YHB Investment Advisors Inc. trimmed its holdings in Apple (NASDAQ:AAPL) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,724 shares of the iPhone maker’s stock after selling 2,203 shares during the period. Apple accounts for 3.5% of YHB Investment Advisors Inc.’s holdings, making the stock its 3rd largest position. YHB Investment Advisors Inc.’s holdings in Apple were worth $20,769,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Beach Investment Management LLC. raised its position in Apple by 1,517.7% during the second quarter. Beach Investment Management LLC. now owns 178,109 shares of the iPhone maker’s stock valued at $25,651,000 after purchasing an additional 167,099 shares in the last quarter. Catalyst Capital Advisors LLC raised its position in Apple by 39.8% during the second quarter. Catalyst Capital Advisors LLC now owns 69,900 shares of the iPhone maker’s stock valued at $10,067,000 after purchasing an additional 19,900 shares in the last quarter. IFC Holdings Incorporated FL raised its position in Apple by 1.1% during the second quarter. IFC Holdings Incorporated FL now owns 85,072 shares of the iPhone maker’s stock valued at $12,224,000 after purchasing an additional 885 shares in the last quarter. Wedbush Securities Inc. raised its position in Apple by 3.6% during the second quarter. Wedbush Securities Inc. now owns 156,649 shares of the iPhone maker’s stock valued at $22,561,000 after purchasing an additional 5,435 shares in the last quarter. Finally, Berkeley Capital Partners LLC raised its position in Apple by 0.6% during the second quarter. Berkeley Capital Partners LLC now owns 4,369 shares of the iPhone maker’s stock valued at $629,000 after purchasing an additional 26 shares in the last quarter. Institutional investors own 61.35% of the company’s stock.
AAPL opened at $167.78 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.74. Apple has a fifty-two week low of $140.06 and a fifty-two week high of $183.50. The stock has a market capitalization of $851,317.94, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.27 and a beta of 1.25.
In related news, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $174.78, for a total value of $2,733,733.98. Following the sale, the insider now owns 13,739 shares in the company, valued at approximately $2,401,302.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.06% of the company’s stock.
AAPL has been the subject of several research analyst reports. Macquarie set a $188.00 price objective on shares of Apple and gave the company a “buy” rating in a research report on Friday, January 26th. ValuEngine raised shares of Apple from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Barclays decreased their target price on shares of Apple from $170.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Friday, March 16th. Zacks Investment Research raised shares of Apple from a “hold” rating to a “buy” rating and set a $197.00 target price on the stock in a research note on Thursday, January 18th. Finally, Piper Jaffray reaffirmed a “buy” rating and set a $200.00 target price on shares of Apple in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $202.52.
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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.
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