Vontobel Swiss Wealth Advisors AG Sells 2,370 Shares of Apple Inc. (AAPL)

Vontobel Swiss Wealth Advisors AG decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 15.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,857 shares of the iPhone maker’s stock after selling 2,370 shares during the quarter. Apple comprises approximately 1.2% of Vontobel Swiss Wealth Advisors AG’s holdings, making the stock its 27th biggest holding. Vontobel Swiss Wealth Advisors AG’s holdings in Apple were worth $1,961,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Stone House Investment Management LLC increased its stake in Apple by 0.4% during the 2nd quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock worth $226,000 after buying an additional 6 shares during the period. Jackson Grant Investment Advisers Inc. increased its stake in Apple by 0.3% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock worth $782,000 after buying an additional 17 shares during the period. Karp Capital Management Corp increased its stake in Apple by 1.6% during the 2nd quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock worth $206,000 after buying an additional 22 shares during the period. Welch Investments LLC increased its stake in Apple by 1.5% during the 2nd quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock worth $231,000 after buying an additional 23 shares during the period. Finally, Berkeley Capital Partners LLC increased its stake in Apple by 0.6% during the 2nd quarter. Berkeley Capital Partners LLC now owns 4,369 shares of the iPhone maker’s stock worth $629,000 after buying an additional 26 shares during the period. Institutional investors and hedge funds own 59.70% of the company’s stock.

Shares of Apple Inc. (NASDAQ:AAPL) opened at $171.07 on Thursday. The firm has a market cap of $868,010.00, a P/E ratio of 16.74, a PEG ratio of 1.30 and a beta of 1.33. Apple Inc. has a one year low of $135.28 and a one year high of $180.10. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.74.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.82 by $0.07. The company had revenue of $88.29 billion during 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 business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.36 EPS. research analysts anticipate that Apple Inc. will post 11.43 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio is currently 24.66%.

In related news, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $174.78, for a total value of $2,733,733.98. Following the sale, the insider now directly owns 13,739 shares in the company, valued at approximately $2,401,302.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eduardo H. Cue sold 65,361 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total transaction of $11,215,947.60. The disclosure for this sale can be found here. Insiders sold a total of 107,011 shares of company stock worth $18,414,885 over the last quarter. Insiders own 0.08% of the company’s stock.

AAPL has been the topic of several analyst reports. Citigroup reaffirmed a “buy” rating and set a $200.00 price target on shares of Apple in a research note on Wednesday, December 13th. Bank of America downgraded shares of Apple from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $180.00 to $220.00 in a research note on Wednesday, January 17th. Piper Jaffray Companies reissued a “buy” rating and issued a $200.00 target price (up previously from $196.00) on shares of Apple in a research report on Tuesday, October 31st. Cascend Securities boosted their target price on shares of Apple from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Finally, Vetr downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $171.48 target price for the company. in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $201.64.

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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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