Published: Fri, August 11, 2017
Research | By Jo Caldwell

Handelsbanken Fonder AB Lowers Position in Apple Inc. (AAPL)

Handelsbanken Fonder AB Lowers Position in Apple Inc. (AAPL)

WESCAP Management Group Inc. now owns 12,092 shares of the iPhone maker's stock worth $1,400,000 after buying an additional 174 shares during the last quarter. WESCAP Management Group Inc. raised its stake in shares of Apple by 1.5% in the fourth quarter. Moreover, General American Investors Co Inc has 6.99% invested in the company for 919,768 shares. Stock investors acquired 139,415 put options on the company. Allegion PLC (ALLE) has risen 17.63% since August 10, 2016 and is uptrending. It has underperformed by 6.38% the S&P500. LEVINSON ARTHUR D sold $5.39M worth of Apple Inc.

Beta is also an important valuation ratio for analyzing the stock of the company, AAPL has Beta of 1.27 while its industry and Sector's beta remains at 1.02 and 1.29 respectively. Norges Bank acquired a new position in Apple during the fourth quarter worth about $5,625,709,000. Meanwhile, due to an ongoing pressure which caused a decline of nearly -12.38% in the past five days, the stock price is now down -42.28% so far on the year - still in weak territory. Portfolio Solutions LLC acquired a new position in shares of Apple during the first quarter valued at approximately $169,000.

Apple announced that its board has initiated a stock repurchase program on Tuesday, May 2nd that allows the company to buyback $50.00 billion in shares. Corporate insiders own 0.08% of the company's stock. About 31.20M shares traded or 27.19% up from the average.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, August 1st. It has outperformed by 45.78% the S&P500.

Since February 16, 2017, it had 0 insider buys, and 18 sales for $109.63 million activity. Cidel Asset Mgmt Inc accumulated 4,173 shares or 0.02% of the stock. (NASDAQ:AAPL). Intersect Capital Ltd Liability Corp holds 3.84% or 44,259 shares. It also reduced Vca Inc. Market Capitalization if basically the market value of the company's shares outstanding. Mettler Toledo International (NYSE:MTD) was reduced too.

"While this should be monitored as a potential negative for Apple, we think this is further posturing by Qualcomm in efforts to pressure Apple into reaching an out-of-court settlement to its separate royalty case", wrote Aaron Rakers, an analyst at Stifel. Instinet reaffirmed a "buy" rating and issued a $165.00 price target on shares of Apple in a report on Wednesday, July 5th. Therefore 79% are positive.

Several analysts recently issued reports on the company. (NASDAQ:AAPL) earned "Buy" rating by Robert W. Baird on Tuesday, September 22. Mizuho has "Neutral" rating and $150 target.

Apple's stock has been on a post-earnings rally, thanks in part to enthusiasm over the hoped-for launch of the iPhone 8 next month. The firm has "Buy" rating given on Wednesday, September 9 by Rosenblatt. They now have a $180.00 price objective on the iPhone maker's stock. Ironsides Asset Advsrs owns 0.85% invested in Apple Inc. The company was maintained on Monday, January 11 by Deutsche Bank. Oppenheimer has "Outperform" rating and $120 target. (NASDAQ:AAPL) has "Market Perform" rating given on Tuesday, August 25 by Wells Fargo. As per Friday, August 26, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained the stock with "Buy" rating in Monday, June 26 report. (NASDAQ:AAPL). Bowling Port Ltd Llc invested 2.71% of its portfolio in Apple Inc. Pacific Crest maintained Apple Inc. The rating was maintained by Mizuho on Wednesday, February 1 with "Buy".

Investors sentiment decreased to 0.79 in Q4 2016. Its down 0.03, from 0.82 in 2016Q3. 123 funds opened positions while 723 raised stakes.

Rr Advisors Llc increased Western Gas Partners (WES) stake by 2.54% reported in 2016Q4 SEC filing. 840,322 were reported by Gam Holdings Ag. Retirement Of Alabama has invested 2.21% in Apple Inc. (NASDAQ:AAPL) shares were sold by Maestri Luca. Cohen Klingenstein Ltd Llc has 1.52% invested in Apple Inc. (NASDAQ:AAPL) for 27,823 shares. Kelly Lawrence W And Associates Inc Ca holds 5.44% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 207,472 shares. Braver Wealth Mgmt Limited Liability Corp owns 83,873 shares. FBR Capital maintained the shares of PFPT in report on Friday, January 29 with "Outperform" rating. Pennsylvania Trust Comm holds 230,716 shares or 2.12% of its portfolio. Ajo Ltd Partnership has 561,167 shares. Tiger Limited reported 171,000 shares. About 2.03 million shares traded or 1.00% up from the average. 25,016 were accumulated by Kanaly Trust Commerce. Another trade for 13,207 shares valued at $1.80 million was sold by Srouji Johny. Twelve analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Therefore 55% are positive. Proofpoint Inc had 59 analyst reports since July 24, 2015 according to SRatingsIntel. (NYSE:DG), 12 have Buy rating, 2 Sell and 13 Hold. The rating was upgraded by Seaport Global on Thursday, May 4 to "Buy". The ex-dividend date will be Thursday May 11th, 2017. 207 funds opened positions while 479 raised stakes. 226.65 million shares or 1.48% more from 223.34 million shares in 2016Q3 were reported. Smith Salley & Assoc holds 122,491 shares. Columbia Prtn L L C Inv invested in 0.12% or 61,261 shares. It may reach the $1 trillion mark sooner than expected due to the persistent rise of its shares. Howe & Rusling Inc has 32 shares. 11 told the investors of the company to "Hold" stock. 284,773 were accumulated by Ameriprise Fincl. Ironbridge Cap LP holds 1.35% or 260,203 shares. Rail accumulated 3.61% or 41,845 shares. The dividend will be $0.630 per share for the quarter which comes to $2.52 on an annualized basis. Tiaa Cref Co Fsb Mo has invested 0.57% in Apple Inc. Estabrook Cap Mgmt has 0% invested in Bank of America Corp (NYSE:BAC) for 472,326 shares.

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