West Coast Financial LLC Has $11.57 Million Stake in Apple (AAPL)

West Coast Financial LLC cut its stake in shares of Apple (NASDAQ:AAPL) by 20.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 68,366 shares of the iPhone maker’s stock after selling 18,116 shares during the quarter. Apple makes up approximately 3.3% of West Coast Financial LLC’s portfolio, making the stock its 3rd largest holding. West Coast Financial LLC’s holdings in Apple were worth $11,570,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in AAPL. Beach Investment Management LLC. raised its position in shares of Apple by 1,517.7% during the second quarter. Beach Investment Management LLC. now owns 178,109 shares of the iPhone maker’s stock worth $25,651,000 after purchasing an additional 167,099 shares during the period. Catalyst Capital Advisors LLC raised its position in shares of Apple by 39.8% during the second quarter. Catalyst Capital Advisors LLC now owns 69,900 shares of the iPhone maker’s stock worth $10,067,000 after purchasing an additional 19,900 shares during the period. IFC Holdings Incorporated FL raised its position in shares of Apple by 1.1% during the second quarter. IFC Holdings Incorporated FL now owns 85,072 shares of the iPhone maker’s stock worth $12,224,000 after purchasing an additional 885 shares during the period. Wedbush Securities Inc. raised its position in shares of Apple by 3.6% during the second quarter. Wedbush Securities Inc. now owns 156,649 shares of the iPhone maker’s stock worth $22,561,000 after purchasing an additional 5,435 shares during the period. Finally, Berkeley Capital Partners LLC raised its position in shares of Apple by 0.6% during the second quarter. Berkeley Capital Partners LLC now owns 4,369 shares of the iPhone maker’s stock worth $629,000 after purchasing an additional 26 shares during the period. 61.36% of the stock is currently owned by institutional investors.

Apple stock opened at $172.44 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $879,072.81, a price-to-earnings ratio of 18.72, a PEG ratio of 1.31 and a beta of 1.25. Apple has a 12 month low of $140.45 and a 12 month high of $183.50.



Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, beating the consensus estimate of $3.82 by $0.07. The firm had revenue of $88.29 billion during the quarter, compared to analysts’ expectations of $87.62 billion. Apple had a return on equity of 37.37% and a net margin of 21.13%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.36 EPS. analysts expect that Apple will post 11.37 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on the company. Vetr lowered Apple from a “strong-buy” rating to a “buy” rating and set a $187.18 target price on the stock. in a research report on Wednesday, February 14th. Zacks Investment Research raised Apple from a “hold” rating to a “buy” rating and set a $197.00 price target on the stock in a research report on Thursday, January 18th. Rosenblatt Securities reissued a “buy” rating and set a $180.00 price target on shares of Apple in a research report on Friday, March 16th. Monness Crespi & Hardt assumed coverage on Apple in a research report on Wednesday. They set a “buy” rating and a $235.00 price target on the stock. Finally, Piper Jaffray reissued a “buy” rating and set a $200.00 price target on shares of Apple in a research report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $203.21.

In other Apple news, insider Philip W. Schiller sold 69,491 shares of the company’s stock in a transaction that occurred on Tuesday, April 3rd. The stock was sold at an average price of $166.42, for a total value of $11,564,692.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Daniel J. Riccio sold 17,375 shares of the company’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $169.12, for a total value of $2,938,460.00. Following the completion of the transaction, the senior vice president now directly owns 66,191 shares of the company’s stock, valued at approximately $11,194,221.92. The disclosure for this sale can be found here. Corporate insiders own 0.08% 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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