YorkBridge Wealth Partners LLC cut its stake in Apple Inc. (NASDAQ:AAPL) by 2.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,558 shares of the iPhone maker’s stock after selling 962 shares during the period. Apple comprises approximately 3.4% of YorkBridge Wealth Partners LLC’s portfolio, making the stock its largest position. YorkBridge Wealth Partners LLC’s holdings in Apple were worth $6,559,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Cable Hill Partners LLC boosted its holdings in shares of Apple by 10.6% during the third quarter. Cable Hill Partners LLC now owns 13,405 shares of the iPhone maker’s stock worth $2,066,000 after purchasing an additional 1,288 shares during the period. Linscomb & Williams Inc. boosted its holdings in shares of Apple by 4.0% during the third quarter. Linscomb & Williams Inc. now owns 53,934 shares of the iPhone maker’s stock worth $8,312,000 after purchasing an additional 2,060 shares during the period. Markel Corp boosted its holdings in shares of Apple by 9.7% during the third quarter. Markel Corp now owns 113,100 shares of the iPhone maker’s stock worth $17,431,000 after purchasing an additional 10,000 shares during the period. Hoertkorn Richard Charles boosted its holdings in shares of Apple by 0.8% during the third quarter. Hoertkorn Richard Charles now owns 45,631 shares of the iPhone maker’s stock worth $7,033,000 after purchasing an additional 350 shares during the period. Finally, Northern Capital Management LLC boosted its holdings in shares of Apple by 10.6% during the third quarter. Northern Capital Management LLC now owns 52,207 shares of the iPhone maker’s stock worth $8,046,000 after purchasing an additional 4,990 shares during the period. Institutional investors own 60.19% of the company’s stock.

AAPL has been the subject of a number of analyst reports. ValuEngine upgraded shares of Apple from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Piper Jaffray Companies reiterated a “buy” rating and set a $200.00 target price on shares of Apple in a report on Tuesday, January 2nd. BMO Capital Markets reiterated a “buy” rating and set a $199.00 target price on shares of Apple in a report on Wednesday, December 20th. Rosenblatt Securities set a $180.00 target price on shares of Apple and gave the stock a “buy” rating in a report on Tuesday, December 26th. Finally, Wells Fargo & Co reiterated a “market perform” rating and set a $195.00 target price on shares of Apple in a report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $200.59.

Apple Inc. (NASDAQ:AAPL) opened at $178.46 on Friday. Apple Inc. has a one year low of $119.50 and a one year high of $180.10. The firm has a market cap of $912,180.00, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 1.45 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 (NASDAQ:AAPL) last announced its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. During the same quarter last year, the firm earned $1.50 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. equities research analysts expect that Apple Inc. will post 11.15 EPS for the current fiscal year.

In other Apple news, insider Daniel J. Riccio sold 15,641 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $169.69, for a total transaction of $2,654,121.29. Following the completion of the transaction, the insider now owns 17,341 shares of the company’s stock, valued at $2,942,594.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eduardo H. Cue sold 65,361 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $171.60, for a total transaction of $11,215,947.60. The disclosure for this sale can be found here. Insiders have sold 128,412 shares of company stock valued at $22,115,155 in the last ninety days. Insiders own 0.08% of the company’s stock.

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Apple 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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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