Apple Inc. (AAPL) is YHB Investment Advisors Inc.’s 2nd Largest Position
YHB Investment Advisors Inc. lessened its holdings in Apple Inc. (NASDAQ:AAPL) by 0.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 122,657 shares of the iPhone maker’s stock after selling 785 shares during the period. Apple makes up about 3.7% of YHB Investment Advisors Inc.’s investment portfolio, making the stock its 2nd largest position. YHB Investment Advisors Inc.’s holdings in Apple were worth $22,705,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of AAPL. Quattro Financial Advisors LLC bought a new stake in Apple during the 1st quarter worth approximately $133,000. Smart Portfolios LLC bought a new stake in Apple during the 1st quarter worth approximately $134,000. Spectrum Financial Alliance Ltd LLC bought a new stake in Apple during the 1st quarter worth approximately $138,000. Macroview Investment Management LLC raised its stake in Apple by 220.3% during the 1st quarter. Macroview Investment Management LLC now owns 900 shares of the iPhone maker’s stock worth $151,000 after acquiring an additional 619 shares during the period. Finally, Litman Gregory Asset Management LLC raised its stake in Apple by 553.8% during the 1st quarter. Litman Gregory Asset Management LLC now owns 1,033 shares of the iPhone maker’s stock worth $173,000 after acquiring an additional 875 shares during the period. Hedge funds and other institutional investors own 58.54% of the company’s stock.
In related news, CEO Timothy D. Cook sold 265,160 shares of the firm’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $217.79, for a total value of $57,749,196.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Federighi sold 47,796 shares of the firm’s stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $207.50, for a total transaction of $9,917,670.00. Following the completion of the transaction, the insider now directly owns 412,571 shares of the company’s stock, valued at $85,608,482.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 378,400 shares of company stock valued at $81,052,754. 0.08% of the stock is currently owned by insiders.
Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, July 31st. The iPhone maker reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.16. Apple had a net margin of 21.98% and a return on equity of 43.50%. The firm had revenue of $53.27 billion during the quarter, compared to analyst estimates of $52.43 billion. During the same period last year, the firm posted $1.67 earnings per share. Apple’s revenue for the quarter was up 17.3% compared to the same quarter last year. analysts predict that Apple Inc. will post 11.76 earnings per share for the current year.
A number of equities research analysts have commented on AAPL shares. BidaskClub upgraded shares of Apple from a “hold” rating to a “buy” rating in a research note on Tuesday, May 29th. Maxim Group cut shares of Apple from a “buy” rating to a “hold” rating and decreased their target price for the stock from $204.00 to $200.00 in a research note on Wednesday, May 30th. UBS Group raised their target price on shares of Apple from $190.00 to $210.00 and gave the stock a “buy” rating in a research note on Friday, June 1st. Royal Bank of Canada raised their target price on shares of Apple from $203.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 5th. Finally, Goldman Sachs Group restated a “neutral” rating and set a $164.00 target price on shares of Apple in a research note on Tuesday, June 5th. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $217.53.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
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