RPg Family Wealth Advisory LLC reduced its position in Apple Inc. (NASDAQ:AAPL) by 30.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,325 shares of the iPhone maker’s stock after selling 12,141 shares during the quarter. Apple makes up approximately 3.2% of RPg Family Wealth Advisory LLC’s portfolio, making the stock its 5th biggest position. RPg Family Wealth Advisory LLC’s holdings in Apple were worth $5,408,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Centaurus Financial Inc. lifted its stake in Apple by 17.9% during the first quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock worth $44,000 after purchasing an additional 1,262 shares during the last quarter. Semmax Financial Advisors Inc. acquired a new position in shares of Apple in the fourth quarter valued at approximately $50,000. Avondale Wealth Management increased its holdings in shares of Apple by 25.4% in the second quarter. Avondale Wealth Management now owns 316 shares of the iPhone maker’s stock valued at $63,000 after purchasing an additional 64 shares during the period. NuWave Investment Management LLC increased its holdings in shares of Apple by 2,245.0% in the second quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker’s stock valued at $93,000 after purchasing an additional 449 shares during the period. Finally, Horan Securities Inc. grew its holdings in Apple by 64.2% during the second quarter. Horan Securities Inc. now owns 565 shares of the iPhone maker’s stock worth $112,000 after acquiring an additional 221 shares during the period. Institutional investors and hedge funds own 58.63% of the company’s stock.
NASDAQ:AAPL traded up $1.00 during trading hours on Monday, hitting $218.73. 6,169,244 shares of the stock traded hands, compared to its average volume of 25,114,450. The company has a market cap of $998.56 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 1.82 and a beta of 1.24. The company has a quick ratio of 1.47, a current ratio of 1.50 and a debt-to-equity ratio of 0.88. Apple Inc. has a 1 year low of $142.00 and a 1 year high of $233.47. The stock has a 50 day moving average price of $208.80 and a 200 day moving average price of $198.30.
A number of analysts have commented on AAPL shares. BidaskClub upgraded Apple from a “hold” rating to a “buy” rating in a research report on Wednesday, August 14th. Maxim Group lowered their target price on Apple from $211.00 to $204.00 and set a “hold” rating for the company in a research note on Wednesday, September 11th. Daiwa Capital Markets set a $223.00 price target on Apple and gave the company a “buy” rating in a report on Wednesday, August 7th. Piper Jaffray Companies set a $243.00 price target on Apple and gave the stock a “buy” rating in a report on Tuesday, September 10th. Finally, Monness Crespi & Hardt restated a “buy” rating and issued a $265.00 target price (up from $245.00) on shares of Apple in a research report on Wednesday, July 31st. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the company. Apple currently has an average rating of “Hold” and an average price target of $218.08.
In other Apple news, Director Arthur D. Levinson sold 17,500 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $214.02, for a total value of $3,745,350.00. Following the sale, the director now owns 1,150,783 shares in the company, valued at approximately $246,290,577.66. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Timothy D. Cook sold 265,160 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $206.17, for a total value of $54,668,037.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 304,536 shares of company stock valued at $62,894,611. Insiders own 0.05% of the company’s stock.
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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