St. Johns Investment Management Company LLC Cuts Holdings in Apple Inc. (AAPL)

St. Johns Investment Management Company LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 22,398 shares of the iPhone maker’s stock after selling 692 shares during the period. Apple makes up approximately 3.0% of St. Johns Investment Management Company LLC’s portfolio, making the stock its 7th biggest holding. St. Johns Investment Management Company LLC’s holdings in Apple were worth $4,146,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. APCM Wealth Management for Individuals acquired a new position in Apple during the 4th quarter worth about $2,149,000. High Falls Advisors Inc lifted its position in Apple by 8.4% during the 4th quarter. High Falls Advisors Inc now owns 14,934 shares of the iPhone maker’s stock worth $2,527,000 after buying an additional 1,155 shares in the last quarter. Banco de Sabadell S.A acquired a new position in Apple during the 4th quarter worth about $26,948,000. Westover Capital Advisors LLC lifted its position in Apple by 0.9% during the 4th quarter. Westover Capital Advisors LLC now owns 34,632 shares of the iPhone maker’s stock worth $5,861,000 after buying an additional 325 shares in the last quarter. Finally, Slow Capital Inc. acquired a new position in Apple during the 4th quarter worth about $7,086,000. 58.58% of the stock is currently owned by institutional investors.

In related news, CEO Timothy D. Cook sold 265,160 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $217.79, for a total value of $57,749,196.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Angela J. Ahrendts sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 3rd. The shares were sold at an average price of $232.66, for a total transaction of $5,816,500.00. Following the completion of the sale, the senior vice president now owns 105,538 shares in the company, valued at $24,554,471.08. The disclosure for this sale can be found here. Insiders sold a total of 564,185 shares of company stock worth $124,444,213 over the last quarter. 0.06% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:AAPL opened at $222.11 on Friday. The company has a market capitalization of $1,109.54 billion, a P/E ratio of 24.12, a PEG ratio of 1.99 and a beta of 1.36. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.24 and a current ratio of 1.31. Apple Inc. has a fifty-two week low of $150.24 and a fifty-two week high of $233.47.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, July 31st. The iPhone maker reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.16. The business had revenue of $53.27 billion for the quarter, compared to the consensus estimate of $52.43 billion. Apple had a net margin of 21.98% and a return on equity of 43.50%. Apple’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period last year, the company posted $1.67 EPS. On average, analysts forecast that Apple Inc. will post 11.76 EPS for the current fiscal year.

Several research analysts recently issued reports on AAPL shares. UBS Group started coverage on shares of Apple in a research report on Wednesday, September 12th. Maxim Group upped their price target on shares of Apple to $221.00 and gave the stock an “average” rating in a research report on Thursday, September 13th. Royal Bank of Canada upped their price target on shares of Apple to $250.00 and gave the stock an “average” rating in a research report on Wednesday, September 26th. BidaskClub upgraded shares of Apple from a “hold” rating to a “buy” rating in a research report on Monday, June 18th. Finally, Guggenheim reiterated a “buy” rating and set a $225.00 price target on shares of Apple in a research report on Tuesday, July 24th. Three investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirty have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $221.63.

About Apple

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

Read More: Price to Earnings Ratio (PE)

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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