Forte Capital LLC ADV lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 0.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,286 shares of the iPhone maker’s stock after selling 90 shares during the quarter. Apple makes up about 4.4% of Forte Capital LLC ADV’s investment portfolio, making the stock its 4th largest holding. Forte Capital LLC ADV’s holdings in Apple were worth $13,435,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in AAPL. Saratoga Research & Investment Management boosted its holdings in shares of Apple by 0.6% during the first quarter. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker’s stock valued at $95,840,000 after acquiring an additional 4,137 shares during the period. Pinnacle Bank acquired a new position in shares of Apple during the first quarter valued at $1,924,000. Green Square Capital LLC boosted its holdings in shares of Apple by 6.7% during the first quarter. Green Square Capital LLC now owns 87,456 shares of the iPhone maker’s stock valued at $12,564,000 after acquiring an additional 5,491 shares during the period. Nicolet Bankshares Inc. boosted its holdings in shares of Apple by 3.1% during the first quarter. Nicolet Bankshares Inc. now owns 27,684 shares of the iPhone maker’s stock valued at $3,977,000 after acquiring an additional 844 shares during the period. Finally, Jaffetilchin Investment Partners LLC boosted its holdings in shares of Apple by 2.0% during the first quarter. Jaffetilchin Investment Partners LLC now owns 43,345 shares of the iPhone maker’s stock valued at $6,227,000 after acquiring an additional 848 shares during the period. 60.36% of the stock is owned by hedge funds and other institutional investors.
Shares of Apple Inc. (AAPL) traded up 0.15% during trading on Tuesday, hitting $156.07. The stock had a trading volume of 9,521,623 shares. The firm’s 50 day moving average is $157.95 and its 200 day moving average is $151.28. Apple Inc. has a 1-year low of $104.08 and a 1-year high of $164.94. The company has a market cap of $806.14 billion, a PE ratio of 17.72 and a beta of 1.27.
Several brokerages have recently issued reports on AAPL. Drexel Hamilton reissued a “buy” rating and set a $208.00 price target on shares of Apple in a report on Monday. UBS AG reissued a “buy” rating and set a $180.00 price target on shares of Apple in a report on Monday. Vetr downgraded shares of Apple from a “strong-buy” rating to a “buy” rating and set a $173.47 price target for the company. in a report on Friday. Robert W. Baird reissued a “buy” rating and set a $175.00 price target (up previously from $172.00) on shares of Apple in a report on Wednesday, October 4th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $180.00 price target on shares of Apple in a report on Tuesday, October 3rd. Nine investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $189.61.
ILLEGAL ACTIVITY NOTICE: This news story was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://www.com-unik.info/2017/10/10/apple-inc-aapl-is-forte-capital-llc-advs-4th-largest-position.html.
In other news, CEO Timothy D. Cook sold 268,623 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $160.63, for a total transaction of $43,148,912.49. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Philip W. Schiller sold 56,808 shares of the firm’s 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 disclosure for this sale can be found here. Insiders have sold 541,177 shares of company stock worth $85,864,804 over the last ninety days. 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.
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).
What are top analysts saying about Apple Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Apple Inc. and related companies.