Nelson Van Denburg & Campbell Wealth Management Group LLC reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.7% during the third quarter, HoldingsChannel.com reports. The fund owned 31,176 shares of the iPhone maker’s stock after selling 528 shares during the quarter. Apple makes up approximately 1.2% of Nelson Van Denburg & Campbell Wealth Management Group LLC’s investment portfolio, making the stock its 17th largest position. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Apple were worth $6,981,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Centaurus Financial Inc. grew its position in Apple by 17.9% during the first quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock worth $44,000 after buying an additional 1,262 shares in the last quarter. Semmax Financial Advisors Inc. purchased a new position in Apple during the fourth quarter worth about $50,000. Avondale Wealth Management grew its position in Apple by 25.4% during the second quarter. Avondale Wealth Management now owns 316 shares of the iPhone maker’s stock worth $63,000 after buying an additional 64 shares in the last quarter. NuWave Investment Management LLC grew its position in Apple by 2,245.0% during the second quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker’s stock worth $93,000 after buying an additional 449 shares in the last quarter. Finally, Horan Securities Inc. grew its position in Apple by 64.2% during the second quarter. Horan Securities Inc. now owns 565 shares of the iPhone maker’s stock worth $112,000 after buying an additional 221 shares in the last quarter. Institutional investors and hedge funds own 58.63% of the company’s stock.

AAPL traded up $1.81 during midday trading on Wednesday, reaching $226.21. 2,649,488 shares of the company’s stock traded hands, compared to its average volume of 30,093,834. The firm has a fifty day moving average of $215.63 and a two-hundred day moving average of $202.07. The stock has a market capitalization of $1,014.10 billion, a price-to-earnings ratio of 18.99, a P/E/G ratio of 2.00 and a beta of 1.24. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.50 and a quick ratio of 1.47. Apple Inc. has a 52 week low of $142.00 and a 52 week high of $229.93.

Apple (NASDAQ:AAPL) last announced its earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.08. Apple had a return on equity of 52.13% and a net margin of 21.50%. The firm had revenue of $53.81 billion during the quarter, compared to analyst estimates of $53.39 billion. During the same quarter in the prior year, the company earned $2.34 EPS. The business’s revenue was up 1.0% compared to the same quarter last year. Sell-side analysts forecast that Apple Inc. will post 11.68 EPS for the current year.

In related news, Director Arthur D. Levinson sold 17,500 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $201.69, for a total value of $3,529,575.00. Following the sale, the director now owns 1,150,783 shares in the company, valued at approximately $232,101,423.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris Kondo sold 4,376 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $217.47, for a total value of $951,648.72. The disclosure for this sale can be found here. Insiders sold a total of 372,090 shares of company stock valued at $77,691,639 in the last three months. Corporate insiders own 0.05% of the company’s stock.

Several equities analysts recently commented on AAPL shares. Piper Jaffray Companies set a $243.00 target price on Apple and gave the stock a “buy” rating in a research report on Monday, September 23rd. Daiwa Capital Markets set a $223.00 target price on Apple and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Deutsche Bank set a $210.00 target price on Apple and gave the stock a “hold” rating in a research report on Tuesday, September 24th. Morgan Stanley set a $247.00 price objective on Apple and gave the stock a “buy” rating in a report on Wednesday, September 18th. Finally, Sanford C. Bernstein set a $205.00 price objective on Apple and gave the stock a “hold” rating in a report on Tuesday, September 3rd. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $221.64.

About Apple

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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