HM Capital Management LLC Reduces Position in Apple Inc. (AAPL)

HM Capital Management LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 10.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,294 shares of the iPhone maker’s stock after selling 370 shares during the period. Apple accounts for approximately 0.4% of HM Capital Management LLC’s investment portfolio, making the stock its 20th biggest position. HM Capital Management LLC’s holdings in Apple were worth $508,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Berkshire Hathaway Inc. grew its stake in shares of Apple by 0.6% in the 2nd quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock valued at $18,750,246,000 after buying an additional 834,854 shares during the period. Capital Research Global Investors grew its stake in shares of Apple by 15.0% in the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after buying an additional 3,845,363 shares during the period. Legal & General Group Plc grew its stake in shares of Apple by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock valued at $3,759,849,000 after buying an additional 771,046 shares during the period. Janus Henderson Group PLC grew its stake in shares of Apple by 301.3% in the 2nd quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after buying an additional 15,018,790 shares during the period. Finally, Swiss National Bank grew its stake in shares of Apple by 1.5% in the 2nd quarter. Swiss National Bank now owns 19,169,416 shares of the iPhone maker’s stock valued at $2,760,779,000 after buying an additional 275,400 shares during the period. 59.61% of the stock is owned by institutional investors.

Shares of Apple Inc. (NASDAQ AAPL) opened at $172.23 on Thursday. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. Apple Inc. has a 52 week low of $115.75 and a 52 week high of $177.20. The company has a market cap of $884,280.00, a PE ratio of 18.74, a P/E/G ratio of 1.41 and a beta of 1.23.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The firm had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. During the same quarter last year, the business earned $1.50 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. research analysts forecast that Apple Inc. will post 11.18 EPS for the current fiscal year.

In related news, SVP Johny Srouji sold 5,760 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total value of $1,004,544.00. Following the completion of the sale, the senior vice president now owns 81,560 shares in the company, valued at $14,224,064. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total transaction of $2,695,726.35. Following the completion of the sale, the insider now owns 39,682 shares of the company’s stock, valued at approximately $6,839,192.70. The disclosure for this sale can be found here. Insiders sold 112,771 shares of company stock valued at $19,381,421 in the last quarter. Company insiders own 0.08% of the company’s stock.

AAPL has been the topic of several recent analyst reports. ValuEngine upgraded shares of Apple from a “hold” rating to a “buy” rating in a report on Sunday. BMO Capital Markets restated a “buy” rating and issued a $199.00 price objective on shares of Apple in a report on Wednesday, December 20th. Rosenblatt Securities set a $180.00 price objective on shares of Apple and gave the stock a “buy” rating in a report on Tuesday, December 26th. Piper Jaffray Companies restated a “buy” rating and issued a $200.00 price objective on shares of Apple in a report on Tuesday. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $195.00 price objective on shares of Apple in a report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $198.70.

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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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