Apple (AAPL) Lowered to Sell at BidaskClub

A customer tests the features of the newly launched iPhone X at VIVA telecommunication store in Manama

A customer tests the features of the newly launched iPhone X at VIVA telecommunication store in Manama

The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Janus Henderson Group PLC now owns 20,003,587 shares of the iPhone maker's stock worth $2,880,992,000 after buying an additional 15,018,790 shares in the last quarter.

Several institutional investors have recently modified their holdings of AAPL. Harbour Capital Advisors LLC boosted its stake in shares of Apple by 14,030.2% in the second quarter.

Middleton & Co Inc MA boosted its stake in Apple Inc. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker's stock valued at $782,000 after buying an additional 17 shares during the period. Finally, Armbruster Capital Management Inc. raised its stake in Apple by 9.4% during the 2nd quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker's stock valued at $206,000 after buying an additional 22 shares during the period. FNY Managed Accounts LLC increased its holdings in Apple by 852.4% in the 2nd quarter. They now have an overweight rating on the iPhone maker's stock. Capital Research Global Investors boosted its stake in shares of Apple by 15.0% in the second quarter.

Shares of Apple Inc.

Apple (NASDAQ:AAPL) opened at $156.41 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. The firm has a market cap of $793,630.00, a P/E ratio of 16.09, a PEG ratio of 1.18 and a beta of 1.33. Apple Inc. has a 1-year low of $132.05 and a 1-year high of $180.10.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $3.89 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $3.82 by $0.07. The business had revenue of $88.29 billion for the quarter, compared to the consensus estimate of $87.62 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. During the same quarter in the previous year, the business earned $1.42 EPS. Investors of record on Monday, February 12th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.61%. Also, SVP Johny Srouji sold 5,760 shares of the company's stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $161.00, for a total transaction of $948,612.00. In the last quarter, insiders sold 432,930 shares of company stock valued at $69,008,577. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

In other news, insider Daniel J. Riccio sold 15,641 shares of the company's stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $160.63, for a total value of $43,148,912.49. Following the completion of the sale, the insider now directly owns 39,682 shares in the company, valued at $6,839,192.70. The disclosure for this sale can be found here. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker's stock valued at $115,000 after purchasing an additional 716 shares during the last quarter.

A number of other equities analysts also recently weighed in on the stock.

Apple (NASDAQ:AAPL) was downgraded by research analysts at BidaskClub from a "hold" rating to a "sell" rating in a report released on Friday, January 26th. Sanford C. Bernstein set a $195.00 price target on shares of Apple and gave the stock a "buy" rating in a report on Wednesday, January 24th. William Blair reiterated an "outperform" rating on shares of Apple in a research note on Friday, February 2nd. Morgan Stanley cut their price target on shares of Apple from $205.00 to $200.00 and set an "overweight" rating on the stock in a report on Thursday, January 25th. Citigroup reaffirmed a buy rating and issued a $200.00 target price (up previously from $170.00) on shares of Apple in a report on Friday, November 3rd. Ten analysts have rated the stock with a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the stock. Apple presently has a consensus rating of "Buy" and a consensus target price of $201.72.

TRADEMARK VIOLATION NOTICE: This article was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. The legal version of this piece can be viewed at https://registrarjournal.com/2018/02/11/swiss-national-bank-purchases-79100-shares-of-apple-inc-aapl.html. Jarislowsky Fraser Ltd boosted its position in shares of Apple by 18.1% during the 4th quarter. 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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