Regentatlantic Capital LLC Cuts Holdings in Apple Inc. (AAPL)

Regentatlantic Capital LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 207,563 shares of the iPhone maker’s stock after selling 3,292 shares during the quarter. Apple comprises about 2.8% of Regentatlantic Capital LLC’s portfolio, making the stock its 2nd largest holding. Regentatlantic Capital LLC’s holdings in Apple were worth $31,990,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Stone House Investment Management LLC increased its stake in shares of Apple by 0.4% during the second quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock worth $226,000 after buying an additional 6 shares during the period. Jackson Grant Investment Advisers Inc. increased its stake in shares of Apple by 0.3% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock worth $782,000 after buying an additional 17 shares during the period. Lenox Wealth Advisors Inc. increased its stake in shares of Apple by 0.4% during the second quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock worth $716,000 after buying an additional 20 shares during the period. Karp Capital Management Corp increased its stake in shares of Apple by 1.6% during the second quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock worth $206,000 after buying an additional 22 shares during the period. Finally, Welch Investments LLC increased its stake in shares of Apple by 1.5% during the second quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock worth $231,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 60.17% of the company’s stock.

AAPL has been the subject of a number of research analyst reports. Citigroup reaffirmed a “buy” rating and issued a $200.00 price target on shares of Apple in a report on Wednesday, December 13th. Drexel Hamilton reaffirmed a “buy” rating and issued a $208.00 price target on shares of Apple in a report on Tuesday, October 24th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $200.00 price target (up from $196.00) on shares of Apple in a report on Tuesday, October 31st. Barclays set a $146.00 price target on Apple and gave the company a “neutral” rating in a report on Wednesday, September 13th. Finally, Vetr downgraded Apple from a “buy” rating to a “hold” rating and set a $171.48 price target for the company. in a report on Monday, October 30th. One investment 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. Apple presently has an average rating of “Buy” and a consensus price target of $198.70.

Shares of Apple Inc. (NASDAQ:AAPL) opened at $174.29 on Thursday. Apple Inc. has a 52 week low of $118.21 and a 52 week high of $177.20. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $894,860.00, a P/E ratio of 18.97, a PEG ratio of 1.43 and a beta of 1.23.

Apple (NASDAQ:AAPL) last released its quarterly earnings results 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. Apple had a return on equity of 36.29% and a net margin of 21.09%. The business had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. During the same quarter in the prior year, the business earned $1.50 earnings per share. The company’s quarterly revenue 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 other news, insider Daniel J. Riccio sold 15,641 shares of the company’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 transaction of $2,695,726.35. Following the completion of the sale, the insider now owns 39,682 shares in the company, valued at $6,839,192.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Johny Srouji sold 10,368 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $174.68, for a total value of $1,811,082.24. Following the completion of the transaction, the insider now owns 81,560 shares of the company’s stock, valued at approximately $14,246,900.80. The disclosure for this sale can be found here. Insiders have sold 128,412 shares of company stock valued at $22,115,155 in the last 90 days. Company insiders own 0.06% of the company’s stock.

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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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