Parkwood LLC Sells 15,274 Shares of Apple Inc. (AAPL)
Parkwood LLC cut its position in shares of Apple Inc. (NASDAQ:AAPL) by 87.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,236 shares of the iPhone maker’s stock after selling 15,274 shares during the period. Parkwood LLC’s holdings in Apple were worth $322,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased 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 acquiring an additional 471,057 shares during the last quarter. Fisher Asset Management LLC increased 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 acquiring an additional 140,368 shares during the last quarter. Canada Pension Plan Investment Board increased 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 acquiring an additional 1,749,797 shares during the last quarter. Sanders Capital LLC increased 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 acquiring an additional 91,860 shares during the last quarter. Finally, Clearbridge Investments LLC increased 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 acquiring an additional 82,453 shares during the last quarter. 60.33% of the stock is owned by institutional investors.
In other Apple news, CEO Timothy D. Cook sold 268,623 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $160.63, for a total value of $43,148,912.49. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Angela J. Ahrendts sold 63,388 shares of the stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. Insiders sold 541,177 shares of company stock worth $85,864,804 over the last quarter. Insiders own 0.08% of the company’s stock.
A number of brokerages have recently commented on AAPL. Mizuho set a $160.00 price objective on Apple and gave the company a “hold” rating in a report on Wednesday. KeyCorp raised Apple from a “sector weight” rating to an “overweight” rating and increased their price objective for the company from $173.75 to $187.00 in a report on Monday, October 16th. Pacific Crest raised Apple from a “sector weight” rating to an “overweight” rating and set a $187.00 price objective on the stock in a report on Monday, October 16th. Rosenblatt Securities reissued a “hold” rating and set a $150.00 price objective on shares of Apple in a report on Sunday, October 15th. Finally, Barclays PLC increased their price objective on Apple to $161.00 and gave the company an “equal weight” rating in a report on Friday, October 13th. Seven analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $190.67.
Apple Inc. (AAPL) traded up 0.17% on Friday, reaching $156.25. 23,974,146 shares of the company were exchanged. Apple Inc. has a 12-month low of $104.08 and a 12-month high of $164.94. The firm has a market capitalization of $807.07 billion, a P/E ratio of 17.74 and a beta of 1.27. The firm has a 50-day moving average of $157.09 and a 200 day moving average of $152.10.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.10. Apple had a net margin of 20.87% and a return on equity of 35.40%. The business had revenue of $45.41 billion for the quarter, compared to the consensus estimate of $44.94 billion. During the same period last year, the firm earned $1.42 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts predict that Apple Inc. will post $9.01 earnings per share for the current year.
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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