Callahan Advisors LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.7% during the third quarter, HoldingsChannel.com reports. The fund owned 118,621 shares of the iPhone maker’s stock after selling 2,064 shares during the quarter. Apple comprises about 3.8% of Callahan Advisors LLC’s investment portfolio, making the stock its biggest holding. Callahan Advisors LLC’s holdings in Apple were worth $18,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. Janus Henderson Group PLC grew its position in shares of Apple by 301.3% during the 2nd quarter. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker’s stock valued at $2,880,992,000 after purchasing an additional 15,018,790 shares in the last quarter. Harbour Capital Advisors LLC grew its position in shares of Apple by 14,030.2% during the 2nd quarter. Harbour Capital Advisors LLC now owns 4,515,315 shares of the iPhone maker’s stock valued at $31,352,000 after purchasing an additional 4,483,360 shares in the last quarter. Capital Research Global Investors grew its position in shares of Apple by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after purchasing an additional 3,845,363 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Apple by 200.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 4,765,574 shares of the iPhone maker’s stock valued at $686,338,000 after purchasing an additional 3,178,809 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of Apple by 25.3% during the 2nd quarter. Principal Financial Group Inc. now owns 10,582,632 shares of the iPhone maker’s stock valued at $1,524,110,000 after purchasing an additional 2,138,928 shares in the last quarter. 60.17% of the stock is currently owned by institutional investors and hedge funds.

AAPL has been the subject of a number of recent analyst reports. Mizuho set a $160.00 price target on shares of Apple and gave the company a “hold” rating in a research report on Wednesday, October 18th. Vetr lowered shares of Apple from a “buy” rating to a “hold” rating and set a $178.34 target price for the company. in a research report on Friday, December 1st. UBS Group set a $190.00 target price on shares of Apple and gave the stock a “buy” rating in a research report on Friday, January 5th. Needham & Company LLC upped their target price on shares of Apple from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, Guggenheim reiterated a “buy” rating and issued a $200.00 target price on shares of Apple in a research report on Monday, September 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $198.94.

Apple Inc. (NASDAQ AAPL) opened at $177.09 on Monday. The company has a market cap of $909,240.00, a PE ratio of 19.27, a PEG 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 Inc. has a one year low of $118.22 and a one year high of $177.36.

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

In other news, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total transaction of $2,695,726.35. Following the completion of the transaction, the insider now directly owns 39,682 shares of the company’s stock, valued at $6,839,192.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Johny Srouji sold 10,368 shares of the company’s stock in a transaction dated 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 directly owns 81,560 shares of the company’s stock, valued at $14,246,900.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 128,412 shares of company stock valued at $22,115,155. Insiders own 0.08% of the company’s stock.

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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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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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