Bellecapital International Ltd. Trims Position in Apple Inc. (AAPL)

Bellecapital International Ltd. lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,870 shares of the iPhone maker’s stock after selling 1,545 shares during the quarter. Apple makes up approximately 5.2% of Bellecapital International Ltd.’s portfolio, making the stock its 5th largest holding. Bellecapital International Ltd.’s holdings in Apple were worth $5,886,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hefty Wealth Partners grew its position in Apple by 27.6% during the second 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 Apple during the first quarter valued at about $117,000. State of Alaska Department of Revenue bought a new position in Apple during the second quarter valued at about $149,000. D. Scott Neal Inc. grew its position in Apple by 19.8% during the second 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. Finally, Advocacy Wealth Management Services LLC grew its position in Apple by 4.0% during the second quarter. Advocacy Wealth Management Services LLC now owns 1,337 shares of the iPhone maker’s stock valued at $193,000 after buying an additional 52 shares during the period. Institutional investors own 60.33% of the company’s stock.

AAPL has been the subject of several research reports. UBS AG restated a “buy” rating and set a $170.00 price target on shares of Apple in a research report on Monday, July 31st. Wells Fargo & Company restated a “market perform” rating and set a $140.00 price target on shares of Apple in a research report on Saturday, July 22nd. KeyCorp restated an “equal weight” rating on shares of Apple in a research report on Friday, August 4th. Morgan Stanley increased their price target on shares of Apple from $177.00 to $182.00 and gave the company an “overweight” rating in a research report on Monday, July 17th. Finally, Barclays PLC restated a “hold” rating and set a $146.00 price target on shares of Apple in a research report on Monday, September 4th. Seven investment analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $190.67.

TRADEMARK VIOLATION WARNING: “Bellecapital International Ltd. Trims Position in Apple Inc. (AAPL)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://ledgergazette.com/2017/10/22/bellecapital-international-ltd-trims-position-in-apple-inc-aapl.html.

Shares of Apple Inc. (NASDAQ AAPL) opened at 156.25 on Friday. The firm has a 50-day moving average price of $157.09 and a 200 day moving average price of $152.10. Apple Inc. has a one year low of $104.08 and a one year high of $164.94. The firm has a market capitalization of $807.07 billion, a price-to-earnings ratio of 17.74 and a beta of 1.27.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 EPS. Equities analysts forecast that Apple Inc. will post $9.01 earnings per share for the current fiscal year.

In other 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 available through the SEC website. Also, CEO Timothy D. Cook sold 268,623 shares of the 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 three months, insiders have sold 541,177 shares of company stock valued at $85,864,804. Company

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hefty Wealth Partners grew its position in Apple by 27.6% during the second 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 Apple during the first quarter valued at about $117,000. State of Alaska Department of Revenue bought a new position in Apple during the second quarter valued at about $149,000. D. Scott Neal Inc. grew its position in Apple by 19.8% during the second 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. Finally, Advocacy Wealth Management Services LLC grew its position in Apple by 4.0% during the second quarter. Advocacy Wealth Management Services LLC now owns 1,337 shares of the iPhone maker’s stock valued at $193,000 after buying an additional 52 shares during the period. Institutional investors own 60.33% of the company’s stock.

AAPL has been the subject of several research reports. UBS AG restated a “buy” rating and set a $170.00 price target on shares of Apple in a research report on Monday, July 31st. Wells Fargo & Company restated a “market perform” rating and set a $140.00 price target on shares of Apple in a research report on Saturday, July 22nd. KeyCorp restated an “equal weight” rating on shares of Apple in a research report on Friday, August 4th. Morgan Stanley increased their price target on shares of Apple from $177.00 to $182.00 and gave the company an “overweight” rating in a research report on Monday, July 17th. Finally, Barclays PLC restated a “hold” rating and set a $146.00 price target on shares of Apple in a research report on Monday, September 4th. Seven investment analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $190.67.

TRADEMARK VIOLATION WARNING: “Bellecapital International Ltd. Trims Position in Apple Inc. (AAPL)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://ledgergazette.com/2017/10/22/bellecapital-international-ltd-trims-position-in-apple-inc-aapl.html.

Shares of Apple Inc. (NASDAQ AAPL) opened at 156.25 on Friday. The firm has a 50-day moving average price of $157.09 and a 200 day moving average price of $152.10. Apple Inc. has a one year low of $104.08 and a one year high of $164.94. The firm has a market capitalization of $807.07 billion, a price-to-earnings ratio of 17.74 and a beta of 1.27.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 EPS. Equities analysts forecast that Apple Inc. will post $9.01 earnings per share for the current fiscal year.

In other 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 available through the SEC website. Also, CEO Timothy D. Cook sold 268,623 shares of the 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 three months, insiders have sold 541,177 shares of company stock valued at $85,864,804. Company insiders own 0.08% of the company’s stock.

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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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