Hartford Investment Management Co Has Lowered Apple INC (AAPL) Stake as Market Value Rose

September 8, 2018 - By Victoria Pittman

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. Skylands Ltd Co invested 7.5% of its portfolio in Apple Inc. (NASDAQ:AAPL). Sigma Planning accumulated 152,705 shares. Sg Americas Securities Llc has invested 3.56% in Apple Inc. (NASDAQ:AAPL). Dynamic Advisor Solutions Ltd Liability Co invested in 2.15% or 49,875 shares. Wealthtrust has 0.94% invested in Apple Inc. (NASDAQ:AAPL). Amica Retiree holds 3.61% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 24,644 shares. Bbva Compass State Bank has 127,100 shares. Harris Associate LP reported 3.81 million shares. Davenport & Lc reported 383,057 shares. Moreover, Vestor Cap Llc has 2.93% invested in Apple Inc. (NASDAQ:AAPL) for 84,398 shares. American Fincl Grp Incorporated invested 3.85% in Apple Inc. (NASDAQ:AAPL). Denver Inv Advisors Limited Liability reported 215,105 shares or 1.89% of all its holdings. Rocky Mountain Advisers Limited Liability Co accumulated 1,078 shares. Brown Brothers Harriman invested in 180,855 shares. Robecosam Ag stated it has 0.16% of its portfolio in Apple Inc. (NASDAQ:AAPL).

Since April 3, 2018, it had 0 insider buys, and 13 selling transactions for $52.58 million activity. $2.94 million worth of Apple Inc. (NASDAQ:AAPL) was sold by Riccio Daniel J. on Wednesday, April 4. SCHILLER PHILIP W had sold 69,491 shares worth $11.56M on Tuesday, April 3. On Thursday, May 3 AHRENDTS ANGELA J sold $6.75M worth of Apple Inc. (NASDAQ:AAPL) or 38,228 shares. The insider LEVINSON ARTHUR D sold 35,000 shares worth $6.51 million. Maestri Luca sold $6.83 million worth of stock or 39,122 shares. Shares for $910,129 were sold by KONDO CHRIS on Wednesday, May 16.

Hartford Investment Management Co decreased its stake in Apple Inc (AAPL) by 8.54% based on its latest 2018Q1 regulatory filing with the SEC. Hartford Investment Management Co sold 95,365 shares as the company’s stock rose 5.37% while stock markets declined. The institutional investor held 1.02 million shares of the computer manufacturing company at the end of 2018Q1, valued at $171.28M, down from 1.12M at the end of the previous reported quarter. Hartford Investment Management Co who had been investing in Apple Inc for a number of months, seems to be less bullish one the $ market cap company. The stock decreased 0.81% or $1.8 during the last trading session, reaching $221.3. About 34.59 million shares traded or 34.96% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 22.56% since September 8, 2017 and is uptrending. It has outperformed by 9.99% the S&P500.

Hartford Investment Management Co, which manages about $5.02 billion US Long portfolio, upped its stake in Ishares Russell Mid (IWS) by 50,610 shares to 139,527 shares, valued at $12.06M in 2018Q1, according to the filing. It also increased its holding in Cobiz Financial Inc (NASDAQ:COBZ) by 245,790 shares in the quarter, for a total of 397,348 shares, and has risen its stake in Spdr S&P Etf Trust (SPY).

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: Benzinga.com which released: “A Look At The ETFs With The Most Inflows And Outflows In August, And What They’ll Do Going Forward” on September 07, 2018, also Fool.com with their article: “Apple Watch Buyers Aren’t Picking the Latest Model” published on September 06, 2018, Nasdaq.com published: “Google Sends Invites to October Event, Expect Pixel 3 Smartphones” on September 07, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Fool.com and their article: “3 Tech Giants With Growing Dividends” published on September 07, 2018 as well as Benzinga.com‘s news article titled: “Canaccord Raises Apple Price Target Ahead Of iPhone Event” with publication date: September 04, 2018.

Apple Inc. (NASDAQ:AAPL) Ratings Coverage

Among 24 analysts covering Apple (NASDAQ:AAPL), 13 have Buy rating, 0 Sell and 11 Hold. Therefore 54% are positive. Apple had 50 analyst reports since March 16, 2018 according to SRatingsIntel. Morgan Stanley maintained Apple Inc. (NASDAQ:AAPL) rating on Friday, April 20. Morgan Stanley has “Overweight” rating and $200 target. The rating was maintained by RBC Capital Markets with “Buy” on Monday, June 25. As per Wednesday, May 30, the company rating was downgraded by Maxim Group. The stock of Apple Inc. (NASDAQ:AAPL) earned “Hold” rating by Deutsche Bank on Wednesday, August 1. Argus Research maintained the stock with “Buy” rating in Friday, June 8 report. BMO Capital Markets maintained Apple Inc. (NASDAQ:AAPL) rating on Wednesday, August 1. BMO Capital Markets has “Market Perform” rating and $199 target. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Wednesday, May 23 by Bank of America. As per Tuesday, April 3, the company rating was initiated by Gabelli. Monness maintained the stock with “Buy” rating in Wednesday, May 2 report. As per Wednesday, May 2, the company rating was maintained by Wells Fargo.

Apple Inc. (NASDAQ:AAPL) Institutional Positions Chart

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