RBO & Co. LLC Sells 667 Shares of Apple Inc. (NASDAQ:AAPL)

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RBO & Co. LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,902 shares of the iPhone maker’s stock after selling 667 shares during the period. Apple comprises 3.7% of RBO & Co. LLC’s portfolio, making the stock its 8th largest holding. RBO & Co. LLC’s holdings in Apple were worth $16,709,000 as of its most recent SEC filing.

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

Shares of NASDAQ AAPL traded down $1.36 during trading hours on Wednesday, reaching $245.52. The stock had a trading volume of 75,697,420 shares, compared to its average volume of 75,562,544. The business’s fifty day moving average is $291.20 and its two-hundred day moving average is $269.95. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.60 and a quick ratio of 1.56. The company has a market cap of $1,074.27 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.64 and a beta of 1.30. Apple Inc. has a twelve month low of $170.27 and a twelve month high of $327.85.

Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, January 28th. The iPhone maker reported $4.99 EPS for the quarter, beating analysts’ consensus estimates of $4.54 by $0.45. The business had revenue of $91.80 billion during 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%. Apple’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $4.18 earnings per share. Sell-side analysts forecast that Apple Inc. will post 13.05 earnings per share for the current fiscal year.

A number of equities analysts recently commented on AAPL shares. Credit Suisse Group set a $290.00 price objective on Apple and gave the stock a “neutral” rating in a report on Monday, March 16th. Cascend Securities reaffirmed 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. Argus reaffirmed a “buy” rating and set a $350.00 target price (up previously from $300.00) on shares of Apple in a research report on Friday, January 10th. Evercore ISI assumed coverage on Apple in a research report on Friday, February 7th. They set a “buy” rating and a $365.00 target price for the company. Finally, Bank of America reaffirmed a “buy” rating and set a $350.00 target price on shares of Apple in a research report on Friday, March 6th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $305.00.

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

Apple Profile

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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