Apple Inc. (NASDAQ:AAPL) is Gillespie Robinson & Grimm Inc.’s Largest Position

Gillespie Robinson & Grimm Inc. trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 1.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 177,003 shares of the iPhone maker’s stock after selling 3,268 shares during the period. Apple accounts for approximately 4.8% of Gillespie Robinson & Grimm Inc.’s portfolio, making the stock its largest position. Gillespie Robinson & Grimm Inc.’s holdings in Apple were worth $39,643,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AAPL. Monument Capital Management raised its stake in shares of Apple by 2.2% during the 2nd quarter. Monument Capital Management now owns 2,438 shares of the iPhone maker’s stock worth $491,000 after buying an additional 53 shares in the last quarter. Trinity Legacy Partners LLC raised its position in Apple by 66.8% in the second quarter. Trinity Legacy Partners LLC now owns 18,789 shares of the iPhone maker’s stock worth $3,776,000 after acquiring an additional 7,523 shares in the last quarter. Pictet North America Advisors SA increased its holdings in shares of Apple by 3.3% in the 2nd quarter. Pictet North America Advisors SA now owns 131,021 shares of the iPhone maker’s stock valued at $25,932,000 after purchasing an additional 4,170 shares in the last quarter. Capital Bank & Trust Co increased its holdings in shares of Apple by 0.4% in the 2nd quarter. Capital Bank & Trust Co now owns 621,074 shares of the iPhone maker’s stock valued at $122,994,000 after purchasing an additional 2,330 shares in the last quarter. Finally, Rockland Trust Co. increased its holdings in shares of Apple by 4.8% in the 2nd quarter. Rockland Trust Co. now owns 20,618 shares of the iPhone maker’s stock valued at $4,081,000 after purchasing an additional 948 shares in the last quarter. 58.63% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on AAPL. Cowen set a $250.00 price target on shares of Apple and gave the company a “buy” rating in a report on Wednesday, August 21st. ValuEngine cut shares of Apple from a “buy” rating to a “hold” rating in a report on Monday. Piper Jaffray Companies set a $243.00 target price on shares of Apple and gave the company a “buy” rating in a report on Monday, September 23rd. UBS Group set a $235.00 target price on shares of Apple and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, HSBC set a $190.00 target price on shares of Apple and gave the company a “sell” rating in a report on Thursday, September 26th. Three equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Apple has an average rating of “Buy” and a consensus target price of $222.68.



Apple stock traded up $2.37 during mid-day trading on Thursday, hitting $229.40. 9,506,817 shares of the company were exchanged, compared to its average volume of 30,272,828. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.50 and a quick ratio of 1.47. The business’s 50 day simple moving average is $215.93 and its two-hundred day simple moving average is $202.23. The company has a market capitalization of $1,038.55 billion, a P/E ratio of 19.26, a PEG ratio of 2.00 and a beta of 1.24. Apple Inc. has a 12-month low of $142.00 and a 12-month high of $229.93.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $53.39 billion. Apple had a return on equity of 52.13% and a net margin of 21.50%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.34 EPS. Equities research analysts predict that Apple Inc. will post 11.68 earnings per share for the current year.

In other Apple news, CFO Luca Maestri sold 61,659 shares of Apple stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $228.38, for a total value of $14,081,682.42. Following the completion of the sale, the chief financial officer now directly owns 85,507 shares of the company’s stock, valued at approximately $19,528,088.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 265,160 shares of Apple stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $206.17, for a total transaction of $54,668,037.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 433,749 shares of company stock valued at $91,773,322. 0.05% of the stock is currently owned by company insiders.

About Apple

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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