Published: Sat, August 12, 2017
Hi-Tech | By Ellis Neal

Handelsbanken Fonder AB Lowers Position in Apple Inc. (AAPL)

Handelsbanken Fonder AB Lowers Position in Apple Inc. (AAPL)

Barrow Hanley Mewhinney And Strauss Llc invested 0.12% in Apple Inc.

Apple Inc. (AAPL) reported sales (ttm) of 223.51 Billion, whereas, 36 number of analysts estimated the mean sale of 44885.6 million. HighVista Strategies LLC's holdings in Apple were worth $4,669,000 as of its most recent SEC filing.

Large investors have recently made changes to their positions in the company. Caldwell & Orkin Inc. increased its position in Apple by 17.1% in the second quarter. Cim Investment Mangement Inc. now owns 40,347 shares of the iPhone maker's stock worth $4,673,000 after buying an additional 449 shares in the last quarter. Sippican Capital Advisors boosted its position in Apple by 0.5% in the first quarter. Caldwell & Orkin Inc. now owns 4,800 shares of the iPhone maker's stock worth $691,000 after buying an additional 700 shares during the period. Cordasco Financial Network boosted its position in Apple by 1.0% in the first quarter. Syntal Capital Prns Ltd Com accumulated 8,780 shares or 0.95% of the stock. It also increased its holding in Renaissancere Holdings Ltd (NYSE:RNR) by 22,825 shares in the quarter, for a total of 91,572 shares, and has risen its stake in Schein Henry Inc (NASDAQ:HSIC). Fisher Asset Management LLC now owns 11,638,395 shares of the iPhone maker's stock valued at $1,671,972,000 after buying an additional 140,368 shares during the last quarter. The stock declined 1.48% or $13.89 reaching $926.19 per share. Apple Inc. has $20800 highest and $11 lowest target. (NASDAQ:AAPL). Sva Plumb Wealth Lc reported 1.93% in Apple Inc. The stock decreased 3.22% or $5.16 during the last trading session, reaching $155.27. The firm has a 50 day moving average of $149.58 and a 200-day moving average of $144.00. National Mutual Insurance Federation Of Agricultural Cooperatives who had been investing in Apple Inc for a number of months, seems to be less bullish one the $806.96B market cap company. Apple also saw some unusual options trading on Tuesday. Moreover, General American Investors Co Inc has 6.99% invested in the company for 919,768 shares. This represents an increase of approximately 119% compared to the average daily volume of 63,733 put options.

Apple's AAPL, +0.56% stock has been soaring since it reported better-than-expected third-quarter earnings on August 1, while also assuaging some fears about an overreliance on iPhone sales, thanks to a surprise upsurge in iPad sales. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.10. The business had revenue of $45.41 billion for the quarter, compared to the consensus estimate of $44.94 billion.

Apple Inc. (AAPL) shows its Return on Assets (ROA) value of 14 percent, while the Return on Equity (ROE) value is 35.4 percent and Return on Investment (ROI) value stands at 20.6 percent. The company's revenue for the quarter was up 7.2% on a year-over-year basis. Analysts expect next quarter's EPS to be $3.82 with next year's EPS projected to be $10.80. On average, analysts anticipate that Apple Inc. will post $9.02 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 14th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.62%. The firm has "Buy" rating given on Thursday, August 20 by Bernstein. Apple's payout ratio is presently 28.64%. Secor Capital Advisors Lp sold 13,400 shares as Apple Inc (Call) (AAPL)'s stock rose 12.78%. This repurchase authorization permits the iPhone maker to purchase up to 6.5% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

TRADEMARK VIOLATION WARNING: "Apple Inc". If you are viewing this article on another site, it was copied illegally and republished in violation of United States & global copyright and trademark laws. Drexel Hamilton reiterated a "buy" rating and set a $208.00 target price on shares of Apple in a report on Wednesday. Needham & Company LLC restated a "buy" rating and set a $165.00 target price on shares of Apple in a research note on Tuesday, April 25th. Finally, Deutsche Bank AG reaffirmed a "hold" rating and issued a $130.00 target price on shares of Apple in a research report on Tuesday, June 6th. (AAPL)-15 analysts issued Buy for the stock, 18 analysts gave Outperform rating, 11 think it's a Hold, 1 issued Underperform, while 0 analyst gave a Sell rating. The company now has a consensus rating of "Buy" and a consensus price target of $167.32. Riccio Daniel J. sold $1.72 million worth of Apple Inc.

Sr VP Johny Srouji let go of 10,019 shares at a price of $153.95 on Tue the 30th. Over the last ninety days, insiders have sold 299,911 shares of company stock valued at $46,557,634. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

On Wednesday, May 24th, Craig Federighi sold 64,500 shares of Apple stock. The shares were sold at an average price of $158.13, for a total transaction of $5,000,861.25. Following the completion of the sale, the director now owns 1,168,283 shares in the company, valued at approximately $184,098,035.14. The disclosure for this sale can be found here. The Andra Ap-Fonden holds 150,100 shares with $17.39M value, down from 168,500 last quarter.

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