were worth $19,085,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Jarislowsky Fraser Ltd grew its position in Apple by 22.4% in the third quarter. Jarislowsky Fraser Ltd now owns 22,515 shares of the iPhone maker’s stock valued at $3,470,000 after acquiring an additional 4,118 shares in the last quarter. Empirical Financial Services LLC grew its position in Apple by 23.9% in the second quarter. Empirical Financial Services LLC now owns 21,558 shares of the iPhone maker’s stock valued at $3,105,000 after acquiring an additional 4,154 shares in the last quarter. Carnick & Kubik Group LLC grew its position in Apple by 14.4% in the second quarter. Carnick & Kubik Group LLC now owns 20,744 shares of the iPhone maker’s stock valued at $2,987,000 after acquiring an additional 2,612 shares in the last quarter. GenTrust LLC grew its position in Apple by 1,022.9% in the second quarter. GenTrust LLC now owns 34,315 shares of the iPhone maker’s stock valued at $4,942,000 after acquiring an additional 31,259 shares in the last quarter. Finally, Ramsay Stattman Vela & Price Inc. grew its position in Apple by 3.3% in the third quarter. Ramsay Stattman Vela & Price Inc. now owns 52,013 shares of the iPhone maker’s stock valued at $8,016,000 after acquiring an additional 1,668 shares in the last quarter. 61.33% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have issued reports on AAPL. Zacks Investment Research downgraded shares of Apple from a “buy” rating to a “hold” rating in a research report on Friday, January 19th. Mizuho reiterated a “neutral” rating and set a $175.00 target price (up from $160.00) on shares of Apple in a research note on Friday, January 19th. Barclays set a $174.00 target price on Apple and gave the company a “neutral” rating in a research note on Thursday, January 18th. Vetr cut Apple from a “buy” rating to a “hold” rating and set a $184.49 target price for the company. in a research note on Tuesday, February 27th. Finally, Bank of America cut Apple from a “buy” rating to a “neutral” rating and increased their target price for the company from $180.00 to $220.00 in a research note on Wednesday, January 17th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $201.53.
In related news, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the transaction, the insider now directly owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by insiders.
Apple (AAPL) opened at $175.30 on Tuesday. The stock has a market capitalization of $903,275.88, a PE ratio of 18.02, a P/E/G ratio of 1.34 and a beta of 1.19. Apple has a fifty-two week low of $138.62 and a fifty-two week high of $183.50. 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 released its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.82 by $0.07. The firm had revenue of $88.29 billion for the quarter, compared to analyst estimates of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. Apple’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.36 earnings per share. analysts anticipate that Apple will post 11.43 EPS for the current year.
ILLEGAL ACTIVITY WARNING: This news story was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.dispatchtribunal.com/2018/03/20/apple-aapl-shares-sold-by-chickasaw-capital-management-llc.html.
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 (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.