EagleClaw Capital Managment LLC Has $9.87 Million Position in Apple Inc. (AAPL)
EagleClaw Capital Managment LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,780 shares of the iPhone maker’s stock after selling 2,075 shares during the period. Apple makes up 5.0% of EagleClaw Capital Managment LLC’s portfolio, making the stock its biggest holding. EagleClaw Capital Managment LLC’s holdings in Apple were worth $9,865,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Wedge Capital Management L L P NC raised its holdings in Apple by 15.9% during the fourth quarter. Wedge Capital Management L L P NC now owns 373,155 shares of the iPhone maker’s stock valued at $63,149,000 after acquiring an additional 51,171 shares during the period. Dividend Assets Capital LLC raised its holdings in Apple by 1.4% during the fourth quarter. Dividend Assets Capital LLC now owns 25,254 shares of the iPhone maker’s stock valued at $4,273,000 after acquiring an additional 360 shares during the period. Private Wealth Partners LLC raised its holdings in Apple by 1.8% during the fourth quarter. Private Wealth Partners LLC now owns 185,409 shares of the iPhone maker’s stock valued at $31,377,000 after acquiring an additional 3,240 shares during the period. Traynor Capital Management Inc. raised its holdings in Apple by 1.6% during the fourth quarter. Traynor Capital Management Inc. now owns 124,457 shares of the iPhone maker’s stock valued at $21,061,000 after acquiring an additional 1,952 shares during the period. Finally, Front Row Advisors LLC bought a new stake in Apple during the fourth quarter valued at about $8,389,000. Institutional investors own 58.58% of the company’s stock.
AAPL opened at $224.29 on Friday. Apple Inc. has a 12 month low of $150.24 and a 12 month high of $233.47. The stock has a market capitalization of $1,109.54 billion, a P/E ratio of 24.35, a P/E/G ratio of 1.99 and a beta of 1.36. The company has a quick ratio of 1.24, a current ratio of 1.31 and a debt-to-equity ratio of 0.84.
In other Apple news, SVP Angela J. Ahrendts sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $232.66, for a total transaction of $5,816,500.00. Following the completion of the transaction, the senior vice president now owns 105,538 shares in the company, valued at $24,554,471.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey E. Williams sold 15,652 shares of the business’s stock in a transaction that occurred on Monday, July 9th. The shares were sold at an average price of $190.18, for a total value of $2,976,697.36. Following the transaction, the chief operating officer now owns 125,258 shares of the company’s stock, valued at approximately $23,821,566.44. The disclosure for this sale can be found here. Insiders have sold 579,837 shares of company stock valued at $127,420,910 in the last 90 days. Company insiders own 0.06% of the company’s stock.
A number of research firms have commented on AAPL. Oppenheimer reissued a “neutral” rating on shares of Apple in a report on Monday, October 1st. Wells Fargo & Co set a $210.00 price objective on Apple and gave the company a “neutral” rating in a research report on Monday, October 1st. Nomura restated a “neutral” rating and set a $215.00 price objective (up previously from $210.00) on shares of Apple in a research report on Friday, September 28th. Macquarie restated a “buy” rating and set a $235.00 price objective on shares of Apple in a research report on Thursday, September 27th. Finally, JPMorgan Chase & Co. started coverage on Apple in a research report on Thursday, September 27th. They set an “overweight” rating and a $272.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and thirty have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $220.78.
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers to consumers, and small and mid-sized businesses; and education, enterprise, and government customers worldwide. The company also sells related software, services, accessories, networking solutions, and third-party digital content and applications.
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