The Capital One National Association Decreases Stake in Apple Inc. (AAPL)

The Capital One National Association Decreases Stake in Apple Inc. (AAPL)

Capital One National Association lowered its stake in Apple Inc. (NASDAQ:AAPL) by 2.8% during the third quarter, Holdings Channel reports. The fund owned 279,135 shares of the iPhone maker’s stock after selling 7,956 shares during the period. Apple comprises about 2.5% of Capital One National Association’s holdings, making the stock its 5th largest position. Capital One National Association’s holdings in Apple were worth $31,557,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Cohen & Steers Inc. increased its stake in Apple by 6,771.0% in the second quarter. Cohen & Steers Inc. now owns 22,633,195 shares of the iPhone maker’s stock valued at $999,482,000 after buying an additional 22,303,795 shares during the last quarter. Magellan Asset Management Ltd increased its stake in Apple by 56.9% in the second quarter. Magellan Asset Management Ltd now owns 15,294,140 shares of the iPhone maker’s stock valued at $1,462,120,000 after buying an additional 5,543,465 shares during the last quarter. Nordea Investment Management AB increased its stake in Apple by 87.4% in the second quarter. Nordea Investment Management AB now owns 10,195,750 shares of the iPhone maker’s stock valued at $974,714,000 after buying an additional 4,755,361 shares during the last quarter. Franklin Resources Inc. increased its stake in Apple by 20.2% in the second quarter. Franklin Resources Inc. now owns 17,027,764 shares of the iPhone maker’s stock valued at $1,627,849,000 after buying an additional 2,857,040 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in Apple by 44.4% in the second quarter. Canada Pension Plan Investment Board now owns 9,241,185 shares of the iPhone maker’s stock valued at $883,457,000 after buying an additional 2,842,381 shares during the last quarter. 57.75% of the stock is owned by institutional investors.

Apple Inc. (NASDAQ:AAPL) opened at 119.99 on Thursday. The stock has a 50 day moving average price of $115.59 and a 200 day moving average price of $110.41. Apple Inc. has a 52 week low of $89.47 and a 52 week high of $120.50. The stock has a market cap of $639.82 billion, a PE ratio of 14.44 and a beta of 1.30.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, October 25th. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.66 by $0.01. Apple had a return on equity of 35.59% and a net margin of 21.19%. The business had revenue of $46.85 billion for the quarter, compared to the consensus estimate of $46.88 billion. During the same period in the prior year, the business earned $1.96 earnings per share. The business’s revenue was down 9.0% on a year-over-year basis. On average, equities analysts predict that Apple Inc. will post $8.95 earnings per share for the current year.

Several research analysts recently weighed in on AAPL shares. Goldman Sachs Group Inc. restated a “buy” rating and set a $124.00 price target on shares of Apple in a report on Wednesday, October 12th. Citigroup Inc. boosted their target price on shares of Apple from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, September 30th. Brean Capital reiterated a “buy” rating on shares of Apple in a research note on Friday, January 6th. Nomura reiterated a “buy” rating and issued a $135.00 target price on shares of Apple in a research note on Tuesday, December 6th. Finally, Morgan Stanley reiterated an “outperform” rating and issued a $123.00 target price on shares of Apple in a research note on Monday, September 26th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, forty-two have assigned a buy rating and three have given a strong buy rating to the company’s stock. Apple has a consensus rating of “Buy” and an average target price of $129.71.

In related news, insider Daniel J. Riccio sold 33,323 shares of the stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $110.35, for a total transaction of $3,677,193.05. Following the transaction, the insider now directly owns 32,484 shares in the company, valued at $3,584,609.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Luca Maestri sold 2,300 shares of the stock in a transaction dated Wednesday, December 28th. The stock was sold at an average price of $117.67, for a total value of $270,641.00. Following the transaction, the insider now owns 4,632 shares in the company, valued at $545,047.44. The disclosure for this sale can be found here. 0.08% of the stock is owned by insiders.

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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