Apple Inc. (NASDAQ:AAPL) Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lessened its stake in Apple Inc. (NASDAQ:AAPL) by 3.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 173,479 shares of the iPhone maker’s stock after selling 5,580 shares during the quarter. Apple makes up approximately 1.8% of GHP Investment Advisors Inc.’s holdings, making the stock its 2nd biggest holding. GHP Investment Advisors Inc.’s holdings in Apple were worth $36,538,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bellwether Advisors LLC increased its stake in Apple by 387.3% during the second quarter. Bellwether Advisors LLC now owns 24,349 shares of the iPhone maker’s stock valued at $5,128,000 after purchasing an additional 19,352 shares during the last quarter. Gentry Private Wealth LLC bought a new position in shares of Apple in the 2nd quarter worth about $876,000. WT Asset Management Ltd acquired a new position in shares of Apple in the 2nd quarter valued at about $80,057,000. TD Asset Management Inc grew its position in shares of Apple by 10.3% during the 2nd quarter. TD Asset Management Inc now owns 16,745,201 shares of the iPhone maker’s stock valued at $3,526,874,000 after buying an additional 1,557,848 shares during the last quarter. Finally, Councilmark Asset Management LLC acquired a new stake in Apple during the first quarter worth about $11,776,000. Institutional investors own 60.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on AAPL shares. Evercore ISI restated a “buy” rating and issued a $250.00 target price on shares of Apple in a research note on Thursday, September 26th. Robert W. Baird boosted their price objective on Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Jefferies Financial Group lowered Apple from a “buy” rating to a “hold” rating and increased their target price for the stock from $205.00 to $212.92 in a research report on Monday, October 7th. Monness Crespi & Hardt reiterated a “buy” rating and issued a $245.00 target price on shares of Apple in a research note on Monday, September 9th. Finally, UBS Group restated a “hold” rating and set a $236.00 price target on shares of Apple in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $235.91.

Insider Activity

In related news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the transaction, the senior vice president now owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the sale, the insider now owns 24,125 shares in the company, valued at $5,223,062.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 517,924 shares of company stock valued at $114,786,399 over the last three months. Insiders own 0.06% of the company’s stock.

Apple Trading Down 1.5 %

Shares of NASDAQ:AAPL opened at $230.10 on Thursday. The stock has a market capitalization of $3.53 trillion, a price-to-earnings ratio of 35.79, a PEG ratio of 2.40 and a beta of 1.24. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.49. The company has a 50 day moving average price of $227.23 and a 200 day moving average price of $211.59. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.06. The business had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $1.26 EPS. On average, research analysts anticipate that Apple Inc. will post 6.65 EPS for the current fiscal year.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.