Apple Inc. (AAPL) is Cascade Investment Advisors Inc.’s 8th Largest Position

Cascade Investment Advisors Inc. decreased its position in Apple Inc. (NASDAQ:AAPL) by 9.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,433 shares of the iPhone maker’s stock after selling 1,475 shares during the period. Apple accounts for 1.6% of Cascade Investment Advisors Inc.’s investment portfolio, making the stock its 8th biggest holding. Cascade Investment Advisors Inc.’s holdings in Apple were worth $1,935,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Schwab Charles Investment Management Inc. increased its stake in Apple by 2.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 17,637,648 shares of the iPhone maker’s stock valued at $2,533,825,000 after buying an additional 471,057 shares during the last quarter. Fisher Asset Management LLC increased its stake in Apple by 1.2% in the 1st quarter. Fisher Asset Management LLC now owns 11,638,395 shares of the iPhone maker’s stock valued at $1,671,972,000 after buying an additional 140,368 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Apple by 23.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock valued at $1,334,527,000 after buying an additional 1,749,797 shares during the last quarter. Sanders Capital LLC increased its stake in Apple by 1.2% in the 1st quarter. Sanders Capital LLC now owns 8,007,685 shares of the iPhone maker’s stock valued at $1,177,522,000 after buying an additional 91,860 shares during the last quarter. Finally, Clearbridge Investments LLC increased its stake in Apple by 1.2% in the 1st quarter. Clearbridge Investments LLC now owns 6,815,812 shares of the iPhone maker’s stock valued at $979,160,000 after buying an additional 82,453 shares during the last quarter. Hedge funds and other institutional investors own 60.33% of the company’s stock.

Apple Inc. (NASDAQ AAPL) traded up 0.85% during trading on Friday, reaching $157.30. The company had a trading volume of 8,517,358 shares. Apple Inc. has a 12 month low of $104.08 and a 12 month high of $164.94. The company has a market capitalization of $812.49 billion, a P/E ratio of 17.86 and a beta of 1.27. The stock has a 50 day moving average of $157.31 and a 200-day moving average of $152.01.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.10. The company 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 firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.42 EPS. Equities research analysts expect that Apple Inc. will post $9.01 EPS for the current fiscal year.

Several equities research analysts have commented on the stock. Vetr upgraded shares of Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 price objective for the company in a research note on Friday, September 22nd. Rosenblatt Securities restated a “hold” rating and set a $150.00 price target on shares of Apple in a research note on Sunday, October 15th. Nomura restated a “buy” rating and set a $165.00 price target on shares of Apple in a research note on Wednesday, July 5th. Bank of America Corporation restated a “buy” rating and set a $180.00 price target on shares of Apple in a research note on Tuesday, September 26th. Finally, Pacific Crest upgraded shares of Apple from a “sector weight” rating to an “overweight” rating and set a $187.00 price target for the company in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $190.67.

TRADEMARK VIOLATION NOTICE: This article was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://ledgergazette.com/2017/10/20/apple-inc-aapl-is-cascade-investment-advisors-inc-s-8th-largest-position.html.

In related news, insider Angela J. Ahrendts sold 63,388 shares of the stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 268,623 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were 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

A number of other large investors have also recently bought and sold shares of the business. Schwab Charles Investment Management Inc. increased its stake in Apple by 2.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 17,637,648 shares of the iPhone maker’s stock valued at $2,533,825,000 after buying an additional 471,057 shares during the last quarter. Fisher Asset Management LLC increased its stake in Apple by 1.2% in the 1st quarter. Fisher Asset Management LLC now owns 11,638,395 shares of the iPhone maker’s stock valued at $1,671,972,000 after buying an additional 140,368 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Apple by 23.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock valued at $1,334,527,000 after buying an additional 1,749,797 shares during the last quarter. Sanders Capital LLC increased its stake in Apple by 1.2% in the 1st quarter. Sanders Capital LLC now owns 8,007,685 shares of the iPhone maker’s stock valued at $1,177,522,000 after buying an additional 91,860 shares during the last quarter. Finally, Clearbridge Investments LLC increased its stake in Apple by 1.2% in the 1st quarter. Clearbridge Investments LLC now owns 6,815,812 shares of the iPhone maker’s stock valued at $979,160,000 after buying an additional 82,453 shares during the last quarter. Hedge funds and other institutional investors own 60.33% of the company’s stock.

Apple Inc. (NASDAQ AAPL) traded up 0.85% during trading on Friday, reaching $157.30. The company had a trading volume of 8,517,358 shares. Apple Inc. has a 12 month low of $104.08 and a 12 month high of $164.94. The company has a market capitalization of $812.49 billion, a P/E ratio of 17.86 and a beta of 1.27. The stock has a 50 day moving average of $157.31 and a 200-day moving average of $152.01.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.10. The company 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 firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.42 EPS. Equities research analysts expect that Apple Inc. will post $9.01 EPS for the current fiscal year.

Several equities research analysts have commented on the stock. Vetr upgraded shares of Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 price objective for the company in a research note on Friday, September 22nd. Rosenblatt Securities restated a “hold” rating and set a $150.00 price target on shares of Apple in a research note on Sunday, October 15th. Nomura restated a “buy” rating and set a $165.00 price target on shares of Apple in a research note on Wednesday, July 5th. Bank of America Corporation restated a “buy” rating and set a $180.00 price target on shares of Apple in a research note on Tuesday, September 26th. Finally, Pacific Crest upgraded shares of Apple from a “sector weight” rating to an “overweight” rating and set a $187.00 price target for the company in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $190.67.

TRADEMARK VIOLATION NOTICE: This article was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://ledgergazette.com/2017/10/20/apple-inc-aapl-is-cascade-investment-advisors-inc-s-8th-largest-position.html.

In related news, insider Angela J. Ahrendts sold 63,388 shares of the stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 268,623 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were 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. In the last quarter, insiders have sold 541,177 shares of company stock valued at $85,864,804. 0.08% of the stock is currently owned by corporate insiders.

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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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