Apple Inc. (AAPL) Stake Lessened by Huntington National Bank

Huntington National Bank decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 722,979 shares of the iPhone maker’s stock after selling 23,694 shares during the period. Apple comprises approximately 1.9% of Huntington National Bank’s holdings, making the stock its 5th largest position. Huntington National Bank’s holdings in Apple were worth $111,426,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AAPL. Stone House Investment Management LLC boosted its holdings in Apple by 0.4% in the 2nd quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock worth $226,000 after buying an additional 6 shares during the period. Jackson Grant Investment Advisers Inc. boosted its holdings in Apple by 0.3% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock worth $782,000 after buying an additional 17 shares during the period. Lenox Wealth Advisors Inc. boosted its holdings in Apple by 0.4% in the 2nd quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock worth $716,000 after buying an additional 20 shares during the period. Karp Capital Management Corp boosted its holdings in Apple by 1.6% in the 2nd quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock worth $206,000 after buying an additional 22 shares during the period. Finally, Welch Investments LLC boosted its holdings in Apple by 1.5% in the 2nd quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock worth $231,000 after buying an additional 23 shares during the period. 59.61% of the stock is owned by hedge funds and other institutional investors.

Shares of Apple Inc. (AAPL) opened at $175.00 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. Apple Inc. has a 1 year low of $116.47 and a 1 year high of $177.20. The firm has a market cap of $908,730.00, a PE ratio of 19.04, a P/E/G ratio of 1.41 and a beta of 1.23.

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

In related news, insider Eduardo H. Cue sold 65,361 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $171.60, for a total value of $11,215,947.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Johny Srouji sold 5,760 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the completion of the sale, 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. Insiders sold a total of 112,771 shares of company stock worth $19,381,421 over the last three months. 0.08% of the stock is currently owned by corporate insiders.

AAPL has been the topic of several research analyst reports. Bank of America reiterated a “buy” rating and issued a $180.00 price target on shares of Apple in a research note on Wednesday, September 13th. Instinet reiterated a “buy” rating and issued a $185.00 price target on shares of Apple in a research note on Wednesday, September 13th. Canaccord Genuity reiterated a “buy” rating and issued a $180.00 price target on shares of Apple in a research note on Wednesday, September 13th. Drexel Hamilton reiterated a “buy” rating and issued a $208.00 price target on shares of Apple in a research note on Wednesday, September 13th. Finally, UBS Group reiterated a “buy” rating and issued a $180.00 price target on shares of Apple in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. Apple has an average rating of “Buy” and a consensus price target of $198.70.

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Apple Profile

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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