Apple Inc. (AAPL) Position Trimmed by Academy Capital Management Inc. TX

Academy Capital Management Inc. TX trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,254 shares of the iPhone maker’s stock after selling 513 shares during the period. Apple accounts for approximately 2.9% of Academy Capital Management Inc. TX’s holdings, making the stock its 15th largest holding. Academy Capital Management Inc. TX’s holdings in Apple were worth $10,211,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Apple in the 2nd quarter valued at $400,000. Blue Sky Asset Management LLC acquired a new stake in shares of Apple in the 2nd quarter valued at $108,000. FNY Managed Accounts LLC increased its stake in shares of Apple by 852.4% in the 2nd 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 during the period. Hefty Wealth Partners increased its stake in shares of Apple by 27.6% in the 2nd 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. Finally, Armbruster Capital Management Inc. increased its stake in shares of Apple by 9.4% in the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after buying an additional 78 shares during the period. 59.62% of the stock is owned by hedge funds and other institutional investors.

Shares of Apple Inc. (NASDAQ AAPL) opened at $175.01 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. The stock has a market capitalization of $898,560.00, a P/E ratio of 19.04, a P/E/G ratio of 1.40 and a beta of 1.24. Apple Inc. has a 12 month low of $114.76 and a 12 month high of $177.20.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.20. The business had revenue of $52.58 billion during 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 revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.50 earnings per share. research analysts predict that Apple Inc. will post 11.18 EPS for the current year.

In related news, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $172.35, for a total value of $2,695,726.35. Following the completion of the sale, the insider now directly owns 39,682 shares in the company, valued at $6,839,192.70. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Angela J. Ahrendts sold 63,388 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $154.21, for a total value of $9,775,063.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 232,967 shares of company stock valued at $37,944,683. 0.08% of the stock is currently owned by corporate insiders.

AAPL has been the topic of several recent research reports. Cleveland Research upgraded Apple from a “neutral” rating to a “buy” rating and set a $197.00 price target on the stock in a research report on Tuesday, August 29th. Drexel Hamilton restated a “buy” rating and issued a $208.00 price target on shares of Apple in a research report on Tuesday, October 24th. Piper Jaffray Companies restated a “buy” rating and issued a $200.00 price target (up from $196.00) on shares of Apple in a research report on Tuesday, October 31st. Barclays set a $146.00 price target on Apple and gave the stock a “neutral” rating in a research report on Wednesday, September 13th. Finally, Vetr lowered Apple from a “buy” rating to a “hold” rating and set a $171.48 price target on the stock. in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the stock. Apple currently has a consensus rating of “Buy” and an average price target of $198.61.

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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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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