Jpmorgan Chase & Company Trimmed Apple INC (AAPL) Stake by $1.45 Billion; Market Valuation Rose

July 14, 2018 - By Julie Barnes

Apple Inc. (NASDAQ:AAPL) LogoInvestors sentiment decreased to 0.69 in Q1 2018. Its down 0.04, from 0.73 in 2017Q4. It turned negative, as 69 investors sold AAPL shares while 1039 reduced holdings. 125 funds opened positions while 645 raised stakes. 2.86 billion shares or 3.74% less from 2.98 billion shares in 2017Q4 were reported. Guggenheim Limited Company holds 0.93% or 2.28M shares. Alpine Woods Capital Ltd Liability Corp invested in 268,710 shares. Moreover, J Goldman And Com Limited Partnership has 0.01% invested in Apple Inc. (NASDAQ:AAPL) for 1,492 shares. Mackenzie Financial invested 1.01% of its portfolio in Apple Inc. (NASDAQ:AAPL). Meridian Mngmt owns 25,828 shares. Strategic Advsrs Llc holds 4.68% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 67,333 shares. Morgan Stanley holds 38.23 million shares or 1.78% of its portfolio. Bancorporation Of Nova Scotia has 50,041 shares for 0.98% of their portfolio. Spears Abacus Limited Liability Co owns 185,790 shares. Roof Eidam Maycock Adv holds 24,652 shares or 1.99% of its portfolio. Thomaspartners Inc has 1.04M shares for 1.28% of their portfolio. Boston Rech & Management Incorporated invested in 26,930 shares or 2.3% of the stock. Moreover, Fiduciary Trust Co has 3.31% invested in Apple Inc. (NASDAQ:AAPL). Cutler Counsel Lc holds 3,865 shares or 0.13% of its portfolio. Whalerock Point Partners Limited Liability Company holds 3.14% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 58,348 shares.

Since April 3, 2018, it had 0 buys, and 12 sales for $49.61 million activity. The insider AHRENDTS ANGELA J sold 6,568 shares worth $1.24M. $3.26M worth of Apple Inc. (NASDAQ:AAPL) was sold by Riccio Daniel J. on Thursday, May 17. Shares for $2.81 million were sold by Srouji Johny on Wednesday, May 23. SCHILLER PHILIP W sold $11.56M worth of Apple Inc. (NASDAQ:AAPL) on Tuesday, April 3. WILLIAMS JEFFREY E sold $2.99M worth of stock or 15,653 shares. LEVINSON ARTHUR D also sold $6.51M worth of Apple Inc. (NASDAQ:AAPL) shares.

Jpmorgan Chase & Company decreased its stake in Apple Inc (AAPL) by 16.83% based on its latest 2018Q1 regulatory filing with the SEC. Jpmorgan Chase & Company sold 8.69 million shares as the company’s stock rose 5.37% while stock markets declined. The institutional investor held 42.94M shares of the computer manufacturing company at the end of 2018Q1, valued at $7.20B, down from 51.62 million at the end of the previous reported quarter. Jpmorgan Chase & Company who had been investing in Apple Inc for a number of months, seems to be less bullish one the $940.41 billion market cap company. The stock increased 0.16% or $0.3 during the last trading session, reaching $191.33. About 12.45 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 22.56% since July 14, 2017 and is uptrending. It has outperformed by 9.99% the S&P500.

Jpmorgan Chase & Company, which manages about $466.55 billion US Long portfolio, upped its stake in Globus Med Inc (NYSE:GMED) by 79,792 shares to 147,222 shares, valued at $7.33 million in 2018Q1, according to the filing. It also increased its holding in Vanguard Star Fd (VXUS) by 71,419 shares in the quarter, for a total of 321,005 shares, and has risen its stake in Adobe Sys Inc (Put).

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on August, 7. They expect $2.19 EPS, up 31.14 % or $0.52 from last year’s $1.67 per share. AAPL’s profit will be $10.76 billion for 21.84 P/E if the $2.19 EPS becomes a reality. After $2.73 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts -19.78 % negative EPS growth.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Benzinga.com which released: “Apple Discontinues Photo Service” on July 12, 2018, also Seekingalpha.com with their article: “Apple underinvesting in innovation, Bernstein’s Sacconaghi says” published on July 13, 2018, 247Wallst.com published: “Apple Wants China to Be Green, for Very Small Investment” on July 13, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Seekingalpha.com and their article: “Apple updates MacBook Pro lineup, releases external GPU” published on July 12, 2018 as well as Seekingalpha.com‘s news article titled: “Apple: What Investors Should Expect This Month” with publication date: July 12, 2018.

Apple Inc. (NASDAQ:AAPL) Ratings Coverage

Among 35 analysts covering Apple (NASDAQ:AAPL), 19 have Buy rating, 0 Sell and 16 Hold. Therefore 54% are positive. Apple has $235 highest and $157 lowest target. $198.46’s average target is 3.73% above currents $191.33 stock price. Apple had 76 analyst reports since January 15, 2018 according to SRatingsIntel. The company was maintained on Friday, February 2 by Needham. The stock of Apple Inc. (NASDAQ:AAPL) has “Equal-Weight” rating given on Monday, April 30 by Barclays Capital. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Tuesday, April 3 by Bank of America. The firm earned “Buy” rating on Wednesday, May 2 by Robert W. Baird. Gabelli initiated Apple Inc. (NASDAQ:AAPL) on Tuesday, April 3 with “Hold” rating. The rating was maintained by Raymond James on Friday, February 16 with “Market Perform”. RBC Capital Markets maintained the shares of AAPL in report on Wednesday, March 28 with “Buy” rating. Canaccord Genuity maintained the stock with “Buy” rating in Friday, February 2 report. The stock of Apple Inc. (NASDAQ:AAPL) has “Overweight” rating given on Tuesday, January 23 by Morgan Stanley. On Friday, February 2 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”.

Apple Inc. (NASDAQ:AAPL) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.