Terril Brothers Inc. Sells 2,693 Shares of Apple Inc. (AAPL)

Terril Brothers Inc. reduced its position in Apple Inc. (NASDAQ:AAPL) by 6.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 37,627 shares of the iPhone maker’s stock after selling 2,693 shares during the quarter. Apple comprises about 1.9% of Terril Brothers Inc.’s holdings, making the stock its 17th largest position. Terril Brothers Inc.’s holdings in Apple were worth $5,419,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. FC Advisory LLC grew its stake in shares of Apple by 0.4% during the 2nd quarter. FC Advisory LLC now owns 2,576 shares of the iPhone maker’s stock worth $371,000 after purchasing an additional 10 shares during the period. Lenox Wealth Advisors Inc. grew its stake in shares of Apple by 0.4% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock worth $716,000 after purchasing an additional 20 shares during the period. BerganKDV Wealth Management LLC grew its stake in shares of Apple by 0.4% during the 2nd quarter. BerganKDV Wealth Management LLC now owns 5,614 shares of the iPhone maker’s stock worth $809,000 after purchasing an additional 20 shares during the period. Sippican Capital Advisors grew its stake in shares of Apple by 0.5% during the 1st quarter. Sippican Capital Advisors now owns 4,912 shares of the iPhone maker’s stock worth $706,000 after purchasing an additional 26 shares during the period. Finally, Accurate Investment Solutions Inc. grew its stake in shares of Apple by 0.4% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 6,600 shares of the iPhone maker’s stock worth $951,000 after purchasing an additional 26 shares during the period. 60.33% of the stock is currently owned by institutional investors.

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In other news, insider Philip W. Schiller sold 56,808 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $154.70, for a total transaction of $8,788,197.60. The sale was disclosed in a document filed with the SEC, which is available at 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 ninety days, insiders sold 541,177 shares of company stock valued at $85,864,804. Insiders own 0.08% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $170.00 price target on shares of Apple in a research note on Tuesday, July 25th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $200.00 price target (up from $196.00) on shares of Apple in a research note on Tuesday. Zacks Investment Research raised shares of Apple from a “hold” rating to a “buy” rating and set a $187.00 price target on the stock in a research note on Tuesday. Nomura reaffirmed a “buy” rating and set a $165.00 price target on shares of Apple in a research note on Wednesday, July 5th. Finally, Barclays PLC reaffirmed a “hold” rating and set a $146.00 price target on shares of Apple in a research note on Tuesday, August 15th. Eight analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company’s stock. Apple currently has a consensus rating of “Buy” and an average target price of $193.36.

Apple Inc. (AAPL) opened at 169.04 on Wednesday. The firm has a 50-day moving average price of $157.08 and a 200 day moving average price of $153.07. Apple Inc. has a 12 month low of $104.08 and a 12 month high of $169.65. The company has a market capitalization of $873.13 billion, a P/E ratio of 19.19 and a beta of 1.27.

Apple (NASDAQ:AAPL) last released its quarterly earnings data 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. Apple had a return on equity of 35.40% and a net margin of 20.87%. The company had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. During the same period last year, the firm posted $1.42 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. Analysts expect that Apple Inc. will post $9.00 EPS for the current year.

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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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