Archford Capital Strategies LLC cut its stake in Apple (NASDAQ:AAPL) by 7.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,806 shares of the iPhone maker’s stock after selling 1,775 shares during the quarter. Apple comprises about 1.2% of Archford Capital Strategies LLC’s holdings, making the stock its 12th biggest holding. Archford Capital Strategies LLC’s holdings in Apple were worth $3,207,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also added to or reduced their stakes in the company. Americafirst Capital Management LLC purchased a new stake in shares of Apple during the 3rd quarter valued at about $313,000. Gyroscope Capital Management Group LLC boosted its holdings in shares of Apple by 39.2% during the 3rd quarter. Gyroscope Capital Management Group LLC now owns 21,540 shares of the iPhone maker’s stock valued at $3,320,000 after acquiring an additional 6,061 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in shares of Apple by 25.2% during the 3rd quarter. Moors & Cabot Inc. now owns 83,595 shares of the iPhone maker’s stock valued at $12,886,000 after acquiring an additional 16,842 shares during the last quarter. Cypress Capital Group boosted its holdings in shares of Apple by 2.6% during the 3rd quarter. Cypress Capital Group now owns 71,916 shares of the iPhone maker’s stock valued at $11,084,000 after acquiring an additional 1,812 shares during the last quarter. Finally, Belpointe Asset Management LLC purchased a new stake in shares of Apple during the 3rd quarter valued at about $10,822,000. 61.35% of the stock is currently owned by hedge funds and other institutional investors.
In other news, SVP Daniel J. Riccio sold 17,375 shares of the business’s stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $169.12, for a total transaction of $2,938,460.00. Following the sale, the senior vice president now owns 66,191 shares in the company, valued at $11,194,221.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Philip W. Schiller sold 69,491 shares of the business’s stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $166.42, for a total value of $11,564,692.22. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.
Several equities analysts have recently weighed in on AAPL shares. Stifel Nicolaus reiterated a “sell” rating and issued a $26.00 price objective (up previously from $22.00) on shares of Apple in a research note on Wednesday, December 13th. Citigroup reiterated a “buy” rating and issued a $200.00 price objective on shares of Apple in a research note on Wednesday, December 13th. Nomura set a $175.00 price objective on shares of Apple and gave the stock a “neutral” rating in a research note on Tuesday, December 19th. Instinet cut shares of Apple from a “buy” rating to a “neutral” rating and set a $175.00 target price on the stock. in a research note on Tuesday, December 19th. Finally, BMO Capital Markets restated a “buy” rating and set a $199.00 target price on shares of Apple in a research note on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. Apple currently has a consensus rating of “Buy” and an average price target of $202.52.
Apple stock traded down $4.42 during trading hours on Friday, reaching $168.38. The stock had a trading volume of 34,945,811 shares, compared to its average volume of 32,409,626. The company has a market capitalization of $876,789.50, a PE ratio of 18.28, a P/E/G ratio of 1.31 and a beta of 1.25. 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 has a 52 week low of $140.06 and a 52 week high of $183.50.
Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, topping the Zacks’ consensus estimate of $3.82 by $0.07. The business had revenue of $88.29 billion during the quarter, compared to the consensus estimate of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.36 earnings per share. equities analysts predict that Apple will post 11.37 earnings per share for the current fiscal year.
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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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