WS Management Lllp Sells 44,304 Shares of Apple Inc. (NASDAQ:AAPL)

WS Management Lllp decreased its position in Apple Inc. (NASDAQ:AAPL) by 27.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 114,264 shares of the iPhone maker’s stock after selling 44,304 shares during the period. Apple comprises approximately 1.5% of WS Management Lllp’s portfolio, making the stock its 15th biggest holding. WS Management Lllp’s holdings in Apple were worth $22,615,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Monument Capital Management lifted its position in Apple by 2.2% during the second quarter. Monument Capital Management now owns 2,438 shares of the iPhone maker’s stock valued at $491,000 after buying an additional 53 shares during the period. Pictet North America Advisors SA lifted its position in Apple by 3.3% during the second quarter. Pictet North America Advisors SA now owns 131,021 shares of the iPhone maker’s stock valued at $25,932,000 after buying an additional 4,170 shares during the period. Rockland Trust Co. lifted its position in Apple by 4.8% during the second quarter. Rockland Trust Co. now owns 20,618 shares of the iPhone maker’s stock valued at $4,081,000 after buying an additional 948 shares during the period. Fiera Capital Corp lifted its position in Apple by 2.0% during the second quarter. Fiera Capital Corp now owns 478,731 shares of the iPhone maker’s stock valued at $94,749,000 after buying an additional 9,473 shares during the period. Finally, Independent Advisor Alliance lifted its position in Apple by 16.9% during the second quarter. Independent Advisor Alliance now owns 207,368 shares of the iPhone maker’s stock valued at $37,831,000 after buying an additional 30,000 shares during the period. Hedge funds and other institutional investors own 58.63% of the company’s stock.

Shares of NASDAQ:AAPL traded up $0.56 during mid-day trading on Tuesday, reaching $219.28. 11,906,545 shares of the company traded hands, compared to its average volume of 25,669,308. The company’s 50 day moving average price is $209.55 and its 200-day moving average price is $198.94. The firm has a market cap of $984.91 billion, a PE ratio of 18.41, a PEG ratio of 1.79 and a beta of 1.24. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.50 and a quick ratio of 1.47. Apple Inc. has a 52 week low of $142.00 and a 52 week high of $233.47.



Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.10 by $0.08. Apple had a return on equity of 52.13% and a net margin of 21.50%. The company had revenue of $53.81 billion during the quarter, compared to the consensus estimate of $53.39 billion. During the same period in the previous year, the company posted $2.34 EPS. The firm’s revenue was up 1.0% on a year-over-year basis. On average, research analysts predict that Apple Inc. will post 11.69 earnings per share for the current fiscal year.

In related news, CEO Timothy D. Cook sold 265,160 shares of the business’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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Chris Kondo sold 4,376 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $217.47, for a total value of $951,648.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 304,536 shares of company stock worth $62,894,611. 0.05% of the stock is owned by insiders.

Several equities analysts have commented on AAPL shares. Credit Suisse Group set a $209.00 price objective on Apple and gave the company a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. set a $243.00 price objective on Apple and gave the company a “buy” rating in a research report on Monday, August 26th. New Street Research set a $155.00 price objective on Apple and gave the company a “sell” rating in a research report on Tuesday, September 10th. Bank of America reissued a “buy” rating and set a $250.00 price objective (up previously from $240.00) on shares of Apple in a research report on Wednesday, September 11th. Finally, Jefferies Financial Group raised Apple from a “hold” rating to a “buy” rating and set a $260.00 price objective for the company in a research report on Tuesday. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Apple presently has an average rating of “Hold” and an average target price of $219.47.

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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