Cadence Bank NA lowered its stake in Apple Inc. (NASDAQ:AAPL) by 1.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,215 shares of the iPhone maker’s stock after selling 381 shares during the quarter. Apple makes up 1.2% of Cadence Bank NA’s investment portfolio, making the stock its 15th largest holding. Cadence Bank NA’s holdings in Apple were worth $3,269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of AAPL. Stone House Investment Management LLC lifted its holdings 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 valued at $226,000 after buying an additional 6 shares during the last quarter. Jackson Grant Investment Advisers Inc. lifted its holdings in shares of Apple by 0.3% during the 2nd quarter. 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 last quarter. Lenox Wealth Advisors Inc. lifted its holdings in shares of Apple by 0.4% during the 2nd quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock valued at $716,000 after buying an additional 20 shares during the last quarter. Karp Capital Management Corp lifted its holdings in shares of Apple by 1.6% 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 last quarter. Finally, Welch Investments LLC lifted its holdings in shares of Apple by 1.5% during the 2nd quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock valued at $231,000 after buying an additional 23 shares during the last quarter. 60.19% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on the company. Bank of America lowered Apple from a “buy” rating to a “neutral” rating and lifted their price target for the company from $180.00 to $220.00 in a report on Wednesday. Zacks Investment Research upgraded Apple from a “hold” rating to a “buy” rating and set a $197.00 price target for the company in a report on Thursday. Barclays set a $174.00 target price on Apple and gave the stock a “neutral” rating in a report on Thursday. Longbow Research lowered Apple from a “buy” rating to a “neutral” rating in a report on Wednesday. Finally, Nomura set a $185.00 target price on Apple and gave the stock a “buy” rating in a report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, thirty-nine have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $200.25.

Shares of Apple Inc. (NASDAQ AAPL) opened at $179.26 on Friday. The stock has a market capitalization of $920,380.00, a P/E ratio of 19.51, a PEG ratio of 1.44 and a beta of 1.23. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. Apple Inc. has a 1 year low of $119.37 and a 1 year high of $180.10.

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

In other news, insider Eduardo H. Cue sold 65,361 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $171.60, for a total transaction of $11,215,947.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Johny Srouji sold 10,368 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $174.68, for a total value of $1,811,082.24. Following the sale, the insider now owns 81,560 shares in the company, valued at $14,246,900.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,412 shares of company stock worth $22,115,155. 0.08% of the stock is currently owned by company insiders.

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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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