Cohen Lawrence B lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 10.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,639 shares of the iPhone maker’s stock after selling 4,982 shares during the period. Apple comprises about 3.9% of Cohen Lawrence B’s holdings, making the stock its 4th biggest position. Cohen Lawrence B’s holdings in Apple were worth $6,141,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hefty Wealth Partners increased its holdings in Apple by 27.6% during the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after buying an additional 174 shares during the last quarter. American Beacon Advisors Inc. purchased a new stake in Apple during the first quarter worth about $117,000. State of Alaska Department of Revenue purchased a new stake in Apple during the second quarter worth about $149,000. Portfolio Solutions LLC purchased a new stake in Apple during the first quarter worth about $169,000. Finally, D. Scott Neal Inc. increased its holdings in Apple by 19.8% during the second quarter. D. Scott Neal Inc. now owns 1,212 shares of the iPhone maker’s stock worth $175,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 60.35% of the company’s stock.
In other Apple news, Director Arthur D. Levinson sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $157.58, for a total value of $5,515,300.00. Following the completion of the sale, the director now directly owns 1,168,283 shares in the company, valued at $184,098,035.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 268,623 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $160.63, for a total value of $43,148,912.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 432,930 shares of company stock valued at $69,008,577. Insiders own 0.08% of the company’s stock.
AAPL has been the subject of a number of research analyst reports. Oppenheimer Holdings, Inc. restated a “” rating on shares of Apple in a report on Thursday, August 10th. Robert W. Baird restated a “buy” rating and set a $160.00 price objective on shares of Apple in a report on Friday, June 2nd. ValuEngine upgraded shares of Apple from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Guggenheim restated a “buy” rating and set a $180.00 price objective on shares of Apple in a report on Thursday, June 1st. Finally, Longbow Research restated a “buy” rating on shares of Apple in a report on Thursday, June 1st. Ten equities research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $188.37.
Shares of Apple Inc. (NASDAQ:AAPL) traded down 0.98% during trading on Friday, hitting $151.89. The stock had a trading volume of 46,645,443 shares. The firm’s 50-day moving average is $159.51 and its 200-day moving average is $149.86. The firm has a market cap of $784.55 billion, a P/E ratio of 17.24 and a beta of 1.27. Apple Inc. has a one year low of $104.08 and a one year high of $164.94.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.10. The business had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.42 earnings per share. Equities research analysts forecast that Apple Inc. will post $9.01 EPS for the current year.
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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