Wedbush Securities Inc. lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.0% in the third quarter, HoldingsChannel.com reports. The fund owned 152,018 shares of the iPhone maker’s stock after selling 4,631 shares during the quarter. Apple comprises 3.0% of Wedbush Securities Inc.’s portfolio, making the stock its 2nd biggest holding. Wedbush Securities Inc.’s holdings in Apple were worth $23,429,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Decatur Capital Management Inc. boosted its holdings in Apple by 9.9% during the 3rd quarter. Decatur Capital Management Inc. now owns 231,329 shares of the iPhone maker’s stock valued at $35,652,000 after acquiring an additional 20,825 shares during the period. Csenge Advisory Group purchased a new stake in shares of Apple in the 3rd quarter worth $5,396,000. Middleton & Co Inc MA lifted its holdings in shares of Apple by 21.0% in the 3rd quarter. Middleton & Co Inc MA now owns 128,013 shares of the iPhone maker’s stock worth $19,729,000 after buying an additional 22,207 shares during the period. Concorde Asset Management LLC lifted its holdings in shares of Apple by 64.4% in the 3rd quarter. Concorde Asset Management LLC now owns 6,862 shares of the iPhone maker’s stock worth $1,058,000 after buying an additional 2,689 shares during the period. Finally, Savant Capital LLC lifted its holdings in shares of Apple by 1.7% in the 3rd quarter. Savant Capital LLC now owns 43,369 shares of the iPhone maker’s stock worth $6,684,000 after buying an additional 717 shares during the period. Institutional investors own 60.26% of the company’s stock.
Apple Inc. (NASDAQ:AAPL) opened at $171.51 on Monday. Apple Inc. has a 1 year low of $120.62 and a 1 year high of $180.10. The stock has a market capitalization of $872,480.88, a PE ratio of 18.64, a P/E/G ratio of 1.39 and a beta of 1.21. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28.
Several brokerages have weighed in on AAPL. Mizuho reiterated a “neutral” rating and issued a $175.00 target price (up from $160.00) on shares of Apple in a report on Friday, January 19th. Zacks Investment Research cut Apple from a “buy” rating to a “hold” rating in a report on Friday, January 19th. Barclays set a $174.00 target price on Apple and gave the stock a “neutral” rating in a report on Thursday, January 18th. Bank of America cut Apple from a “buy” rating to a “neutral” rating and upped their target price for the stock from $180.00 to $220.00 in a report on Wednesday, January 17th. Finally, Atlantic Securities cut Apple from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $177.35 to $190.00 in a report on Monday, January 22nd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, thirty-six have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $200.70.
In other news, SVP Johny Srouji sold 5,760 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total value of $1,004,544.00. Following the transaction, the senior vice president now directly owns 81,560 shares of the company’s stock, valued at $14,224,064. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $169.69, for a total value of $2,654,121.29. Following the completion of the transaction, the insider now directly owns 17,341 shares in the company, valued at $2,942,594.29. The disclosure for this sale can be found here. Insiders have sold a total of 128,412 shares of company stock worth $22,115,155 over the last ninety days. 0.06% of the stock is currently owned by corporate insiders.
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Apple Company 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.
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