Sitrin Capital Management LLC trimmed its position in Apple Inc. (NASDAQ:AAPL) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,272 shares of the iPhone maker’s stock after selling 526 shares during the quarter. Apple comprises 4.6% of Sitrin Capital Management LLC’s holdings, making the stock its largest position. Sitrin Capital Management LLC’s holdings in Apple were worth $7,131,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Stone House Investment Management LLC grew its holdings in Apple by 0.4% during the second quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock worth $226,000 after acquiring an additional 6 shares during the period. Jackson Grant Investment Advisers Inc. grew its holdings in Apple by 0.3% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock worth $782,000 after acquiring an additional 17 shares during the period. Lenox Wealth Advisors Inc. grew its holdings in Apple by 0.4% during the second quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock worth $716,000 after acquiring an additional 20 shares during the period. Karp Capital Management Corp grew its holdings in Apple by 1.6% during the second quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock worth $206,000 after acquiring an additional 22 shares during the period. Finally, Welch Investments LLC grew its holdings in Apple by 1.5% during the second quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock worth $231,000 after acquiring an additional 23 shares during the period. Hedge funds and other institutional investors own 60.19% of the company’s stock.

In related news, insider Johny Srouji sold 10,368 shares of Apple stock in a transaction that occurred on Friday, November 24th. The stock was 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 in the company, valued at $14,246,900.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Daniel J. Riccio sold 15,641 shares of Apple stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $174.78, for a total value of $2,733,733.98. Following the transaction, the insider now 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 quarter, insiders have sold 128,412 shares of company stock worth $22,115,155. 0.06% of the stock is currently owned by company insiders.

Several analysts recently commented on AAPL shares. Mizuho set a $160.00 target price on Apple and gave the stock a “hold” rating in a report on Wednesday, October 18th. Vetr lowered Apple from a “buy” rating to a “hold” rating and set a $178.34 price objective on the stock. in a report on Friday, December 1st. UBS Group set a $190.00 price objective on Apple and gave the company a “buy” rating in a report on Friday, January 5th. Needham & Company LLC raised their price objective on Apple from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, Guggenheim reissued a “buy” rating and issued a $200.00 price objective on shares of Apple in a report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $198.94.

Apple Inc. (AAPL) opened at $177.09 on Tuesday. Apple Inc. has a 1 year low of $118.22 and a 1 year high of $177.36. The company has a market capitalization of $909,240.00, a P/E ratio of 19.27, a P/E/G ratio of 1.45 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The firm had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. During the same quarter last year, the business posted $1.50 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. analysts forecast that Apple Inc. will post 11.18 EPS for the current year.

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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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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