Apple Inc. (AAPL) Position Cut by Enterprise Financial Services Corp

Enterprise Financial Services Corp trimmed its position in Apple Inc. (NASDAQ:AAPL) by 4.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,382 shares of the iPhone maker’s stock after selling 560 shares during the quarter. Apple accounts for 0.9% of Enterprise Financial Services Corp’s holdings, making the stock its 19th largest holding. Enterprise Financial Services Corp’s holdings in Apple were worth $1,908,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AAPL. First Command Bank boosted its position in Apple by 3.1% in the second quarter. First Command Bank now owns 8,249 shares of the iPhone maker’s stock valued at $1,188,000 after buying an additional 249 shares in the last quarter. Stock Yards Bank & Trust Co. lifted its holdings in shares of Apple by 0.3% during the second quarter. Stock Yards Bank & Trust Co. now owns 168,064 shares of the iPhone maker’s stock worth $24,205,000 after purchasing an additional 571 shares during the period. Cordasco Financial Network lifted its holdings in shares of Apple by 1.5% during the second quarter. Cordasco Financial Network now owns 3,233 shares of the iPhone maker’s stock worth $466,000 after purchasing an additional 49 shares during the period. BKD Wealth Advisors LLC lifted its holdings in shares of Apple by 4.2% during the second quarter. BKD Wealth Advisors LLC now owns 49,976 shares of the iPhone maker’s stock worth $7,198,000 after purchasing an additional 2,028 shares during the period. Finally, Prentiss Smith & Co. Inc. lifted its holdings in shares of Apple by 7.1% during the second quarter. Prentiss Smith & Co. Inc. now owns 7,455 shares of the iPhone maker’s stock worth $1,074,000 after purchasing an additional 495 shares during the period. 60.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of Apple Inc. (NASDAQ AAPL) opened at $179.26 on Friday. Apple Inc. has a 52 week low of $119.37 and a 52 week high of $180.10. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. The firm has a market cap of $911,091.69, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 1.46 and a beta of 1.21.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.20. Apple had a net margin of 21.09% and a return on equity of 36.29%. The firm had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. During the same period in the previous year, the firm posted $1.50 earnings per share. The business’s revenue was up 12.2% compared to the same quarter last year. equities research analysts predict that Apple Inc. will post 11.18 EPS for the current year.

A number of brokerages have recently commented on AAPL. Zacks Investment Research upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $197.00 price target on the stock in a report on Thursday. Barclays set a $174.00 price target on shares of Apple and gave the stock a “neutral” rating in a report on Thursday. Longbow Research lowered shares of Apple from a “buy” rating to a “neutral” rating in a report on Wednesday. Bank of America reiterated a “buy” rating and set a $180.00 price target on shares of Apple in a report on Tuesday, September 26th. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $150.00 price target on shares of Apple in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Apple currently has a consensus rating of “Buy” and a consensus target price of $200.25.

In other news, insider Eduardo H. Cue sold 65,361 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $171.60, for a total transaction of $11,215,947.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Johny Srouji sold 10,368 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $174.68, for a total transaction of $1,811,082.24. Following the sale, the insider now directly owns 81,560 shares of the company’s stock, valued at $14,246,900.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,412 shares of company stock valued at $22,115,155. Insiders own 0.08% of the company’s stock.

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About Apple

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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