Sequoia Financial Advisors LLC Has $30.77 Million Position in Apple Inc. (NASDAQ:AAPL)

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Sequoia Financial Advisors LLC lowered its holdings in Apple Inc. (NASDAQ:AAPL) by 0.8% in the 4th quarter, HoldingsChannel reports. The firm owned 104,794 shares of the iPhone maker’s stock after selling 816 shares during the quarter. Apple comprises approximately 2.0% of Sequoia Financial Advisors LLC’s holdings, making the stock its 10th largest holding. Sequoia Financial Advisors LLC’s holdings in Apple were worth $30,773,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in Apple by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,450,823 shares of the iPhone maker’s stock worth $6,005,385,000 after purchasing an additional 71,513 shares during the last quarter. Johanson Financial Advisors Inc. grew its position in Apple by 29,161.0% during the 4th quarter. Johanson Financial Advisors Inc. now owns 16,895,866 shares of the iPhone maker’s stock worth $57,543,000 after purchasing an additional 16,838,124 shares during the last quarter. Jennison Associates LLC grew its position in Apple by 9.2% during the 4th quarter. Jennison Associates LLC now owns 14,039,994 shares of the iPhone maker’s stock worth $4,122,844,000 after purchasing an additional 1,183,091 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in Apple by 1.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 14,019,253 shares of the iPhone maker’s stock worth $3,139,892,000 after purchasing an additional 267,009 shares during the last quarter. Finally, Sanders Capital LLC grew its position in Apple by 7.8% during the 4th quarter. Sanders Capital LLC now owns 8,787,007 shares of the iPhone maker’s stock worth $2,855,898,000 after purchasing an additional 633,366 shares during the last quarter. Institutional investors and hedge funds own 60.69% of the company’s stock.

Several research firms have recently commented on AAPL. Raymond James upped their price objective on shares of Apple from $280.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Sanford C. Bernstein reaffirmed a “hold” rating and issued a $300.00 price objective on shares of Apple in a report on Tuesday, February 18th. UBS Group dropped their price objective on shares of Apple from $355.00 to $335.00 and set a “buy” rating on the stock in a report on Friday, March 6th. Robert W. Baird reaffirmed a “buy” rating and issued a $360.00 price objective on shares of Apple in a report on Tuesday, February 18th. Finally, Cowen reaffirmed a “buy” rating and issued a $370.00 price objective on shares of Apple in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirty have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $305.00.

NASDAQ:AAPL traded down $1.36 during trading hours on Wednesday, reaching $245.52. 75,697,420 shares of the company were exchanged, compared to its average volume of 75,562,544. The company has a current ratio of 1.60, a quick ratio of 1.56 and a debt-to-equity ratio of 1.04. The stock’s 50-day moving average is $291.20 and its 200-day moving average is $269.95. The firm has a market cap of $1,074.27 billion, a PE ratio of 19.39, a price-to-earnings-growth 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 posted its quarterly earnings data on Tuesday, January 28th. The iPhone maker reported $4.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.54 by $0.45. The company had revenue of $91.80 billion during the quarter, compared to analysts’ expectations of $88.41 billion. Apple had a net margin of 21.49% and a return on equity of 60.19%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $4.18 earnings per share. As a group, research analysts anticipate that Apple Inc. will post 13.05 EPS for the current year.

In other Apple news, Director Arthur D. Levinson sold 1,429 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $304.11, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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