Apple Inc. (AAPL) Stake Lowered by Perigon Wealth Management LLC

Perigon Wealth Management LLC decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 7.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,146 shares of the iPhone maker’s stock after selling 10,784 shares during the quarter. Apple comprises 4.3% of Perigon Wealth Management LLC’s holdings, making the stock its largest holding. Perigon Wealth Management LLC’s holdings in Apple were worth $19,608,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Blue Sky Asset Management LLC bought a new stake in Apple during the second quarter worth $108,000. Hefty Wealth Partners grew its holdings in Apple by 27.6% during the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after buying an additional 174 shares in the last quarter. FNY Managed Accounts LLC grew its holdings in Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after buying an additional 716 shares in the last quarter. Private Vista LLC bought a new stake in Apple during the second quarter worth $122,000. Finally, Armbruster Capital Management Inc. grew its holdings in Apple by 9.4% during the second quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after buying an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 59.78% of the company’s stock.

In related news, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $169.69, for a total transaction of $2,654,121.29. Following the sale, the insider now owns 17,341 shares of the company’s stock, valued at approximately $2,942,594.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Johny Srouji sold 5,760 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total value of $1,004,544.00. Following the sale, the senior vice president now directly owns 81,560 shares in the company, valued at approximately $14,224,064. The disclosure for this sale can be found here. Insiders have sold a total of 232,967 shares of company stock worth $37,944,683 in the last three months. 0.08% of the stock is currently owned by insiders.

Several equities research analysts recently issued reports on AAPL shares. Robert W. Baird reiterated a “buy” rating and set a $172.00 price target on shares of Apple in a report on Tuesday, September 5th. Drexel Hamilton restated a “buy” rating and issued a $208.00 price objective on shares of Apple in a research note on Thursday, August 24th. Canaccord Genuity restated a “buy” rating and issued a $180.00 price objective on shares of Apple in a research note on Tuesday, August 22nd. UBS restated a “buy” rating and issued a $180.00 price objective on shares of Apple in a research note on Tuesday, August 29th. Finally, Cleveland Research upgraded Apple from a “neutral” rating to a “buy” rating and set a $197.00 price objective for the company in a research note on Tuesday, August 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $197.57.

Shares of Apple Inc. (NASDAQ AAPL) opened at $173.97 on Monday. The stock has a market capitalization of $893,216.25, a PE ratio of 18.91, a P/E/G ratio of 1.39 and a beta of 1.22. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. Apple Inc. has a 1-year low of $114.76 and a 1-year high of $176.24.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.20. The business had revenue of $52.58 billion for the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.50 EPS. analysts expect that Apple Inc. will post 11.18 earnings per share for the current fiscal year.

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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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