Apple Inc. (AAPL) Stake Decreased by Lodestar Investment Counsel LLC IL

Lodestar Investment Counsel LLC IL trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 179,035 shares of the iPhone maker’s stock after selling 1,678 shares during the quarter. Apple accounts for approximately 3.3% of Lodestar Investment Counsel LLC IL’s holdings, making the stock its 4th largest position. Lodestar Investment Counsel LLC IL’s holdings in Apple were worth $25,785,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Hefty Wealth Partners lifted its holdings in shares of Apple by 27.6% during the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 174 shares during the period. American Beacon Advisors Inc. bought a new position in shares of Apple during the 1st quarter valued at $117,000. State of Alaska Department of Revenue bought a new position in shares of Apple during the 2nd quarter valued at $149,000. Portfolio Solutions LLC bought a new position in shares of Apple during the 1st quarter valued at $169,000. Finally, D. Scott Neal Inc. lifted its holdings in shares of Apple by 19.8% during the 2nd quarter. D. Scott Neal Inc. now owns 1,212 shares of the iPhone maker’s stock valued at $175,000 after buying an additional 200 shares during the period. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

AAPL has been the topic of several research analyst reports. UBS AG reissued a “buy” rating and set a $170.00 price target on shares of Apple in a report on Monday, July 31st. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $140.00 target price on shares of Apple in a report on Saturday, July 22nd. KeyCorp reaffirmed an “equal weight” rating on shares of Apple in a report on Friday, August 4th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $170.00 target price on shares of Apple in a report on Wednesday, June 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $177.00 target price on shares of Apple in a report on Friday, June 16th. Nine investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $189.61.

In related news, insider Philip W. Schiller sold 56,808 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total value of $8,788,197.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela J. Ahrendts sold 63,388 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. Insiders sold a total of 541,177 shares of company stock valued at $85,864,804 in the last quarter. 0.08% of the stock is currently owned by insiders.

Shares of Apple Inc. (NASDAQ:AAPL) traded up 0.18% during mid-day trading on Tuesday, hitting $156.12. 9,857,645 shares of the stock traded hands. The stock has a market cap of $806.40 billion, a P/E ratio of 17.72 and a beta of 1.27. The firm’s 50 day moving average price is $157.95 and its 200-day moving average price is $151.28. Apple Inc. has a 12-month low of $104.08 and a 12-month high of $164.94.

Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.10. The firm had revenue of $45.41 billion during the quarter, compared to analyst estimates of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. Apple’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 EPS. Analysts predict that Apple Inc. will post $9.01 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This report was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/10/apple-inc-aapl-stake-decreased-by-lodestar-investment-counsel-llc-il.html.

About Apple

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 digit

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Hefty Wealth Partners lifted its holdings in shares of Apple by 27.6% during the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 174 shares during the period. American Beacon Advisors Inc. bought a new position in shares of Apple during the 1st quarter valued at $117,000. State of Alaska Department of Revenue bought a new position in shares of Apple during the 2nd quarter valued at $149,000. Portfolio Solutions LLC bought a new position in shares of Apple during the 1st quarter valued at $169,000. Finally, D. Scott Neal Inc. lifted its holdings in shares of Apple by 19.8% during the 2nd quarter. D. Scott Neal Inc. now owns 1,212 shares of the iPhone maker’s stock valued at $175,000 after buying an additional 200 shares during the period. 60.36% of the stock is currently owned by hedge funds and other institutional investors.

AAPL has been the topic of several research analyst reports. UBS AG reissued a “buy” rating and set a $170.00 price target on shares of Apple in a report on Monday, July 31st. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $140.00 target price on shares of Apple in a report on Saturday, July 22nd. KeyCorp reaffirmed an “equal weight” rating on shares of Apple in a report on Friday, August 4th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $170.00 target price on shares of Apple in a report on Wednesday, June 21st. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $177.00 target price on shares of Apple in a report on Friday, June 16th. Nine investment analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $189.61.

In related news, insider Philip W. Schiller sold 56,808 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total value of $8,788,197.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela J. Ahrendts sold 63,388 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. Insiders sold a total of 541,177 shares of company stock valued at $85,864,804 in the last quarter. 0.08% of the stock is currently owned by insiders.

Shares of Apple Inc. (NASDAQ:AAPL) traded up 0.18% during mid-day trading on Tuesday, hitting $156.12. 9,857,645 shares of the stock traded hands. The stock has a market cap of $806.40 billion, a P/E ratio of 17.72 and a beta of 1.27. The firm’s 50 day moving average price is $157.95 and its 200-day moving average price is $151.28. Apple Inc. has a 12-month low of $104.08 and a 12-month high of $164.94.

Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.10. The firm had revenue of $45.41 billion during the quarter, compared to analyst estimates of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. Apple’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 EPS. Analysts predict that Apple Inc. will post $9.01 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This report was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/10/apple-inc-aapl-stake-decreased-by-lodestar-investment-counsel-llc-il.html.

About Apple

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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