Guggenheim Capital LLC Has Cut Its Apple INC (AAPL) Stake by $27.58 Million; Market Value Rose

August 9, 2018 - By Mark Babin

Apple Inc. (NASDAQ:AAPL) LogoInvestors sentiment decreased to 0.69 in 2018 Q1. Its down 0.04, from 0.73 in 2017Q4. It worsened, 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. Mutual Of America Cap Management Ltd Liability Company holds 1.92% or 739,609 shares in its portfolio. Rhumbline Advisers holds 8.64M shares or 3.03% of its portfolio. Wunderlich Managemnt has 11,781 shares for 1.36% of their portfolio. Stevens Cap Limited Partnership stated it has 6,907 shares or 0.04% of all its holdings. Aspiriant Limited Liability Com reported 1.82% in Apple Inc. (NASDAQ:AAPL). Rosenblum Silverman Sutton S F Ca reported 2,796 shares stake. Opus Gru Limited Co holds 0.21% or 4,991 shares in its portfolio. Monroe Fincl Bank Mi owns 12,241 shares. Psagot Invest House stated it has 175,426 shares. Oklahoma-based Gibraltar Cap Mgmt Incorporated has invested 8.4% in Apple Inc. (NASDAQ:AAPL). 39.73M are owned by Goldman Sachs. Peapack Gladstone Financial Corporation reported 0% in Apple Inc. (NASDAQ:AAPL). Mutual Of Omaha National Bank Wealth stated it has 1.26% in Apple Inc. (NASDAQ:AAPL). Vnbtrust Association stated it has 3,874 shares. Burke & Herbert Bank stated it has 18,663 shares or 2.82% of all its holdings.

Since April 3, 2018, it had 0 insider buys, and 13 sales for $52.58 million activity. AHRENDTS ANGELA J had sold 38,228 shares worth $6.75 million on Thursday, May 3. $3.26M worth of Apple Inc. (NASDAQ:AAPL) shares were sold by Riccio Daniel J.. Maestri Luca sold $903,928 worth of stock or 4,769 shares. The insider SCHILLER PHILIP W sold 69,491 shares worth $11.56 million. Another trade for 14,976 shares valued at $2.81 million was sold by Srouji Johny. Shares for $6.51M were sold by LEVINSON ARTHUR D.

Guggenheim Capital Llc decreased its stake in Apple Inc (AAPL) by 6.77% based on its latest 2018Q1 regulatory filing with the SEC. Guggenheim Capital Llc sold 165,175 shares as the company’s stock rose 5.37% while stock markets declined. The institutional investor held 2.28 million shares of the computer manufacturing company at the end of 2018Q1, valued at $381.81 million, down from 2.44M at the end of the previous reported quarter. Guggenheim Capital Llc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $ market cap company. The stock increased 0.07% or $0.14 during the last trading session, reaching $207.25. About 20.04 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 22.56% since August 9, 2017 and is uptrending. It has outperformed by 9.99% the S&P500.

Guggenheim Capital Llc, which manages about $25.60B and $40.99 billion US Long portfolio, upped its stake in Pinnacle West Cap Corp (NYSE:PNW) by 80,467 shares to 636,137 shares, valued at $50.76M in 2018Q1, according to the filing. It also increased its holding in Maximus Inc (NYSE:MMS) by 52,543 shares in the quarter, for a total of 143,258 shares, and has risen its stake in Voya Finl Inc (NYSE:VOYA).

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on November, 1. They expect $2.75 EPS, up 32.85 % or $0.68 from last year’s $2.07 per share. After $2.34 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts 17.52 % EPS growth.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Seekingalpha.com which released: “If I Had A Trillion Dollars” on August 03, 2018, also Seekingalpha.com with their article: “Stocks To Watch: Meet The New Ford” published on August 04, 2018, Nasdaq.com published: “Apple (AAPL) Stock Surges on Q3 Earnings Beat” on August 01, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Seekingalpha.com and their article: “Apple: Bigger Is Better? Maybe Not; Try Microsoft” published on August 06, 2018 as well as Seekingalpha.com‘s news article titled: “A Trillion Dollar Company That’s Still Undervalued” with publication date: August 06, 2018.

Apple Inc. (NASDAQ:AAPL) Ratings Coverage

Among 28 analysts covering Apple Inc (NASDAQ:AAPL), 15 have Buy rating, 0 Sell and 13 Hold. Therefore 54% are positive. Apple Inc has $235 highest and $157 lowest target. $203.59’s average target is -1.77% below currents $207.25 stock price. Apple Inc had 55 analyst reports since February 12, 2018 according to SRatingsIntel. On Wednesday, May 2 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The stock has “Buy” rating by RBC Capital Markets on Wednesday, March 28. The rating was maintained by Canaccord Genuity with “Buy” on Friday, April 20. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Wednesday, May 2 by Robert W. Baird. The company was maintained on Tuesday, April 3 by Bank of America. The stock of Apple Inc. (NASDAQ:AAPL) has “Hold” rating given on Wednesday, May 30 by Maxim Group. Nomura maintained the shares of AAPL in report on Monday, May 21 with “Hold” rating. The company was maintained on Monday, March 5 by Bank of America. The firm has “Hold” rating given on Wednesday, March 7 by Stifel Nicolaus. On Thursday, May 17 the stock rating was maintained by Canaccord Genuity with “Buy”.

Apple Inc. (NASDAQ:AAPL) Institutional Positions Chart

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