Boston Advisors LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,205,895 shares of the iPhone maker’s stock after selling 58,702 shares during the period. Apple accounts for about 4.0% of Boston Advisors LLC’s investment portfolio, making the stock its biggest holding. Boston Advisors LLC’s holdings in Apple were worth $173,673,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AAPL. Schwab Charles Investment Management Inc. lifted its holdings in shares of Apple by 2.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 17,637,648 shares of the iPhone maker’s stock valued at $2,533,825,000 after purchasing an additional 471,057 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Apple by 1.2% during the 1st quarter. Fisher Asset Management LLC now owns 11,638,395 shares of the iPhone maker’s stock valued at $1,671,972,000 after purchasing an additional 140,368 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Apple by 23.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock valued at $1,334,527,000 after purchasing an additional 1,749,797 shares during the last quarter. Sanders Capital LLC lifted its holdings in shares of Apple by 1.2% during the 1st quarter. Sanders Capital LLC now owns 8,007,685 shares of the iPhone maker’s stock valued at $1,177,522,000 after purchasing an additional 91,860 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of Apple by 1.2% during the 1st quarter. Clearbridge Investments LLC now owns 6,815,812 shares of the iPhone maker’s stock valued at $979,160,000 after purchasing an additional 82,453 shares during the last quarter. Institutional investors own 60.33% of the company’s stock.

In other Apple news, insider Angela J. Ahrendts sold 63,388 shares of Apple stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $154.21, for a total value of $9,775,063.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Philip W. Schiller sold 56,808 shares of Apple stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total transaction of $8,788,197.60. The disclosure for this sale can be found here. Insiders sold 541,177 shares of company stock valued at $85,864,804 over the last quarter. Corporate insiders own 0.08% of the company’s stock.

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Apple Inc. (AAPL) traded up 1.59% during trading on Monday, reaching $159.49. 15,027,082 shares of the company’s stock were exchanged. Apple Inc. has a 52 week low of $104.08 and a 52 week high of $164.94. The company’s 50 day moving average price is $157.58 and its 200-day moving average price is $151.69. The stock has a market capitalization of $823.80 billion, a price-to-earnings ratio of 18.11 and a beta of 1.27.

Apple (NASDAQ:AAPL) last posted its earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.10. The firm had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.42 earnings per share. On average, equities analysts expect that Apple Inc. will post $9.01 EPS for the current year.

AAPL has been the subject of several analyst reports. Maxim Group increased their price objective on Apple from $171.00 to $180.00 and gave the company a “buy” rating in a report on Monday, June 19th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $170.00 price objective on shares of Apple in a report on Wednesday, June 21st. UBS AG reiterated a “buy” rating and set a $170.00 price objective on shares of Apple in a report on Friday, June 23rd. Pacific Crest reiterated an “equal weight” rating on shares of Apple in a report on Wednesday, June 28th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $160.00 price objective on shares of Apple in a report on Tuesday, July 4th. Seven equities research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the stock. Apple has an average rating of “Buy” and a consensus price target of $190.46.

About Apple

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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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