Round Table Services LLC Sells 737 Shares of Apple Inc. (AAPL)

Round Table Services LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 6.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,274 shares of the iPhone maker’s stock after selling 737 shares during the quarter. Apple comprises approximately 0.6% of Round Table Services LLC’s portfolio, making the stock its 25th biggest holding. Round Table Services LLC’s holdings in Apple were worth $1,902,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of AAPL. Summit Trail Advisors LLC lifted its position in Apple by 17,669.4% during the first quarter. Summit Trail Advisors LLC now owns 20,180,694 shares of the iPhone maker’s stock worth $20,181,000 after buying an additional 20,067,124 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Apple by 1.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 19,610,272 shares of the iPhone maker’s stock worth $3,290,212,000 after buying an additional 347,970 shares during the period. Dimensional Fund Advisors LP lifted its position in Apple by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 16,158,094 shares of the iPhone maker’s stock worth $2,711,005,000 after buying an additional 55,050 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Apple by 0.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 15,977,515 shares of the iPhone maker’s stock worth $2,680,707,000 after buying an additional 136,478 shares during the period. Finally, American Century Companies Inc. lifted its position in Apple by 0.4% during the first quarter. American Century Companies Inc. now owns 14,064,371 shares of the iPhone maker’s stock worth $2,359,720,000 after buying an additional 60,860 shares during the period. Institutional investors and hedge funds own 58.61% of the company’s stock.

In other news, CEO Timothy D. Cook sold 265,160 shares of the stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $217.79, for a total value of $57,749,196.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Angela J. Ahrendts sold 14,194 shares of the stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $227.96, for a total value of $3,235,664.24. Following the completion of the sale, the senior vice president now owns 105,538 shares of the company’s stock, valued at approximately $24,058,442.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 564,185 shares of company stock valued at $124,444,213. Insiders own 0.08% of the company’s stock.

AAPL stock opened at $216.02 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.31 and a debt-to-equity ratio of 0.84. Apple Inc. has a 1 year low of $150.24 and a 1 year high of $233.47. The stock has a market capitalization of $1,087.18 billion, a PE ratio of 20.05, a P/E/G ratio of 1.70 and a beta of 1.36.

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

Several equities analysts recently weighed in on the company. Atlantic Securities reiterated a “neutral” rating and set a $205.00 target price on shares of Apple in a research report on Wednesday, August 1st. BMO Capital Markets increased their target price on Apple from $184.00 to $199.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 1st. They noted that the move was a valuation call. Macquarie reiterated a “buy” rating and set a $214.00 target price on shares of Apple in a research report on Wednesday, August 1st. Sanford C. Bernstein reiterated a “neutral” rating and set a $200.00 target price on shares of Apple in a research report on Wednesday, August 1st. Finally, DZ Bank reiterated a “buy” rating on shares of Apple in a research report on Wednesday, August 1st. Three equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirty have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $222.50.

Apple Profile

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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