Calamos Wealth Management LLC Has $21.47 Million Stake in Apple Inc. (AAPL)

Calamos Wealth Management LLC lessened its position in Apple Inc. (NASDAQ:AAPL) by 15.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 139,316 shares of the iPhone maker’s stock after selling 25,867 shares during the quarter. Apple makes up approximately 3.0% of Calamos Wealth Management LLC’s investment portfolio, making the stock its 3rd largest position. Calamos Wealth Management LLC’s holdings in Apple were worth $21,471,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Berkshire Hathaway Inc. raised its position in shares of Apple by 0.6% during the second quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock worth $18,750,246,000 after purchasing an additional 834,854 shares during the period. Capital Research Global Investors raised its position in shares of Apple by 15.0% during the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after purchasing an additional 3,845,363 shares during the period. Legal & General Group Plc raised its position in shares of Apple by 3.0% during the second quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock worth $3,759,849,000 after purchasing an additional 771,046 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Apple by 301.3% during the second 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 in the last quarter. Finally, Swiss National Bank grew its holdings in shares of Apple by 1.5% during the second 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 in the last quarter. 60.17% of the stock is currently owned by institutional investors.

In related news, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Johny Srouji sold 5,760 shares of the firm’s stock in a transaction on 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 128,412 shares of company stock worth $22,115,155 in the last ninety days. 0.06% of the stock is currently owned by company insiders.

A number of brokerages have recently weighed in on AAPL. Vetr upgraded Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 price target on the stock in a report on Friday, September 22nd. Rosenblatt Securities reiterated a “hold” rating and set a $150.00 price target on shares of Apple in a report on Sunday, October 15th. Citigroup reiterated a “buy” rating and set a $200.00 price target (up previously from $170.00) on shares of Apple in a report on Friday, November 3rd. They noted that the move was a valuation call. UBS Group set a $190.00 price target on Apple and gave the company a “buy” rating in a report on Monday, December 4th. Finally, Bank of America reiterated a “buy” rating and set a $180.00 price target on shares of Apple in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $198.70.

Shares of Apple Inc. (NASDAQ:AAPL) opened at $174.29 on Thursday. The company has a market capitalization of $894,860.00, a price-to-earnings ratio of 18.97, a P/E/G ratio of 1.43 and a beta of 1.23. Apple Inc. has a 12 month low of $118.21 and a 12 month high of $177.20. 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 (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.20. The business had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business 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 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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