Apple Inc. (NASDAQ:AAPL) Shares Sold by Intellectus Partners LLC

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Intellectus Partners LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 12,746 shares of the iPhone maker’s stock after selling 203 shares during the quarter. Apple makes up about 1.3% of Intellectus Partners LLC’s holdings, making the stock its 15th biggest holding. Intellectus Partners LLC’s holdings in Apple were worth $2,855,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of AAPL. Centaurus Financial Inc. boosted its position in shares of Apple by 17.9% during the first quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock worth $44,000 after buying an additional 1,262 shares during the period. Semmax Financial Advisors Inc. purchased a new position in shares of Apple during the fourth quarter worth $50,000. Avondale Wealth Management boosted its position in shares of Apple by 25.4% during the second quarter. Avondale Wealth Management now owns 316 shares of the iPhone maker’s stock worth $63,000 after buying an additional 64 shares during the period. NuWave Investment Management LLC boosted its position in shares of Apple by 2,245.0% during the second quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker’s stock worth $93,000 after buying an additional 449 shares during the period. Finally, Horan Securities Inc. boosted its position in shares of Apple by 64.2% during the second quarter. Horan Securities Inc. now owns 565 shares of the iPhone maker’s stock worth $112,000 after buying an additional 221 shares during the period. 58.63% of the stock is owned by institutional investors.

Several research analysts have recently commented on the company. DA Davidson raised their price target on Apple to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Deutsche Bank set a $210.00 price target on Apple and gave the stock a “hold” rating in a research report on Tuesday, September 24th. New Street Research set a $155.00 price target on Apple and gave the stock a “sell” rating in a research report on Tuesday, September 10th. Jefferies Financial Group upgraded Apple from a “hold” rating to a “buy” rating and raised their price target for the stock from $210.00 to $260.00 in a research report on Tuesday, September 24th. Finally, Monness Crespi & Hardt restated a “buy” rating and set a $265.00 price target (up from $245.00) on shares of Apple in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $223.22.

In related news, Director Arthur D. Levinson sold 17,500 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $214.02, for a total value of $3,745,350.00. Following the transaction, the director now owns 1,150,783 shares in the company, valued at approximately $246,290,577.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris Kondo sold 4,376 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $217.47, for a total value of $951,648.72. The disclosure for this sale can be found here. Insiders sold a total of 433,749 shares of company stock worth $91,773,322 in the last 90 days. 0.05% of the stock is currently owned by insiders.

NASDAQ AAPL traded up $3.88 during trading on Friday, reaching $233.97. 10,445,203 shares of the company’s stock were exchanged, compared to its average volume of 30,148,068. The stock has a market cap of $1,039.82 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 1.97 and a beta of 1.24. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.47 and a current ratio of 1.50. The company has a 50 day moving average price of $216.29 and a two-hundred day moving average price of $202.42. Apple Inc. has a 1 year low of $142.00 and a 1 year high of $229.93.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.10 by $0.08. The company had revenue of $53.81 billion during the quarter, compared to the consensus estimate of $53.39 billion. Apple had a return on equity of 52.13% and a net margin of 21.50%. Apple’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.34 EPS. Research analysts forecast that Apple Inc. will post 11.68 EPS for the current fiscal year.

About Apple

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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