M Holdings Securities Inc. Sells 2,185 Shares of Apple Inc. (AAPL)

M Holdings Securities Inc. trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,214 shares of the iPhone maker’s stock after selling 2,185 shares during the period. Apple comprises approximately 3.3% of M Holdings Securities Inc.’s holdings, making the stock its 2nd biggest holding. M Holdings Securities Inc.’s holdings in Apple were worth $9,536,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Blue Sky Asset Management LLC acquired a new position in shares of Apple in the 2nd quarter valued at $108,000. Hefty Wealth Partners boosted its holdings in shares of Apple by 27.6% in 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 last quarter. FNY Managed Accounts LLC boosted its holdings in shares of Apple by 852.4% in the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after purchasing an additional 716 shares during the last quarter. Private Vista LLC acquired a new position in shares of Apple in the 2nd quarter valued at $122,000. Finally, Armbruster Capital Management Inc. boosted its holdings in shares of Apple by 9.4% in the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock valued at $131,000 after purchasing an additional 78 shares during the last quarter. 59.78% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Eduardo H. Cue sold 65,361 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $171.60, for a total value of $11,215,947.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Angela J. Ahrendts sold 63,388 shares of the company’s 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. Over the last ninety days, insiders sold 232,967 shares of company stock valued at $37,944,683. Company insiders own 0.08% of the company’s stock.

AAPL has been the topic of a number of research analyst reports. Barclays reiterated a “hold” rating and issued a $146.00 price target on shares of Apple in a report on Monday, September 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $180.00 price target on shares of Apple in a report on Monday, September 11th. Morgan Stanley reiterated an “overweight” rating and issued a $194.00 price target (up previously from $182.00) on shares of Apple in a report on Tuesday, September 12th. Mizuho set a $160.00 price target on shares of Apple and gave the company a “hold” rating in a report on Wednesday, October 18th. Finally, Vetr lowered shares of Apple from a “buy” rating to a “hold” rating and set a $178.34 price target on the stock. in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. Apple currently has a consensus rating of “Buy” and an average target price of $197.57.

Shares of Apple Inc. (NASDAQ:AAPL) opened at $173.97 on Friday. The firm has a market cap of $893,216.25, a P/E ratio of 18.91, a PEG ratio of 1.39 and a beta of 1.22. Apple Inc. has a one year low of $114.76 and a one year high of $176.24. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73.

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

ILLEGAL ACTIVITY WARNING: This article was first reported by Week Herald and is owned by of Week Herald. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://weekherald.com/2017/12/17/m-holdings-securities-inc-sells-2185-shares-of-apple-inc-aapl.html.

Apple 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.

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply