Apple Inc. (AAPL) is WMS Partners LLC’s 5th Largest Position

WMS Partners LLC lessened its position in Apple Inc. (NASDAQ:AAPL) by 1.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 183,103 shares of the iPhone maker’s stock after selling 3,126 shares during the quarter. Apple comprises about 3.4% of WMS Partners LLC’s investment portfolio, making the stock its 5th biggest position. WMS Partners LLC’s holdings in Apple were worth $28,220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Stone House Investment Management LLC increased 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 worth $226,000 after purchasing an additional 6 shares during the period. Jackson Grant Investment Advisers Inc. increased 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 worth $782,000 after purchasing an additional 17 shares during the period. Lenox Wealth Advisors Inc. increased 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 worth $716,000 after purchasing an additional 20 shares during the period. Karp Capital Management Corp increased 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 worth $206,000 after purchasing an additional 22 shares during the period. Finally, Welch Investments LLC increased 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 worth $231,000 after purchasing an additional 23 shares during the period. Hedge funds and other institutional investors own 60.19% of the company’s stock.

Shares of Apple Inc. (AAPL) opened at $179.10 on Thursday. 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 12-month low of $119.37 and a 12-month high of $179.39. The stock has a market cap of $919,560.00, a price-to-earnings ratio of 19.49, a PEG ratio of 1.44 and a beta of 1.23.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. During the same quarter in the prior year, the firm earned $1.50 earnings per share. The firm’s revenue was up 12.2% compared to the same quarter last year. research analysts expect that Apple Inc. will post 11.18 EPS for the current fiscal year.

In other news, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total transaction of $2,695,726.35. Following the completion of the sale, the insider now owns 39,682 shares of the company’s stock, valued at $6,839,192.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Johny Srouji sold 5,760 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the sale, the senior vice president now directly owns 81,560 shares of the company’s stock, valued at approximately $14,224,064. 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 three months. 0.08% of the stock is owned by insiders.

Several research analysts have recently issued reports on AAPL shares. Bank of America restated a “buy” rating and set a $180.00 price objective on shares of Apple in a report on Tuesday, September 26th. Sanford C. Bernstein restated a “buy” rating and set a $175.00 price objective on shares of Apple in a report on Tuesday, September 26th. Drexel Hamilton restated a “buy” rating and set a $208.00 price objective on shares of Apple in a report on Monday, September 25th. Nomura set a $185.00 price objective on shares of Apple and gave the stock a “buy” rating in a report on Monday, September 25th. Finally, Citigroup restated a “buy” rating and set a $170.00 price objective on shares of Apple in a report on Friday, September 22nd. One 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 given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $199.83.

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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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