Apple Inc. (NASDAQ:AAPL) Shares Sold by Nicholas Company Inc.

Share on StockTwits

Nicholas Company Inc. decreased its position in Apple Inc. (NASDAQ:AAPL) by 14.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 390,000 shares of the iPhone maker’s stock after selling 67,760 shares during the quarter. Apple comprises about 2.4% of Nicholas Company Inc.’s holdings, making the stock its 2nd largest position. Nicholas Company Inc.’s holdings in Apple were worth $114,524,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Korea Investment CORP increased its position in Apple by 6.3% during the 4th quarter. Korea Investment CORP now owns 3,753,051 shares of the iPhone maker’s stock worth $1,102,083,000 after purchasing an additional 221,800 shares in the last quarter. Atlas Private Wealth Management acquired a new stake in Apple during the 4th quarter worth approximately $4,730,000. Blair William & Co. IL increased its position in Apple by 2.0% during the 4th quarter. Blair William & Co. IL now owns 2,568,117 shares of the iPhone maker’s stock worth $754,128,000 after purchasing an additional 49,316 shares in the last quarter. Altshuler Shaham Ltd increased its position in Apple by 2,180.0% during the 4th quarter. Altshuler Shaham Ltd now owns 114 shares of the iPhone maker’s stock worth $33,000 after purchasing an additional 109 shares in the last quarter. Finally, AMG National Trust Bank increased its position in Apple by 2.7% during the 4th quarter. AMG National Trust Bank now owns 5,974 shares of the iPhone maker’s stock worth $1,754,000 after purchasing an additional 155 shares in the last quarter. 60.69% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Arthur D. Levinson sold 1,429 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $304.11, for a total transaction of $434,573.19. Following the transaction, the director now directly owns 1,134,712 shares of the company’s stock, valued at $345,077,266.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.05% of the stock is currently owned by company insiders.

A number of analysts recently issued reports on AAPL shares. Cascend Securities reissued a “buy” rating and set a $350.00 target price (down previously from $375.00) on shares of Apple in a research report on Monday, March 2nd. Bank of America reissued a “buy” rating and set a $350.00 target price on shares of Apple in a research report on Friday, March 6th. Credit Suisse Group set a $290.00 price target on Apple and gave the stock a “neutral” rating in a report on Monday, March 16th. Cowen restated a “buy” rating and issued a $370.00 price target on shares of Apple in a report on Tuesday, February 25th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $320.00 price target (down previously from $370.00) on shares of Apple in a report on Tuesday, March 17th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty have assigned a buy rating to the stock. Apple presently has an average rating of “Buy” and a consensus target price of $305.00.

NASDAQ AAPL traded down $1.36 during trading hours on Wednesday, hitting $245.52. The company had a trading volume of 75,697,420 shares, compared to its average volume of 75,562,544. Apple Inc. has a fifty-two week low of $170.27 and a fifty-two week high of $327.85. The company has a quick ratio of 1.56, a current ratio of 1.60 and a debt-to-equity ratio of 1.04. The business has a fifty day simple moving average of $291.20 and a 200-day simple moving average of $269.95. The firm has a market cap of $1,074.27 billion, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 1.64 and a beta of 1.30.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, January 28th. The iPhone maker reported $4.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.54 by $0.45. The firm had revenue of $91.80 billion for the quarter, compared to analyst estimates of $88.41 billion. Apple had a return on equity of 60.19% and a net margin of 21.49%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period last year, the company earned $4.18 earnings per share. Equities analysts forecast that Apple Inc. will post 13.05 EPS for the current fiscal year.

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.

Recommended Story: What is quantitative easing?

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.