South Dakota Investment Council Decreased Apple INC (AAPL) Holding by $9.47 Million; Shares Rose

July 27, 2018 - By Mary Kidd

Apple Inc. (NASDAQ:AAPL) LogoInvestors sentiment decreased to 0.69 in 2018 Q1. Its down 0.04, from 0.73 in 2017Q4. It turned negative, as 69 investors sold AAPL shares while 1039 reduced holdings. 125 funds opened positions while 645 raised stakes. 2.86 billion shares or 3.74% less from 2.98 billion shares in 2017Q4 were reported. Kazazian Asset Mngmt Ltd Liability Co accumulated 20,630 shares. Williams Jones And Assoc Limited accumulated 2.73% or 700,630 shares. Ferguson Wellman Mgmt reported 370,296 shares stake. Livforsakringsbolaget Skandia Omsesidigt invested 0.1% in Apple Inc. (NASDAQ:AAPL). Compass Capital Mgmt holds 0.04% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 1,754 shares. Bremer Tru National Association has invested 1.9% in Apple Inc. (NASDAQ:AAPL). Kelly Lawrence W And Associates Ca accumulated 166,069 shares. Westend Ltd accumulated 269,656 shares. Ls Invest Advsrs Ltd Llc has invested 2.61% in Apple Inc. (NASDAQ:AAPL). Mcf Advisors Ltd Company holds 0.4% or 12,208 shares in its portfolio. Oregon-based Peregrine Asset Advisers Inc has invested 1.71% in Apple Inc. (NASDAQ:AAPL). Lederer Assoc Counsel Ca has invested 5.05% of its portfolio in Apple Inc. (NASDAQ:AAPL). First Bancorp Of Mount Dora Trust Invest Ser has 2.75% invested in Apple Inc. (NASDAQ:AAPL). 56,206 were reported by Stanley Cap Mgmt Ltd. Wells Fargo & Mn holds 1.34% or 26.95M shares.

Since April 3, 2018, it had 0 buys, and 13 sales for $52.58 million activity. LEVINSON ARTHUR D had sold 35,000 shares worth $6.51M. Another trade for 17,375 shares valued at $2.94 million was made by Riccio Daniel J. on Wednesday, April 4. Srouji Johny sold 14,976 shares worth $2.81 million. $910,129 worth of Apple Inc. (NASDAQ:AAPL) shares were sold by KONDO CHRIS. Another trade for 6,568 shares valued at $1.24 million was sold by AHRENDTS ANGELA J. $11.56 million worth of Apple Inc. (NASDAQ:AAPL) was sold by SCHILLER PHILIP W on Tuesday, April 3.

South Dakota Investment Council decreased its stake in Apple Inc (AAPL) by 6.33% based on its latest 2018Q1 regulatory filing with the SEC. South Dakota Investment Council sold 56,711 shares as the company’s stock rose 5.37% while stock markets declined. The institutional investor held 838,792 shares of the computer manufacturing company at the end of 2018Q1, valued at $140.73 million, down from 895,503 at the end of the previous reported quarter. South Dakota Investment Council who had been investing in Apple Inc for a number of months, seems to be less bullish one the $954.57 billion market cap company. The stock decreased 0.31% or $0.61 during the last trading session, reaching $194.21. About 16.84 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 22.56% since July 27, 2017 and is uptrending. It has outperformed by 9.99% the S&P500.

South Dakota Investment Council, which manages about $4.37 billion US Long portfolio, upped its stake in Exxon Mobil Corp (NYSE:XOM) by 106,200 shares to 187,325 shares, valued at $13.98 million in 2018Q1, according to the filing. It also increased its holding in Discovery Inc (NASDAQ:DISCK) by 180,980 shares in the quarter, for a total of 478,122 shares, and has risen its stake in Kimco Rlty Corp (NYSE:KIM).

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on July, 31 after the close. They expect $2.19 EPS, up 31.14 % or $0.52 from last year’s $1.67 per share. AAPL’s profit will be $10.76B for 22.17 P/E if the $2.19 EPS becomes a reality. After $2.73 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts -19.78 % negative EPS growth.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Nasdaq.com which released: “Thursday Apple Rumors: Apple Car System May React to Passenger Stress” on July 26, 2018, also Seekingalpha.com with their article: “Apple faces two hits from Trump’s tariff threat” published on July 24, 2018, Benzinga.com published: “Upcoming Earnings: Oil Supermajors Chevron And ExxonMobil To Report Friday Morning” on July 26, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Benzinga.com and their article: “Intel Earnings Preview: High Expectations, Still No CEO” published on July 26, 2018 as well as 247Wallst.com‘s news article titled: “6 Most Important Things in Business Today” with publication date: July 25, 2018.

Apple Inc. (NASDAQ:AAPL) Ratings Coverage

Among 34 analysts covering Apple (NASDAQ:AAPL), 19 have Buy rating, 0 Sell and 15 Hold. Therefore 56% are positive. Apple has $235 highest and $157 lowest target. $199.65’s average target is 2.80% above currents $194.21 stock price. Apple had 70 analyst reports since January 31, 2018 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Buy” on Friday, April 20. The firm earned “Hold” rating on Monday, May 21 by Nomura. The firm earned “Buy” rating on Monday, June 25 by RBC Capital Markets. The firm has “Buy” rating by Robert W. Baird given on Wednesday, May 2. On Thursday, April 19 the stock rating was maintained by Wells Fargo with “Hold”. Wells Fargo maintained the shares of AAPL in report on Monday, February 12 with “Hold” rating. RBC Capital Markets maintained the shares of AAPL in report on Wednesday, March 28 with “Buy” rating. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Wednesday, March 7 by Rosenblatt. Canaccord Genuity maintained it with “Buy” rating and $20000 target in Friday, April 20 report. The company was downgraded on Friday, February 2 by Bernstein.

Apple Inc. (NASDAQ:AAPL) Institutional Positions Chart

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