Vontobel Swiss Wealth Advisors AG Has $2.19 Million Position in Apple Inc. (AAPL)
Vontobel Swiss Wealth Advisors AG lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,227 shares of the iPhone maker’s stock after selling 72 shares during the quarter. Apple makes up approximately 1.4% of Vontobel Swiss Wealth Advisors AG’s holdings, making the stock its 18th largest position. Vontobel Swiss Wealth Advisors AG’s holdings in Apple were worth $2,193,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in AAPL. Hefty Wealth Partners boosted its position in Apple by 27.6% during the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 174 shares during the period. American Beacon Advisors Inc. acquired a new position in Apple during the 1st quarter valued at approximately $117,000. State of Alaska Department of Revenue acquired a new position in Apple during the 2nd quarter valued at approximately $149,000. Portfolio Solutions LLC acquired a new position in Apple during the 1st quarter valued at approximately $169,000. Finally, D. Scott Neal Inc. boosted its position in Apple by 19.8% during the 2nd quarter. D. Scott Neal Inc. now owns 1,212 shares of the iPhone maker’s stock valued at $175,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 60.36% of the company’s stock.
In related news, insider Philip W. Schiller sold 56,808 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $154.70, for a total value of $8,788,197.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Timothy D. Cook sold 268,623 shares of the company’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $160.63, for a total transaction of $43,148,912.49. The disclosure for this sale can be found here. Insiders sold a total of 541,177 shares of company stock worth $85,864,804 in the last 90 days. 0.08% of the stock is currently owned by company insiders.
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A number of research analysts recently issued reports on AAPL shares. Mizuho lowered Apple from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $160.00 to $150.00 in a research report on Monday, June 12th. Citigroup Inc. restated a “buy” rating and set a $160.00 price objective on shares of Apple in a research report on Monday, June 12th. Macquarie reaffirmed an “outperform” rating and set a $170.00 target price (up previously from $160.00) on shares of Apple in a research note on Monday, June 12th. UBS AG set a $170.00 target price on Apple and gave the company a “buy” rating in a research note on Monday, June 12th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $160.00 target price on shares of Apple in a research note on Monday, June 12th. Nine research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $189.61.
Shares of Apple Inc. (NASDAQ AAPL) traded down 0.219% during trading on Friday, hitting $155.049. The stock had a trading volume of 9,568,586 shares. The firm has a 50-day moving average of $158.07 and a 200 day moving average of $150.93. Apple Inc. has a 1-year low of $104.08 and a 1-year high of $164.94. The company has a market capitalization of $800.86 billion, a P/E ratio of 17.603 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 for the quarter, topping the Zacks’ 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 company had revenue of $45.41 billion for the quarter, compared to analyst estimates of $44.94 billion. During the same quarter in the prior year, the business posted $1.42 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. Equities research analysts predict that Apple Inc. will post $9.01 earnings per share for the current fiscal year.
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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