Butensky & Cohen Financial Security Inc. Has $2.38 Million Stake in Apple (AAPL)

Butensky & Cohen Financial Security Inc. decreased its holdings in Apple (NASDAQ:AAPL) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,043 shares of the iPhone maker’s stock after selling 517 shares during the quarter. Apple accounts for approximately 2.0% of Butensky & Cohen Financial Security Inc.’s holdings, making the stock its 5th biggest holding. Butensky & Cohen Financial Security Inc.’s holdings in Apple were worth $2,376,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Stone House Investment Management LLC increased its position in shares of Apple by 0.4% during the 2nd quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock worth $226,000 after purchasing an additional 6 shares in the last quarter. Jackson Grant Investment Advisers Inc. grew its holdings in Apple by 0.3% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock worth $782,000 after acquiring an additional 17 shares during the last quarter. Karp Capital Management Corp grew its holdings in Apple by 1.6% during the 2nd quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock worth $206,000 after acquiring an additional 22 shares during the last quarter. Berkeley Capital Partners LLC grew its holdings in Apple by 0.6% during the 2nd quarter. Berkeley Capital Partners LLC now owns 4,369 shares of the iPhone maker’s stock worth $629,000 after acquiring an additional 26 shares during the last quarter. Finally, Cutler Investment Counsel LLC grew its holdings in Apple by 1.0% during the 2nd quarter. Cutler Investment Counsel LLC now owns 3,968 shares of the iPhone maker’s stock worth $571,000 after acquiring an additional 38 shares during the last quarter. Institutional investors own 61.35% of the company’s stock.

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Shares of AAPL stock opened at $168.38 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.20 and a current ratio of 1.24. The company has a market cap of $854,362.38, a price-to-earnings ratio of 18.28, a P/E/G ratio of 1.28 and a beta of 1.25. Apple has a 52 week low of $140.06 and a 52 week high of $183.50.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $3.89 EPS for the quarter, topping the consensus estimate of $3.82 by $0.07. The firm had revenue of $88.29 billion for the quarter, compared to the consensus estimate of $87.62 billion. Apple had a net margin of 21.13% and a return on equity of 37.37%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the company posted $3.36 EPS. analysts forecast that Apple will post 11.37 EPS for the current year.

In other Apple news, insider Philip W. Schiller sold 69,491 shares of the firm’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $166.42, for a total transaction of $11,564,692.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Daniel J. Riccio sold 17,375 shares of the firm’s stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $169.12, for a total transaction of $2,938,460.00. Following the sale, the senior vice president now owns 66,191 shares in the company, valued at $11,194,221.92. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.

A number of equities research analysts have commented on AAPL shares. UBS set a $190.00 price objective on shares of Apple and gave the stock a “buy” rating in a report on Friday, January 5th. Morgan Stanley reissued a “buy” rating and set a $205.00 price objective (up previously from $200.00) on shares of Apple in a report on Tuesday, January 23rd. Sanford C. Bernstein lowered shares of Apple from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $195.00 to $170.00 in a report on Friday, February 2nd. HSBC set a $204.00 price objective on shares of Apple and gave the stock a “buy” rating in a report on Tuesday, January 30th. Finally, Vetr raised shares of Apple from a “hold” rating to a “buy” rating and set a $184.49 price objective on the stock in a report on Monday, March 5th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $202.52.

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Apple Company 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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