Delaney Dennis R cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,699 shares of the iPhone maker’s stock after selling 20 shares during the period. Apple makes up about 3.1% of Delaney Dennis R’s holdings, making the stock its 12th biggest position. Delaney Dennis R’s holdings in Apple were worth $1,541,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the company. FC Advisory LLC raised its position in shares of Apple by 0.4% during the second quarter. FC Advisory LLC now owns 2,576 shares of the iPhone maker’s stock worth $371,000 after purchasing an additional 10 shares during the period. Stonehearth Capital Management LLC raised its position in shares of Apple by 0.8% during the first quarter. Stonehearth Capital Management LLC now owns 2,378 shares of the iPhone maker’s stock worth $342,000 after purchasing an additional 20 shares during the period. Lenox Wealth Advisors Inc. raised its position in shares of Apple by 0.4% during the second quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock worth $716,000 after purchasing an additional 20 shares during the period. BerganKDV Wealth Management LLC raised its position in shares of Apple by 0.4% during the second quarter. BerganKDV Wealth Management LLC now owns 5,614 shares of the iPhone maker’s stock worth $809,000 after purchasing an additional 20 shares during the period. Finally, Sippican Capital Advisors raised its position in shares of Apple by 0.5% during the first quarter. Sippican Capital Advisors now owns 4,912 shares of the iPhone maker’s stock worth $706,000 after purchasing an additional 26 shares during the period. 60.33% of the stock is currently owned by institutional investors.

In other Apple news, SVP D Bruce Sewell sold 31,625 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $158.13, for a total transaction of $5,000,861.25. Following the sale, the senior vice president now owns 112,430 shares of the company’s stock, valued at $17,778,555.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 268,623 shares of the company’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $160.63, for a total transaction of $43,148,912.49. The disclosure for this sale can be found here. Insiders sold 541,177 shares of company stock valued at $85,864,804 over the last 90 days. 0.08% of the stock is currently owned by company insiders.

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Apple Inc. (AAPL) traded up 0.86% during midday trading on Friday, hitting $157.32. 8,526,467 shares of the company were exchanged. The firm has a market capitalization of $812.59 billion, a PE ratio of 17.86 and a beta of 1.27. Apple Inc. has a 1-year low of $104.08 and a 1-year high of $164.94. The stock has a 50 day moving average of $157.31 and a 200 day moving average of $152.01.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.10. The business had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. Apple’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 earnings per share. On average, equities analysts predict that Apple Inc. will post $9.01 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on AAPL. Vetr raised Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 target price on the stock in a research report on Friday, September 22nd. Rosenblatt Securities reissued a “hold” rating and set a $150.00 price target on shares of Apple in a research report on Sunday, October 15th. Nomura reissued a “buy” rating and set a $165.00 price target on shares of Apple in a research report on Wednesday, July 5th. Bank of America Corporation reissued a “buy” rating and set a $180.00 price target on shares of Apple in a research report on Tuesday, September 26th. Finally, Pacific Crest raised Apple from a “sector weight” rating to an “overweight” rating and set a $187.00 price target on the stock in a research report on Monday. Seven analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $190.67.

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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