As Apple INC (AAPL) Market Valuation Rose, Holder Bessemer Group INC Has Lowered Stake

March 19, 2018 - By Michael Pereira

Investors sentiment increased to 0.7 in 2017 Q3. Its up 0.02, from 0.68 in 2017Q2. It improved, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. Next Fin Grp owns 90,685 shares. Professional Advisory reported 1,412 shares or 0.05% of all its holdings. Bridgeway Capital holds 0.44% in Apple Inc. (NASDAQ:AAPL) or 249,340 shares. Burney stated it has 287,516 shares. 1.39M are held by Lord Abbett Co Limited. Barrow Hanley Mewhinney And Strauss Limited Com, a Texas-based fund reported 573,292 shares. Hennessy Advisors has 15,350 shares. Virtus Investment Advisers owns 102,183 shares. Amica Mutual Ins stated it has 255,513 shares. Lafleur Godfrey Llc invested in 175,167 shares. Coho Prtnrs invested in 1,827 shares. Cliftonlarsonallen Wealth Advsrs Ltd Llc, a Minnesota-based fund reported 14,303 shares. At Bancshares owns 34,984 shares. Northern Tru invested in 2.72% or 67.65 million shares. Perkins Cap Mgmt holds 1,625 shares or 0.26% of its portfolio.

Since October 3, 2017, it had 0 insider buys, and 5 selling transactions for $26.38 million activity. 63,388 shares were sold by AHRENDTS ANGELA J, worth $9.78M. 56,808 shares valued at $8.79 million were sold by SCHILLER PHILIP W on Tuesday, October 3.

Bessemer Group Inc decreased its stake in Apple Inc (AAPL) by 10.69% based on its latest 2017Q3 regulatory filing with the SEC. Bessemer Group Inc sold 456,755 shares as the company’s stock rose 12.78% with the market. The institutional investor held 3.82 million shares of the computer manufacturing company at the end of 2017Q3, valued at $588.29 million, down from 4.27M at the end of the previous reported quarter. Bessemer Group Inc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $903.28 billion market cap company. The stock decreased 0.35% or $0.63 during the last trading session, reaching $178.02. About 39.40M shares traded or 9.77% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since March 19, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Bessemer Group Inc, which manages about $25.06 billion US Long portfolio, upped its stake in Aptargroup Inc (NYSE:ATR) by 58,655 shares to 58,794 shares, valued at $5.08M in 2017Q3, according to the filing. It also increased its holding in Southern Co (NYSE:SO) by 110,963 shares in the quarter, for a total of 134,215 shares, and has risen its stake in Dover Corp (NYSE:DOV).

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on May, 1. They expect $2.71 earnings per share, up 29.05 % or $0.61 from last year’s $2.1 per share. AAPL’s profit will be $13.75B for 16.42 P/E if the $2.71 EPS becomes a reality. After $3.89 actual earnings per share reported by Apple Inc. for the previous quarter, Wall Street now forecasts -30.33 % negative EPS growth.

Apple Inc. (NASDAQ:AAPL) Ratings Coverage

Among 53 analysts covering Apple Inc. (NASDAQ:AAPL), 34 have Buy rating, 1 Sell and 18 Hold. Therefore 64% are positive. Apple Inc. has $220.0 highest and $11 lowest target. $172.65’s average target is -3.02% below currents $178.02 stock price. Apple Inc. had 385 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by Nomura on Tuesday, February 13. The firm has “Buy” rating by Brean Capital given on Wednesday, April 27. OTR Global downgraded the shares of AAPL in report on Thursday, January 19 to “Negative” rating. Barclays Capital maintained it with “Equal-Weight” rating and $168 target in Friday, March 16 report. On Friday, February 2 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. Morgan Stanley maintained Apple Inc. (NASDAQ:AAPL) rating on Monday, July 17. Morgan Stanley has “Overweight” rating and $182 target. As per Thursday, September 14, the company rating was maintained by Maxim Group. Longbow upgraded the shares of AAPL in report on Wednesday, March 30 to “Outperform” rating. As per Friday, September 22, the company rating was maintained by Nomura. As per Friday, December 16, the company rating was reinitiated by PiperJaffray.

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