Van Strum & Towne Inc. Has $220,000 Position in Apple Inc. (AAPL)

Van Strum & Towne Inc. lowered its position in Apple Inc. (NASDAQ:AAPL) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,900 shares of the iPhone maker’s stock after selling 80 shares during the period. Van Strum & Towne Inc.’s holdings in Apple were worth $220,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. United Bank acquired a new stake in Apple during the fourth quarter valued at $2,212,000. Martingale Asset Management L P raised its stake in Apple by 10.3% in the fourth quarter. Martingale Asset Management L P now owns 440,628 shares of the iPhone maker’s stock valued at $51,034,000 after buying an additional 41,206 shares during the last quarter. McAdam LLC acquired a new stake in Apple during the fourth quarter valued at $370,000. TCW Group Inc. raised its stake in Apple by 18.2% in the fourth quarter. TCW Group Inc. now owns 496,620 shares of the iPhone maker’s stock valued at $57,518,000 after buying an additional 76,401 shares during the last quarter. Finally, Investec Asset Management LTD raised its stake in Apple by 1.1% in the fourth quarter. Investec Asset Management LTD now owns 1,023,299 shares of the iPhone maker’s stock valued at $118,518,000 after buying an additional 11,498 shares during the last quarter. Institutional investors and hedge funds own 58.76% of the company’s stock.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Apple Inc. (NASDAQ:AAPL) traded down 0.1865% during midday trading on Friday, reaching $142.1743. The company had a trading volume of 1,784,744 shares. The stock has a market capitalization of $745.92 billion, a price-to-earnings ratio of 17.0677 and a beta of 1.26. Apple Inc. has a one year low of $89.47 and a one year high of $145.46. The company has a 50-day moving average price of $141.36 and a 200-day moving average price of $124.37.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, January 31st. The iPhone maker reported $3.36 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.14. The company had revenue of $78.35 billion for the quarter, compared to the consensus estimate of $77.37 billion. Apple had a return on equity of 34.94% and a net margin of 20.73%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.28 EPS. On average, equities analysts expect that Apple Inc. will post $8.95 earnings per share for the current year.

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Several equities analysts have recently commented on the stock. Stifel Nicolaus upped their price target on shares of Apple from $130.00 to $150.00 and gave the stock a “hold” rating in a research report on Thursday. Guggenheim restated a “buy” rating and set a $180.00 price target on shares of Apple in a research report on Wednesday. Macquarie set a $160.00 target price on shares of Apple and gave the company a “buy” rating in a research report on Wednesday. Goldman Sachs Group Inc reiterated a “buy” rating and issued a $150.00 target price on shares of Apple in a research report on Tuesday. Finally, Rosenblatt Securities reiterated a “neutral” rating and issued a $120.00 target price on shares of Apple in a research report on Monday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $147.25.

In related news, CEO Timothy D. Cook sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $121.37, for a total value of $3,641,100.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Chris Kondo sold 2,649 shares of the company’s stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $128.05, for a total value of $339,204.45. The disclosure for this sale can be found here. Insiders sold a total of 436,644 shares of company stock worth $57,294,327 in the last 90 days. 0.08% of the stock is currently owned by company insiders.

About Apple

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

5 Day Chart for NASDAQ:AAPL

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