Apple Inc. (AAPL) Position Cut by Vanguard Capital Wealth Advisors

Vanguard Capital Wealth Advisors lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 24.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,983 shares of the iPhone maker’s stock after selling 6,179 shares during the quarter. Apple makes up approximately 4.5% of Vanguard Capital Wealth Advisors’ holdings, making the stock its 3rd biggest holding. Vanguard Capital Wealth Advisors’ holdings in Apple were worth $2,994,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AAPL. Contravisory Investment Management Inc. boosted its holdings in shares of Apple by 30.6% in the 4th quarter. Contravisory Investment Management Inc. now owns 614 shares of the iPhone maker’s stock valued at $97,000 after purchasing an additional 144 shares during the last quarter. CKW Financial Group boosted its holdings in shares of Apple by 15.0% in the 4th quarter. CKW Financial Group now owns 807 shares of the iPhone maker’s stock valued at $127,000 after purchasing an additional 105 shares during the last quarter. Selective Wealth Management acquired a new position in shares of Apple in the 3rd quarter valued at $194,000. Lawson Kroeker Investment Management Inc. NE acquired a new position in shares of Apple in the 3rd quarter valued at $201,000. Finally, Leith Wheeler Investment Counsel Ltd. acquired a new position in shares of Apple in the 3rd quarter valued at $201,000. Hedge funds and other institutional investors own 57.38% of the company’s stock.

A number of brokerages have weighed in on AAPL. BidaskClub upgraded shares of Apple from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Credit Suisse Group began coverage on shares of Apple in a report on Thursday, April 11th. They issued a “neutral” rating and a $209.00 price target on the stock. Wedbush upgraded shares of Apple to an “outperform” rating and lifted their price target for the company from $215.00 to $225.00 in a report on Tuesday, April 9th. New Street Research lowered shares of Apple from a “neutral” rating to a “sell” rating and set a $170.00 target price on the stock. in a report on Friday, April 12th. Finally, HSBC lowered shares of Apple from a “hold” rating to a “reduce” rating and lifted their target price for the company from $160.00 to $180.00 in a report on Wednesday, April 10th. Three research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $202.45.

In other news, insider Luca Maestri sold 51,138 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $196.61, for a total value of $10,054,242.18. Following the completion of the sale, the insider now owns 27,448 shares of the company’s stock, valued at approximately $5,396,551.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arthur D. Levinson sold 1,521 shares of the business’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $167.71, for a total transaction of $255,086.91. Following the completion of the sale, the director now directly owns 1,134,804 shares of the company’s stock, valued at approximately $190,317,978.84. The disclosure for this sale can be found here. Insiders own 0.05% of the company’s stock.

Apple stock opened at $199.25 on Wednesday. Apple Inc. has a 12-month low of $142.00 and a 12-month high of $233.47. The firm has a market cap of $979.24 billion, a P/E ratio of 16.73, a PEG ratio of 2.04 and a beta of 1.14. The company has a current ratio of 1.30, a quick ratio of 1.25 and a debt-to-equity ratio of 0.79.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, January 29th. The iPhone maker reported $4.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.17 by $0.01. Apple had a net margin of 22.72% and a return on equity of 50.92%. The firm had revenue of $84.31 billion for the quarter, compared to the consensus estimate of $84.07 billion. On average, equities analysts expect that Apple Inc. will post 11.41 EPS for the current fiscal year.

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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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