Apple Inc. (AAPL) Holdings Cut by Delaney Dennis R
Delaney Dennis R trimmed its position in Apple Inc. (NASDAQ:AAPL) by 3.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 10,324 shares of the iPhone maker’s stock after selling 375 shares during the period. Apple comprises 3.1% of Delaney Dennis R’s investment portfolio, making the stock its 13th biggest position. Delaney Dennis R’s holdings in Apple were worth $1,591,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. FinTrust Investment Advisory Services LLC bought a new position in shares of Apple during the 3rd quarter valued at approximately $3,202,000. Paragon Capital Management Ltd bought a new position in Apple in the 3rd quarter worth approximately $1,428,000. Patriot Financial Group Insurance Agency LLC boosted its holdings in Apple by 16.8% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 12,248 shares of the iPhone maker’s stock worth $1,907,000 after buying an additional 1,766 shares during the period. Reik & CO. LLC boosted its holdings in Apple by 12.4% in the 3rd quarter. Reik & CO. LLC now owns 4,771 shares of the iPhone maker’s stock worth $735,000 after buying an additional 528 shares during the period. Finally, Fort Pitt Capital Group LLC boosted its holdings in Apple by 7.2% in the 3rd quarter. Fort Pitt Capital Group LLC now owns 18,878 shares of the iPhone maker’s stock worth $2,909,000 after buying an additional 1,275 shares during the period. 60.17% of the stock is owned by institutional investors and hedge funds.
Shares of Apple Inc. (AAPL) opened at $175.28 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. The firm has a market cap of $899,940.00, a price-to-earnings ratio of 19.07, a PEG ratio of 1.43 and a beta of 1.23. Apple Inc. has a 52-week low of $118.21 and a 52-week high of $177.20.
In related news, insider Johny Srouji sold 10,368 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $174.68, for a total transaction of $1,811,082.24. Following the transaction, the insider now owns 81,560 shares of the company’s stock, valued at approximately $14,246,900.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction on Friday, January 5th. The shares were 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 in the company, valued at approximately $2,401,302.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 128,412 shares of company stock worth $22,115,155. 0.06% of the stock is owned by insiders.
Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Apple from a “buy” rating to a “hold” rating in a report on Monday. UBS Group set a $190.00 price objective on shares of Apple and gave the stock a “buy” rating in a report on Friday, January 5th. Barclays set a $162.00 price objective on shares of Apple and gave the stock a “neutral” rating in a report on Wednesday, January 3rd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Apple in a report on Tuesday, January 2nd. Finally, Rosenblatt Securities set a $180.00 target price on shares of Apple and gave the stock a “buy” rating in a research note on Monday, January 1st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $198.70.
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Apple Company 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.
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