Apple Inc. (AAPL) Position Trimmed by KAMES CAPITAL plc

KAMES CAPITAL plc decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 42.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 413,484 shares of the iPhone maker’s stock after selling 306,457 shares during the quarter. Apple makes up approximately 1.7% of KAMES CAPITAL plc’s portfolio, making the stock its 21st biggest position. KAMES CAPITAL plc’s holdings in Apple were worth $59,550,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new stake in Apple during the fourth quarter worth approximately $5,625,709,000. Schwab Charles Investment Management Inc. lifted its stake in Apple by 2.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 17,637,648 shares of the iPhone maker’s stock worth $2,533,825,000 after purchasing an additional 471,057 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Apple by 1.2% during the first quarter. Fisher Asset Management LLC now owns 11,638,395 shares of the iPhone maker’s stock worth $1,671,972,000 after purchasing an additional 140,368 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Apple by 23.2% during the first quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock worth $1,334,527,000 after purchasing an additional 1,749,797 shares during the last quarter. Finally, Sanders Capital LLC lifted its stake in Apple by 1.2% during the first quarter. Sanders Capital LLC now owns 8,007,685 shares of the iPhone maker’s stock worth $1,177,522,000 after purchasing an additional 91,860 shares during the last quarter. Hedge funds and other institutional investors own 60.45% of the company’s stock.

AAPL has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their target price on Apple from $157.00 to $168.00 and gave the stock an “outperform” rating in a research note on Monday, May 22nd. Morgan Stanley boosted their target price on Apple from $177.00 to $182.00 and gave the stock an “overweight” rating in a research note on Monday, July 17th. Needham & Company LLC restated a “buy” rating and set a $175.00 target price (up previously from $165.00) on shares of Apple in a research note on Wednesday, August 2nd. They noted that the move was a valuation call. Cleveland Research upgraded Apple from a “neutral” rating to a “buy” rating and set a $197.00 target price for the company in a research note on Tuesday, August 29th. Finally, Bank of America Corporation restated a “buy” rating and set a $180.00 target price (up previously from $175.00) on shares of Apple in a research note on Wednesday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $187.63.

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Shares of Apple Inc. (NASDAQ AAPL) traded up 1.01% during mid-day trading on Friday, hitting $159.88. The company’s stock had a trading volume of 49,114,602 shares. The company has a 50-day moving average price of $158.97 and a 200-day moving average price of $149.42. Apple Inc. has a 1-year low of $104.08 and a 1-year high of $164.94. The stock has a market cap of $825.82 billion, a PE ratio of 18.15 and a beta of 1.27.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, topping the Zacks’ consensus estimate of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The company had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. During the same period in the prior year, the business posted $1.42 EPS. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts predict that Apple Inc. will post $9.01 EPS for the current fiscal year.

In other news, SVP D Bruce Sewell sold 31,625 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $158.13, for a total transaction of $5,000,861.25. Following the completion of the transaction, the senior vice president now directly owns 112,430 shares in the company, valued at approximately $17,778,555.90. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Johny Srouji sold 5,892 shares of the stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $161.00, for a total transaction of $948,612.00. Following the transaction, the insider now owns 70,358 shares of the company’s stock, valued at $11,327,638. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 432,930 shares of company stock valued at $69,008,577. Company insiders own 0.08% of the company’s stock.

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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