Rand Wealth LLC Sells 1,839 Shares of Apple Inc. (AAPL)

Rand Wealth LLC lowered its stake in Apple Inc. (NASDAQ:AAPL) by 2.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 73,294 shares of the iPhone maker’s stock after selling 1,839 shares during the period. Apple makes up 1.3% of Rand Wealth LLC’s holdings, making the stock its 16th biggest holding. Rand Wealth LLC’s holdings in Apple were worth $11,296,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Stone House Investment Management LLC grew its position in Apple by 0.4% in the second quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock valued at $226,000 after acquiring an additional 6 shares during the last quarter. Jackson Grant Investment Advisers Inc. grew its position in Apple by 0.3% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock valued at $782,000 after acquiring an additional 17 shares during the last quarter. Lenox Wealth Advisors Inc. grew its position in Apple by 0.4% in the second quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock valued at $716,000 after acquiring an additional 20 shares during the last quarter. Karp Capital Management Corp grew its position in Apple by 1.6% in the second quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock valued at $206,000 after acquiring an additional 22 shares during the last quarter. Finally, Welch Investments LLC grew its position in Apple by 1.5% in the second quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock valued at $231,000 after acquiring an additional 23 shares during the last quarter. Institutional investors own 59.61% of the company’s stock.

In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $169.69, for a total value of $2,654,121.29. Following the transaction, the insider now directly owns 17,341 shares of the company’s stock, valued at $2,942,594.29. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Johny Srouji sold 5,760 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total value of $1,004,544.00. Following the completion of the transaction, the senior vice president now directly owns 81,560 shares in the company, valued at $14,224,064. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 176,159 shares of company stock worth $29,156,485. 0.06% of the stock is owned by insiders.

Apple Inc. (AAPL) opened at $169.23 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $878,380.00, a P/E ratio of 18.41, a P/E/G ratio of 1.35 and a beta of 1.24. Apple Inc. has a 12 month low of $114.76 and a 12 month high of $177.20.

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

A number of research firms have issued reports on AAPL. Rosenblatt Securities set a $180.00 target price on Apple and gave the company a “buy” rating in a research report on Monday. ValuEngine upgraded Apple from a “hold” rating to a “buy” rating in a research report on Sunday. Wells Fargo & Co reiterated a “hold” rating and issued a $195.00 target price on shares of Apple in a research report on Wednesday, December 27th. Loop Capital reiterated a “buy” rating and issued a $200.00 target price on shares of Apple in a research report on Friday, December 22nd. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $199.00 target price on shares of Apple in a research report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $198.61.

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About Apple

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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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