Curbstone Financial Management Corp decreased its position in shares of Apple (NASDAQ:AAPL) by 51.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,868 shares of the iPhone maker’s stock after selling 24,264 shares during the quarter. Apple comprises approximately 2.1% of Curbstone Financial Management Corp’s investment portfolio, making the stock its 6th biggest holding. Curbstone Financial Management Corp’s holdings in Apple were worth $3,870,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in AAPL. Blue Sky Asset Management LLC bought a new position in Apple in the second quarter valued at approximately $108,000. FNY Managed Accounts LLC lifted its stake in Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 716 shares in the last quarter. Private Vista LLC bought a new position in Apple in the second quarter valued at approximately $122,000. Crow Point Partners LLC lifted its stake in Apple by 100.0% in the third quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock valued at $153,000 after buying an additional 500 shares in the last quarter. Finally, Reaves W H & Co. Inc. bought a new stake in shares of Apple in the second quarter worth $200,000. 61.33% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently commented on AAPL shares. Vetr lowered shares of Apple from a “buy” rating to a “hold” rating and set a $178.70 price objective on the stock. in a research report on Thursday, November 23rd. Nomura set a $185.00 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Monday, November 27th. UBS set a $190.00 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Monday, November 27th. Tigress Financial reissued a “strong-buy” rating on shares of Apple in a research report on Wednesday, December 6th. Finally, KeyCorp reissued a “buy” rating and issued a $192.00 price objective on shares of Apple in a research report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $201.53.
Shares of AAPL stock opened at $175.24 on Wednesday. Apple has a 52-week low of $138.62 and a 52-week high of $183.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. The firm has a market cap of $889,474.50, a PE ratio of 18.02, a P/E/G ratio of 1.32 and a beta of 1.19.
Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.82 by $0.07. Apple had a net margin of 21.13% and a return on equity of 37.37%. The business had revenue of $88.29 billion during the quarter, compared to analysts’ expectations of $87.62 billion. During the same quarter in the prior year, the business posted $3.36 earnings per share. Apple’s revenue was up 12.7% compared to the same quarter last year. analysts expect that Apple will post 11.43 EPS for the current fiscal year.
In related news, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the completion of the sale, the insider now owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.06% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Curbstone Financial Management Corp Sells 24,264 Shares of Apple (AAPL)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://ledgergazette.com/2018/03/21/curbstone-financial-management-corp-sells-24264-shares-of-apple-aapl.html.
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.
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.