Apple (AAPL) Shares Sold by Nexus Investment Management Inc.

Nexus Investment Management Inc. decreased its stake in Apple (NASDAQ:AAPL) by 0.2% during the 4th quarter, Holdings Channel reports. The fund owned 192,296 shares of the iPhone maker’s stock after selling 359 shares during the period. Apple comprises approximately 4.8% of Nexus Investment Management Inc.’s portfolio, making the stock its 6th biggest holding. Nexus Investment Management Inc.’s holdings in Apple were worth $32,542,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. FNY Managed Accounts LLC boosted its stake in Apple by 852.4% during the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after buying an additional 716 shares in the last quarter. Private Vista LLC acquired a new stake in Apple during the second quarter worth $122,000. Crow Point Partners LLC boosted its stake in Apple by 100.0% during the third quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock worth $153,000 after buying an additional 500 shares in the last quarter. Oak Point Wealth Management acquired a new stake in Apple during the fourth quarter worth $163,000. Finally, Reaves W H & Co. Inc. acquired a new stake in Apple during the second quarter worth $200,000. Institutional investors and hedge funds own 61.33% of the company’s stock.

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Apple stock opened at $164.94 on Friday. The stock has a market capitalization of $836,907.75, a PE ratio of 16.95, a PEG ratio of 1.25 and a beta of 1.19. Apple has a 12-month low of $138.62 and a 12-month high of $183.50. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.82 by $0.07. Apple had a return on equity of 37.37% and a net margin of 21.13%. The business had revenue of $88.29 billion during the quarter, compared to analyst estimates of $87.62 billion. During the same period in the previous year, the firm earned $3.36 EPS. Apple’s quarterly revenue was up 12.7% compared to the same quarter last year. equities research analysts predict that Apple will post 11.38 earnings per share for the current fiscal year.

In related news, insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $174.78, for a total value of $2,733,733.98. Following the completion of the transaction, the insider now directly owns 13,739 shares in the company, valued at approximately $2,401,302.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.08% of the stock is currently owned by insiders.

A number of equities research analysts have weighed in on AAPL shares. Citigroup reiterated a “buy” rating and set a $200.00 price target on shares of Apple in a research note on Wednesday, December 13th. Bank of America downgraded shares of Apple from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $180.00 to $220.00 in a research note on Wednesday, January 17th. Cascend Securities lifted their price target on shares of Apple from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Nomura set a $185.00 price target on shares of Apple and gave the stock a “buy” rating in a research note on Monday, November 27th. Finally, UBS set a $190.00 price target on shares of Apple and gave the stock a “buy” rating in a research note on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, thirty-two have assigned a buy rating and two have assigned a strong buy rating to the company. Apple currently has a consensus rating of “Buy” and a consensus price target of $201.69.

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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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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