Apple (AAPL) Position Cut by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC lessened its stake in shares of Apple (NASDAQ:AAPL) by 6.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,642 shares of the iPhone maker’s stock after selling 4,281 shares during the quarter. Apple comprises about 5.4% of EagleClaw Capital Managment LLC’s holdings, making the stock its biggest holding. EagleClaw Capital Managment LLC’s holdings in Apple were worth $9,498,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Blue Sky Asset Management LLC acquired a new position in shares of Apple in the 2nd quarter valued at $108,000. FNY Managed Accounts LLC increased its holdings in shares of Apple by 852.4% in the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after acquiring an additional 716 shares during the period. Private Vista LLC acquired a new position in shares of Apple in the 2nd quarter valued at $122,000. Armbruster Capital Management Inc. increased its holdings in shares of Apple by 9.4% in the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after acquiring an additional 78 shares during the period. Finally, Crow Point Partners LLC increased its holdings in shares of Apple by 100.0% in the 3rd quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock valued at $153,000 after acquiring an additional 500 shares during the period. 61.35% of the stock is currently owned by institutional investors and hedge funds.

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A number of brokerages have recently commented on AAPL. Nomura reaffirmed a “neutral” rating and issued a $175.00 target price on shares of Apple in a report on Monday, March 19th. BidaskClub cut shares of Apple from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. BMO Capital Markets cut shares of Apple from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $162.00 to $166.00 in a research note on Wednesday, January 31st. William Blair reissued an “outperform” rating on shares of Apple in a research note on Friday, February 2nd. Finally, Bank of America reissued an “outperform” rating and issued a $220.00 price objective on shares of Apple in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $202.52.

In related news, SVP Daniel J. Riccio sold 17,375 shares of the stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $169.12, for a total transaction of $2,938,460.00. Following the completion of the sale, the senior vice president now owns 66,191 shares of the company’s stock, valued at approximately $11,194,221.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Philip W. Schiller sold 69,491 shares of the stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $166.42, for a total transaction of $11,564,692.22. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.

Shares of AAPL stock opened at $168.38 on Friday. The stock has a market cap of $870,751.38, a PE ratio of 18.28, a P/E/G ratio of 1.30 and a beta of 1.25. Apple has a 1-year low of $140.06 and a 1-year high of $183.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24.

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

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Apple 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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