Apple Inc. (AAPL) Shares Sold by Neville Rodie & Shaw Inc.
Neville Rodie & Shaw Inc. lessened its stake in Apple Inc. (NASDAQ:AAPL) by 6.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 257,209 shares of the iPhone maker’s stock after selling 18,464 shares during the quarter. Apple comprises 4.4% of Neville Rodie & Shaw Inc.’s investment portfolio, making the stock its 2nd biggest position. Neville Rodie & Shaw Inc.’s holdings in Apple were worth $39,641,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in AAPL. Berkshire Hathaway Inc. boosted its holdings in Apple by 0.6% in the second quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock valued at $18,750,246,000 after acquiring an additional 834,854 shares during the last quarter. Capital Research Global Investors boosted its holdings in Apple by 15.0% in the second quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after acquiring an additional 3,845,363 shares during the last quarter. Legal & General Group Plc boosted its holdings in Apple by 3.0% in the second quarter. Legal & General Group Plc now owns 26,106,175 shares of the iPhone maker’s stock valued at $3,759,849,000 after acquiring an additional 771,046 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Apple by 301.3% in the second quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after acquiring an additional 15,018,790 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Apple by 1.5% in the second quarter. Swiss National Bank now owns 19,169,416 shares of the iPhone maker’s stock valued at $2,760,779,000 after acquiring an additional 275,400 shares during the last quarter. Hedge funds and other institutional investors own 59.62% of the company’s stock.
Apple Inc. (AAPL) opened at $176.42 on Tuesday. The firm has a market cap of $893,216.25, a P/E ratio of 18.91, a PEG ratio of 1.39 and a beta of 1.22. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. Apple Inc. has a 1 year low of $114.76 and a 1 year high of $177.20.
AAPL has been the topic of several analyst reports. Barclays reiterated a “hold” rating and issued a $146.00 target price on shares of Apple in a report on Monday, September 4th. Wells Fargo & Company reissued a “market perform” rating and issued a $195.00 price target on shares of Apple in a research note on Tuesday, November 14th. Royal Bank of Canada boosted their price target on Apple from $176.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, September 1st. UBS set a $190.00 price target on Apple and gave the company a “buy” rating in a research note on Monday, December 4th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $190.00 target price on shares of Apple in a research report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. Apple presently has an average rating of “Buy” and an average price target of $197.36.
In other news, SVP Johny Srouji sold 5,760 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total value of $1,004,544.00. Following the sale, the senior vice president now owns 81,560 shares of the company’s stock, valued at approximately $14,224,064. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Eduardo H. Cue sold 65,361 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $171.60, for a total transaction of $11,215,947.60. The disclosure for this sale can be found here. Insiders sold 232,967 shares of company stock valued at $37,944,683 over the last 90 days. 0.08% of the stock is owned by corporate insiders.
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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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