Peterson Wealth Advisors LLC Decreases Holdings in Apple Inc. (AAPL)
Peterson Wealth Advisors LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 17.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,209 shares of the iPhone maker’s stock after selling 459 shares during the quarter. Apple accounts for about 0.3% of Peterson Wealth Advisors LLC’s investment portfolio, making the stock its 28th largest holding. Peterson Wealth Advisors LLC’s holdings in Apple were worth $409,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Quattro Financial Advisors LLC purchased a new stake in shares of Apple during the 1st quarter worth about $133,000. Smart Portfolios LLC purchased a new stake in shares of Apple during the 1st quarter worth about $134,000. CX Institutional purchased a new stake in shares of Apple during the 2nd quarter worth about $135,000. Spectrum Financial Alliance Ltd LLC purchased a new stake in shares of Apple during the 1st quarter worth about $138,000. Finally, Macroview Investment Management LLC raised its stake in shares of Apple by 220.3% during the 1st quarter. Macroview Investment Management LLC now owns 900 shares of the iPhone maker’s stock worth $151,000 after purchasing an additional 619 shares in the last quarter. Hedge funds and other institutional investors own 58.58% of the company’s stock.
Shares of NASDAQ AAPL opened at $222.11 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.24 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $1,109.54 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 1.99 and a beta of 1.36. Apple Inc. has a 12 month low of $150.24 and a 12 month high of $233.47.
AAPL has been the subject of a number of recent research reports. New Street Research downgraded Apple from a “neutral” rating to a “sell” rating in a research note on Monday, August 20th. Bank of America raised their price target on Apple from $250.00 to $256.00 and gave the stock a “buy” rating in a research note on Monday, September 10th. Morgan Stanley raised their price target on Apple from $245.00 to $247.00 and gave the stock an “overweight” rating in a research note on Thursday, September 13th. Macquarie set a $214.00 price target on Apple and gave the stock a “buy” rating in a research note on Wednesday, August 15th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $240.00 price target on shares of Apple in a research note on Thursday, September 13th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and thirty have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $221.63.
In other Apple news, COO Jeffrey E. Williams sold 15,652 shares of Apple stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $206.86, for a total value of $3,237,772.72. Following the transaction, the chief operating officer now directly owns 122,837 shares of the company’s stock, valued at approximately $25,410,061.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Arthur D. Levinson sold 20,000 shares of Apple stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $206.58, for a total value of $4,131,600.00. Following the completion of the transaction, the director now directly owns 1,153,283 shares in the company, valued at $238,245,202.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 564,185 shares of company stock worth $124,444,213. Company insiders own 0.06% of the company’s stock.
Apple Company Profile
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
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