Apple Inc. (AAPL) Shares Sold by Atalanta Sosnoff Capital LLC

Atalanta Sosnoff Capital LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 8.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 801,934 shares of the iPhone maker’s stock after selling 75,100 shares during the period. Apple comprises 4.9% of Atalanta Sosnoff Capital LLC’s investment portfolio, making the stock its 3rd largest position. Atalanta Sosnoff Capital LLC’s holdings in Apple were worth $148,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in the business. Dorsey Wright & Associates boosted its position in shares of Apple by 9.2% during the second quarter. Dorsey Wright & Associates now owns 3,205 shares of the iPhone maker’s stock valued at $593,000 after purchasing an additional 270 shares in the last quarter. Marcus Capital LLC boosted its holdings in Apple by 6.8% in the first quarter. Marcus Capital LLC now owns 4,342 shares of the iPhone maker’s stock worth $729,000 after acquiring an additional 275 shares in the last quarter. Canandaigua National Bank & Trust Co. boosted its holdings in Apple by 0.5% in the first quarter. Canandaigua National Bank & Trust Co. now owns 51,711 shares of the iPhone maker’s stock worth $8,676,000 after acquiring an additional 280 shares in the last quarter. TLP Group LLC boosted its holdings in Apple by 25.3% in the first quarter. TLP Group LLC now owns 1,385 shares of the iPhone maker’s stock worth $232,000 after acquiring an additional 280 shares in the last quarter. Finally, Winthrop Partners WNY LLC boosted its holdings in Apple by 3.6% in the first quarter. Winthrop Partners WNY LLC now owns 8,222 shares of the iPhone maker’s stock worth $1,398,000 after acquiring an additional 282 shares in the last quarter. 58.54% of the stock is currently owned by institutional investors and hedge funds.

Apple stock opened at $224.95 on Friday. The firm has a market cap of $1,092.09 billion, a P/E ratio of 24.42, a PEG ratio of 1.95 and a beta of 1.33. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.31 and a quick ratio of 1.24. Apple Inc. has a one year low of $150.24 and a one year high of $229.67.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, July 31st. The iPhone maker reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.16. The company had revenue of $53.27 billion during the quarter, compared to analysts’ expectations of $52.43 billion. Apple had a return on equity of 43.50% and a net margin of 21.98%. Apple’s revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.67 earnings per share. research analysts anticipate that Apple Inc. will post 11.76 earnings per share for the current year.

AAPL has been the topic of several analyst reports. UBS Group initiated coverage on Apple in a report on Wednesday, September 12th. Maxim Group boosted their target price on Apple to $221.00 and gave the stock an “average” rating in a report on Thursday, September 13th. Royal Bank of Canada boosted their target price on Apple to $250.00 and gave the stock an “average” rating in a report on Wednesday. Argus boosted their target price on Apple from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, June 8th. Finally, BidaskClub raised Apple from a “hold” rating to a “buy” rating in a report on Monday, June 18th. Two research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and thirty have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $220.66.

In related news, insider Johny Srouji sold 14,140 shares of the company’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $214.98, for a total transaction of $3,039,817.20. Following the completion of the sale, the insider now owns 68,302 shares in the company, valued at $14,683,563.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 265,160 shares of the company’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $217.79, for a total value of $57,749,196.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 378,400 shares of company stock valued at $81,052,754. 0.08% of the stock is owned by company insiders.

About Apple

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.

See Also: Outstanding Shares and The Effect on Share Price

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