Diligent Investors LLC Has $5.06 Million Stake in Apple Inc. (AAPL)

Diligent Investors LLC reduced its position in Apple Inc. (NASDAQ:AAPL) by 1.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 27,323 shares of the iPhone maker’s stock after selling 362 shares during the period. Apple accounts for approximately 3.1% of Diligent Investors LLC’s investment portfolio, making the stock its 3rd largest holding. Diligent Investors LLC’s holdings in Apple were worth $5,058,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Trail Advisors LLC boosted its position in shares of Apple by 17,669.4% in the 1st quarter. Summit Trail Advisors LLC now owns 20,180,694 shares of the iPhone maker’s stock worth $20,181,000 after purchasing an additional 20,067,124 shares during the last quarter. Cornerstone Wealth Management LLC boosted its position in shares of Apple by 18,553.3% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 16,758,709 shares of the iPhone maker’s stock worth $89,526,000 after purchasing an additional 16,668,866 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Apple in the 1st quarter worth $830,026,000. SG Americas Securities LLC boosted its position in shares of Apple by 1,527.6% in the 1st quarter. SG Americas Securities LLC now owns 2,652,244 shares of the iPhone maker’s stock worth $444,993,000 after purchasing an additional 2,489,285 shares during the last quarter. Finally, Mackay Shields LLC bought a new position in shares of Apple in the 1st quarter worth $332,905,000. 58.51% of the stock is owned by institutional investors.

In other Apple news, CEO Timothy D. Cook sold 265,160 shares of Apple stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $217.79, for a total value of $57,749,196.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Angela J. Ahrendts sold 25,000 shares of Apple stock in a transaction dated Wednesday, October 3rd. The shares were sold at an average price of $232.66, for a total value of $5,816,500.00. Following the completion of the sale, the senior vice president now directly owns 105,538 shares in the company, valued at approximately $24,554,471.08. The disclosure for this sale can be found here. Insiders sold a total of 564,185 shares of company stock worth $124,444,213 in the last three months. Company insiders own 0.06% of the company’s stock.



Several research analysts have recently issued reports on the company. Goldman Sachs Group restated a “neutral” rating and issued a $240.00 price target on shares of Apple in a research report on Thursday. BidaskClub upgraded Apple from a “hold” rating to a “buy” rating in a research report on Wednesday. Rosenblatt Securities set a $200.00 price target on Apple and gave the stock a “buy” rating in a research report on Monday, October 22nd. Sanford C. Bernstein restated a “neutral” rating and issued a $200.00 price target on shares of Apple in a research report on Monday, October 22nd. Finally, Wedbush assumed coverage on Apple in a research report on Thursday, October 18th. They issued an “outperform” rating and a $310.00 price target on the stock. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and thirty-one have issued a buy rating to the company. Apple presently has an average rating of “Buy” and an average target price of $224.63.

AAPL opened at $216.30 on Friday. Apple Inc. has a 1 year low of $150.24 and a 1 year high of $233.47. The stock has a market capitalization of $1,084.53 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 1.69 and a beta of 1.36. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.24 and a current ratio of 1.31.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, July 31st. The iPhone maker reported $2.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.18 by $0.16. Apple had a return on equity of 43.50% and a net margin of 21.98%. The firm had revenue of $53.27 billion for the quarter, compared to the consensus estimate of $52.43 billion. During the same quarter last year, the business posted $1.67 EPS. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. On average, analysts expect that Apple Inc. will post 11.76 EPS for the current fiscal year.

Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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