Intellectus Partners LLC Sells 203 Shares of Apple Inc. (NASDAQ:AAPL)

Intellectus Partners LLC trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,746 shares of the iPhone maker’s stock after selling 203 shares during the period. Apple accounts for 1.3% of Intellectus Partners LLC’s portfolio, making the stock its 15th largest position. Intellectus Partners LLC’s holdings in Apple were worth $2,855,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. Affiance Financial LLC increased its position in Apple by 9.9% during the 3rd quarter. Affiance Financial LLC now owns 13,455 shares of the iPhone maker’s stock valued at $3,014,000 after buying an additional 1,210 shares in the last quarter. Buffington Mohr McNeal increased its position in Apple by 2.5% during the 3rd quarter. Buffington Mohr McNeal now owns 8,222 shares of the iPhone maker’s stock valued at $1,842,000 after buying an additional 199 shares in the last quarter. Townsend & Associates Inc increased its position in Apple by 5.9% during the 3rd quarter. Townsend & Associates Inc now owns 6,748 shares of the iPhone maker’s stock valued at $1,514,000 after buying an additional 374 shares in the last quarter. Cypress Capital Group increased its position in Apple by 7.8% during the 3rd quarter. Cypress Capital Group now owns 65,986 shares of the iPhone maker’s stock valued at $14,779,000 after buying an additional 4,789 shares in the last quarter. Finally, Accurate Investment Solutions Inc. increased its position in Apple by 7.8% during the 3rd quarter. Accurate Investment Solutions Inc. now owns 7,260 shares of the iPhone maker’s stock valued at $1,626,000 after buying an additional 524 shares in the last quarter. 58.63% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on AAPL. Sanford C. Bernstein set a $205.00 target price on Apple and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Macquarie set a $210.00 target price on Apple and gave the company a “hold” rating in a research report on Tuesday, September 10th. Raymond James raised Apple from a “market perform” rating to an “outperform” rating and set a $250.00 target price on the stock in a research report on Thursday, July 18th. Canaccord Genuity reaffirmed a “buy” rating and set a $260.00 target price (up from $240.00) on shares of Apple in a research report on Wednesday. Finally, UBS Group set a $235.00 target price on Apple and gave the company a “buy” rating in a research report on Thursday, September 26th. Three investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $223.22.

Shares of AAPL traded up $3.88 during mid-day trading on Friday, reaching $233.97. The company had a trading volume of 10,445,203 shares, compared to its average volume of 30,148,068. Apple Inc. has a 52-week low of $142.00 and a 52-week high of $229.93. The company has a quick ratio of 1.47, a current ratio of 1.50 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $1,039.82 billion, a P/E ratio of 19.64, a PEG ratio of 1.97 and a beta of 1.24. The stock has a 50 day moving average of $216.29 and a two-hundred day moving average of $202.42.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.08. The firm had revenue of $53.81 billion for the quarter, compared to the consensus estimate of $53.39 billion. Apple had a return on equity of 52.13% and a net margin of 21.50%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.34 earnings per share. On average, sell-side analysts expect that Apple Inc. will post 11.68 earnings per share for the current year.

In other Apple news, insider Chris Kondo sold 4,376 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $217.47, for a total transaction of $951,648.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Luca Maestri sold 61,659 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $228.38, for a total value of $14,081,682.42. Following the transaction, the chief financial officer now owns 85,507 shares in the company, valued at approximately $19,528,088.66. The disclosure for this sale can be found here. Insiders have sold 433,749 shares of company stock worth $91,773,322 in the last quarter. 0.05% of the stock is currently owned by company insiders.

Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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