Reilly Financial Advisors LLC Trims Stake in Apple Inc. (AAPL)

Reilly Financial Advisors LLC reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,347 shares of the iPhone maker’s stock after selling 545 shares during the quarter. Apple accounts for about 2.4% of Reilly Financial Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. Reilly Financial Advisors LLC’s holdings in Apple were worth $15,774,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Berkshire Hathaway Inc. lifted its stake in Apple by 0.6% during the second quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock worth $18,750,246,000 after purchasing an additional 834,854 shares during the last quarter. Capital Research Global Investors lifted its stake in Apple by 15.0% during the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock worth $4,241,383,000 after purchasing an additional 3,845,363 shares during the last quarter. Legal & General Group Plc lifted its stake in Apple by 3.0% during the second quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock worth $3,759,849,000 after purchasing an additional 771,046 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Apple by 301.3% during the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock worth $2,880,992,000 after purchasing an additional 15,018,790 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Apple by 1.5% during the second quarter. Swiss National Bank now owns 19,169,416 shares of the iPhone maker’s stock worth $2,760,779,000 after purchasing an additional 275,400 shares during the last quarter. Institutional investors own 60.19% of the company’s stock.

Several equities analysts recently issued reports on the company. Bank of America cut Apple from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $180.00 to $220.00 in a research note on Wednesday. Zacks Investment Research raised Apple from a “hold” rating to a “buy” rating and set a $197.00 target price on the stock in a research report on Thursday. Barclays set a $174.00 target price on Apple and gave the stock a “neutral” rating in a research report on Thursday. Mizuho reaffirmed a “neutral” rating and issued a $175.00 target price (up from $160.00) on shares of Apple in a research report on Friday. Finally, Rosenblatt Securities reaffirmed a “buy” rating on shares of Apple in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $200.59.

In related news, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $174.78, for a total transaction of $2,733,733.98. Following the transaction, the insider now directly owns 13,739 shares of the company’s stock, valued at $2,401,302.42. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Eduardo H. Cue sold 65,361 shares of Apple stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $171.60, for a total value of $11,215,947.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 128,412 shares of company stock worth $22,115,155. 0.08% of the stock is owned by corporate insiders.

Apple Inc. (AAPL) opened at $178.46 on Friday. The stock has a market capitalization of $912,180.00, a PE ratio of 19.42, a P/E/G ratio of 1.45 and a beta of 1.23. Apple Inc. has a fifty-two week low of $119.50 and a fifty-two week high of $180.10. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.20. The firm had revenue of $52.58 billion for the quarter, compared to analyst estimates of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. Apple’s revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.50 earnings per share. analysts anticipate that Apple Inc. will post 11.15 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This news story was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://sportsperspectives.com/2018/01/20/reilly-financial-advisors-llc-trims-stake-in-apple-inc-aapl.html.

Apple Profile

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.

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply