It also reduced Owens & Minor Inc (NYSE:OMI) stake by 30,048 shares and now owns 852,569 shares. Lenox Wealth invested 0.22% of its portfolio in Apple Inc. CA's investment portfolio, making the stock its largest position. Palo Capital Inc.'s holdings in Apple were worth $3,741,000 as of its most recent filing with the SEC.
Apple also has a problem with iPhone sales in China, as recent data suggests the company is poised to drop out of the country's top 5 vendors list. Lyell Wealth Management LP purchased a new position in Apple during the fourth quarter worth $2,616,000. Bank of Nova Scotia Trust Co. now owns 54,889 shares of the iPhone maker's stock worth $6,357,000 after buying an additional 1,839 shares during the period. Franklin Resources Inc. boosted its stake in shares of Apple by 4.8% in the fourth quarter. American Beacon Advisors Inc. bought a new position in shares of Apple during the first quarter valued at about $117,000. Paradigm Asset Management Limited Com reported 13,700 shares. Dynamic Advisors Solutions LLC now owns 69,407 shares of the company's stock valued at $4,523,000 after buying an additional 60,509 shares during the last quarter. Apple has a 12 month low of $102.53 and a 12 month high of $161.83.
Apple (NASDAQ:AAPL) traded up 0.61% during midday trading on Wednesday, hitting $161.06.
In other Apple news, insider Daniel J. Riccio sold 11,949 shares of the company's stock in a transaction that occurred on Tuesday, May 16th. The company has market cap of $1.15 billion. The stock has a 50-day moving average of $149.31 and a 200 day moving average of $143.92. Apple also was the target of some unusual options trading on Tuesday. Stock traders bought 139,415 put options on the stock. Shares saw a steep increase in trading volume of 0.95% over the normal average daily volume.More news: Blackstone's Invitation Homes to buy Starwood Waypoint in all-stock deal
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AbbVie (NYSE:ABBV) last released its quarterly earnings results on Friday, July 28th. The iPhone maker reported $1.67 EPS for the quarter, beating the Zacks' consensus estimate of $1.57 by $0.10.
While expansion outside of the iPhone is a good thing for Apple, these units won't return the same kind of sales and revenue numbers that AAPL stock investors are used to seeing in the iPhone heydays. The company had revenue of $45.41 billion during the quarter, compared to analyst estimates of $44.94 billion. During the same quarter in the previous year, the firm earned $1.42 earnings per share. Apple's quarterly revenue was up 7.2% compared to the same quarter a year ago. Analysts forecast that Apple Inc. will post $9.02 EPS for the current fiscal year. The ex-dividend date of this dividend is Thursday, August 10th. Stockholders of record on Monday, August 14th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.56%. Apple's dividend payout ratio (DPR) is 28.64%. Thompson Investment Management Inc acquired 9,294 shares as Apple Inc Com (AAPL)'s stock rose 12.78%. This repurchase authorization authorizes the iPhone maker to buy up to 6.5% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued. Novare Management Ltd Liability Co owns 79,754 shares for 2.27% of their portfolio. FSB MO Has $82.38 Million Position in Apple Inc. "(NASDAQ:AAPL)" was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this report on another domain, it was illegally copied and reposted in violation of US and global copyright and trademark law. The original version of this piece can be viewed at https://weekherald.com/2017/08/09/pggm-investments-sells-127319-shares-of-apple-inc-nasdaqaapl-updated-updated.html.
Several equities research analysts recently issued reports on AAPL shares. Goldman Sachs maintained Apple Inc. Drexel Hamilton restated a "buy" rating and issued a $208.00 target price on shares of Apple in a research note on Wednesday. Rosenblatt Securities reiterated a "neutral" rating and issued a $120.00 target price on shares of Apple in a research report on Monday, April 17th. Finally, Deutsche Bank AG raised their target price on AbbVie from $64.00 to $65.00 and gave the company a "hold" rating in a report on Friday, April 28th. Finally, Vetr cut shares of Apple from a "buy" rating to a "hold" rating and set a $164.42 price target for the company.in a research report on Monday. The stock has "Buy" rating by FBN Securities on Wednesday, August 2. The shares were sold at an average price of $154.70, for a total value of $735,907.90. Following the completion of the transaction, the chairman now directly owns 342,353 shares of the company's stock, valued at $24,313,910.06. HOLLOWAY JANET M also sold $393,766 worth of Monsanto Company (NYSE:MON) shares. The stock was sold at an average price of $157.58, for a total transaction of $5,515,300.00. Following the transaction, the insider now directly owns 359,988 shares of the company's stock, valued at approximately $56,903,303.16. Luca Maestri, Sr VP disclosed the sale of 4,757 shares of AAPL stock. Over the last three months, insiders sold 600,026 shares of company stock valued at $41,852,724. Apple Inc. had 276 analyst reports since July 21, 2015 according to SRatingsIntel. The Business's products and services include iPhone, iPad, Mac, iPod, Apple Watch, Apple TV, a portfolio of consumer and professional software applications, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay and a range of accessory, service and support offerings.