Apple INC (AAPL) Holder Texas Permanent School Fund Trimmed Stake by $9.79 Million

December 14, 2017 - By Adrian Mccoy

Investors sentiment increased to 0.68 in Q2 2017. Its up 0.04, from 0.64 in 2017Q1. It increased, as 62 investors sold AAPL shares while 1068 reduced holdings. 129 funds opened positions while 634 raised stakes. 3.06 billion shares or 2.38% less from 3.13 billion shares in 2017Q1 were reported. Moreover, Iab Fin Bancshares has 4.01% invested in Apple Inc. (NASDAQ:AAPL) for 56,955 shares. Obermeyer Wood Inv Counsel Lllp has 0.12% invested in Apple Inc. (NASDAQ:AAPL). Hugh Johnson Advsrs Lc accumulated 2.55% or 55,543 shares. Milestone Group owns 22,468 shares or 0.47% of their US portfolio. Synovus Fincl Corp stated it has 401,134 shares or 1.16% of all its holdings. Altfest L J And Com holds 2.7% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 31,082 shares. Da Davidson & owns 453,633 shares. Contrarius Inv Mgmt Ltd stated it has 7.36% in Apple Inc. (NASDAQ:AAPL). First Washington accumulated 20,795 shares. Interocean Cap Lc invested in 3.37% or 142,391 shares. Washington Bancorporation holds 48,695 shares. Davidson Invest Advsr reported 197,419 shares or 4.01% of all its holdings. Penn Davis Mcfarland, a Texas-based fund reported 201,008 shares. Coldstream Capital Inc stated it has 67,752 shares. Cap Sarl reported 49,690 shares or 0.62% of all its holdings.

Since August 7, 2017, it had 0 insider purchases, and 10 insider sales for $88.29 million activity. Srouji Johny also sold $1.70 million worth of Apple Inc. (NASDAQ:AAPL) shares. 63,388 shares were sold by AHRENDTS ANGELA J, worth $9.78M on Tuesday, October 3. $5.52M worth of Apple Inc. (NASDAQ:AAPL) was sold by LEVINSON ARTHUR D on Monday, August 7. SCHILLER PHILIP W sold 56,808 shares worth $8.79 million. On Thursday, August 24 COOK TIMOTHY D sold $43.15M worth of Apple Inc. (NASDAQ:AAPL) or 268,623 shares. 15,642 shares were sold by Riccio Daniel J., worth $2.42M on Thursday, October 5.

Texas Permanent School Fund decreased its stake in Apple Inc (AAPL) by 4.44% based on its latest 2017Q2 regulatory filing with the SEC. Texas Permanent School Fund sold 68,013 shares as the company’s stock rose 12.78% with the market. The institutional investor held 1.46M shares of the computer manufacturing company at the end of 2017Q2, valued at $210.98M, down from 1.53 million at the end of the previous reported quarter. Texas Permanent School Fund who had been investing in Apple Inc for a number of months, seems to be less bullish one the $884.49B market cap company. The stock increased 0.33% or $0.57 during the last trading session, reaching $172.27. About 23.82 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since December 14, 2016 and is uptrending. It has outperformed by 45.78% the S&P500.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on January, 30. They expect $3.75 EPS, up 11.61 % or $0.39 from last year’s $3.36 per share. AAPL’s profit will be $19.25B for 11.48 P/E if the $3.75 EPS becomes a reality. After $2.07 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts 81.16 % EPS growth.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Usnews.com which released: “Apple Is Headed to a $1 Trillion Valuation” on December 11, 2017, also Reuters.com with their article: “Finisar deal helps Apple block rivals’ path to AR features” published on December 14, 2017, Fool.com published: “Did Apple Inc. Make a Huge Mistake in 2017?” on December 11, 2017. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Seekingalpha.com and their article: “Apple: Valuation Follow-Up” published on December 11, 2017 as well as Fool.com‘s news article titled: “Why This Apple Inc. Analyst Might Be Right About a 2018 Supercycle” with publication date: December 13, 2017.

Apple Inc. (NASDAQ:AAPL) Ratings Coverage

Among 51 analysts covering Apple Inc. (NASDAQ:AAPL), 41 have Buy rating, 1 Sell and 9 Hold. Therefore 80% are positive. Apple Inc. has $215.0 highest and $11 lowest target. $168.69’s average target is -2.08% below currents $172.27 stock price. Apple Inc. had 339 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, November 3 by BMO Capital Markets. The stock of Apple Inc. (NASDAQ:AAPL) earned “Outperform” rating by Daiwa Securities on Tuesday, August 2. The rating was maintained by Goldman Sachs with “Buy” on Wednesday, October 12. The firm earned “Buy” rating on Thursday, April 7 by BTIG Research. Drexel Hamilton maintained the stock with “Buy” rating in Thursday, July 6 report. The stock of Apple Inc. (NASDAQ:AAPL) earned “Hold” rating by Gabelli on Friday, December 1. As per Wednesday, April 27, the company rating was maintained by CLSA. On Tuesday, August 25 the stock rating was upgraded by Wells Fargo to “Market Perform”. Cowen & Co maintained Apple Inc. (NASDAQ:AAPL) on Wednesday, April 27 with “Outperform” rating. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Wednesday, April 27 by Citigroup.

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