Penn Davis Mcfarland INC Has Lowered Its Apple INC (AAPL) Position by $5.93 Million as Market Valuation Rose

September 16, 2018 - By Jason Dias

Apple Inc. (NASDAQ:AAPL) LogoInvestors sentiment increased to 0.71 in 2018 Q2. Its up 0.02, from 0.69 in 2018Q1. It increased, as 57 investors sold AAPL shares while 1002 reduced holdings. 132 funds opened positions while 622 raised stakes. 2.77 billion shares or 3.26% less from 2.86 billion shares in 2018Q1 were reported. Bessemer Gp Inc reported 3.37 million shares stake. Nordea Mgmt Ab accumulated 3.88% or 8.73 million shares. Guardian Ltd Partnership, a Ontario – Canada-based fund reported 156,604 shares. 71,336 are owned by First Foundation Advsrs. Moreover, Randolph Communication has 6.59% invested in Apple Inc. (NASDAQ:AAPL). Ashmore Wealth Ltd Com has invested 13.28% of its portfolio in Apple Inc. (NASDAQ:AAPL). Stillwater Cap Advisors Limited holds 105,092 shares. Nomura invested in 0.35% or 690,474 shares. State Treasurer State Of Michigan holds 2.49M shares. Westover Limited Liability Corp stated it has 3.68% in Apple Inc. (NASDAQ:AAPL). Moreover, Seminole Management Com Inc has 2.59% invested in Apple Inc. (NASDAQ:AAPL) for 52,400 shares. Honeywell Int, a New Jersey-based fund reported 146,300 shares. Saba Capital Limited Partnership stated it has 53,767 shares or 0.62% of all its holdings. Convergence Inv Ptnrs Ltd Liability Co stated it has 1.42% in Apple Inc. (NASDAQ:AAPL). 24,600 were reported by Archford Cap Strategies Ltd Com.

Since April 3, 2018, it had 0 insider buys, and 13 sales for $52.58 million activity. Riccio Daniel J. had sold 17,375 shares worth $2.94M. SCHILLER PHILIP W had sold 69,491 shares worth $11.56 million on Tuesday, April 3. Another trade for 39,122 shares valued at $6.83M was made by Maestri Luca on Thursday, April 12. $6.51M worth of Apple Inc. (NASDAQ:AAPL) was sold by LEVINSON ARTHUR D on Wednesday, May 9. WILLIAMS JEFFREY E also sold $2.98 million worth of Apple Inc. (NASDAQ:AAPL) on Monday, July 9. 14,976 Apple Inc. (NASDAQ:AAPL) shares with value of $2.81M were sold by Srouji Johny.

Penn Davis Mcfarland Inc decreased its stake in Apple Inc. (AAPL) by 29.63% based on its latest 2018Q2 regulatory filing with the SEC. Penn Davis Mcfarland Inc sold 32,074 shares as the company’s stock rose 15.93% with the market. The institutional investor held 76,164 shares of the computer manufacturing company at the end of 2018Q2, valued at $14.10M, down from 108,238 at the end of the previous reported quarter. Penn Davis Mcfarland Inc 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 1.14% or $2.57 during the last trading session, reaching $223.84. About 32.00 million shares traded or 20.57% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 37.43% since September 16, 2017 and is uptrending. It has outperformed by 21.81% the S&P500.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on November, 1. They expect $2.75 earnings per share, up 32.85 % or $0.68 from last year’s $2.07 per share. After $2.34 actual earnings per share 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: Techcrunch.com which released: “Here’s how Apple’s stock fared during today’s big hardware event” on September 12, 2018, also Seekingalpha.com with their article: “Evidence For The Coming Apple Car?” published on September 11, 2018, Seekingalpha.com published: “Report: LG Display becomes iPhone’s second OLED supplier” on September 14, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Benzinga.com and their article: “IRhythm Still Kicking After Shock Of Apple Competition” published on September 13, 2018 as well as Nasdaq.com‘s news article titled: “Friday Apple Rumors: iPhone XS Max Shipping Times Are Falling Behind” with publication date: September 15, 2018.

Apple Inc. (NASDAQ:AAPL) Ratings Coverage

Among 23 analysts covering Apple Inc (NASDAQ:AAPL), 12 have Buy rating, 0 Sell and 11 Hold. Therefore 52% are positive. Apple Inc had 50 analyst reports since March 21, 2018 according to SRatingsIntel. Bank of America maintained Apple Inc. (NASDAQ:AAPL) rating on Tuesday, August 21. Bank of America has “Buy” rating and $250 target. The rating was maintained by Monness on Wednesday, May 2 with “Buy”. The company was initiated on Monday, April 30 by DA Davidson. The firm earned “Market Perform” rating on Wednesday, May 2 by BMO Capital Markets. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, September 5 report. Morgan Stanley maintained Apple Inc. (NASDAQ:AAPL) rating on Thursday, May 24. Morgan Stanley has “Overweight” rating and $214 target. The firm has “Buy” rating by Canaccord Genuity given on Friday, April 20. The stock has “Neutral” rating by Nomura on Friday, August 31. The stock of Apple Inc. (NASDAQ:AAPL) has “Hold” rating given on Monday, April 30 by Oppenheimer. The firm has “Buy” rating by Guggenheim given on Tuesday, June 5.

Apple Inc. (NASDAQ:AAPL) Institutional Positions Chart

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