Johnston Asset Management LLC Sells 6970 Shares of Apple Inc. (NASDAQ:AAPL)

Mae Love
November 13, 2017

The institutional investor held 1.20M shares of the railroads company at the end of 2017Q2, valued at $65.45M, up from 1.07 million at the end of the previous reported quarter. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since November 13, 2016 and is uptrending. About 87,963 shares traded. (NASDAQ:AAPL) has "Buy" rating given on Monday, October 9 by Bank of America. The iPhone maker reported $2.07 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.87 by $0.20.

Among 8 analysts covering Arctic Cat (NASDAQ:ACAT), 0 have Buy rating, 1 Sell and 7 Hold. The stock of Hilton Worldwide Holdings Inc (NYSE:HLT) has "Neutral" rating given on Wednesday, April 26 by Guggenheim. The stock of BlackBerry Ltd (NYSE:BB) earned "In-Line" rating by Imperial Capital on Thursday, June 16. (NASDAQ:AAPL) has "Overweight" rating given on Wednesday, April 27 by Barclays Capital. Wealth Enhancement Advisory Ltd Com reported 3,500 shares stake. It is positive, as 62 investors sold AAPL shares while 1068 reduced holdings. On Friday, May 26 the stock rating was maintained by RBC Capital Markets with "Hold". Pacific Crest has "Overweight" rating and $150 target. Canaccord Genuity has "Buy" rating and $140 target. Chem Bankshares reported 14,205 shares or 0.11% of all its holdings. Cowen & Co maintained the shares of AAPL in report on Friday, October 21 with "Outperform" rating. (NASDAQ:AAPL) was sold by Srouji Johny.

Since May 16, 2017, it had 0 insider purchases, and 6 sales for $22.49 million activity. (NASDAQ:AAPL) was sold by Riccio Daniel J. on Wednesday, June 7. Apple Inc. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. (NASDAQ:AAPL) has "Buy" rating given on Wednesday, January 27 by UBS. 53 funds opened positions while 172 raised stakes. During the same period last year, the firm earned $1.50 earnings per share. research analysts expect that Apple Inc. will post 11.15 earnings per share for the current year. (NASDAQ:AAPL). Cambridge Advisors stated it has 1.34% of its portfolio in Apple Inc. The firm has "Hold" rating given on Thursday, September 7 by KeyBanc Capital Markets. Cap Advsrs Lc accumulated 0.34% or 6,370 shares. (NYSE:PEP) news were published by: Seekingalpha.com which released: "PepsiCo: Fueling Growth" on October 16, 2017, also Seekingalpha.com with their article: "Dividend Growth Stock With Strong Corporate Governance Trading At A Discount" published on November 09, 2017, Nasdaq.com published: "Texan Capital Management Buys Main Street Capital Corp, PepsiCo Inc, Sells ..." on October 27, 2017. Graybill Bartz & Assoc Ltd. now owns 35,488 shares of the iPhone maker's stock valued at $5,098,000 after buying an additional 618 shares during the period. AAPL's profit will be $19.25B for 11.62 P/E if the $3.75 EPS becomes a reality. Citigroup Inc. restated a "buy" rating and set a $200.00 price objective (up from $170.00) on shares of Apple in a report on Friday, November 3rd. (NASDAQ:AAPL) has "Buy" rating given on Monday, August 24 by Stifel Nicolaus. (NASDAQ:AAPL). Rand Wealth Ltd Liability Co accumulated 1.47% or 75,133 shares.

More notable recent Apple Inc. 45,000 shares were sold by Cue Eduardo H, worth $6.92 million.

Apple Inc. 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. Oregon Employees Retirement Fund has invested 4.16% in Apple Inc. Says It Never Planned to Include Touch ID on iPhone X" published on November 08, 2017, Investorplace.com published: "The Rally In Apple Inc. Rench Wealth Mgmt Inc has 49,504 shares for 5.27% of their portfolio. Massachusetts-based Moors Cabot has invested 1.59% in Apple Inc. More interesting news about Apple Inc. Cutler Invest Counsel holds 75,810 shares or 2.19% of its portfolio.

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Investors sentiment decreased to 0.75 in 2017 Q2. Vanguard holds 34,347 shares or 0% of its portfolio.

Several research firms recently issued reports on AAPL. (NASDAQ:AAPL). West Coast Fincl Ltd Liability Company invested in 3.15% or 68,416 shares. Hefty Wealth Partners raised its position in Apple by 27.6% during the second quarter. The stock has a market cap of $623.99 billion, a P/E ratio of 14.08 and a beta of 1.29. Stockholders of record on Monday, November 13th will be given a dividend of $0.63 per share. (NASDAQ:AAPL) for 112,693 shares. Campbell Newman Asset reported 165,022 shares. Its down 0.09, from 0.84 in 2017Q1. Bridgeway Capital holds 0.01% of its portfolio in Asta Funding, Inc. Crestpoint Capital Management Ltd Liability reported 29,800 shares. Kiltearn Partners Llp, a United Kingdom-based fund reported 2.04 million shares.

Ratings analysis reveals 25% of AutoNation's analysts are positive. Lincoln holds 5,039 shares. Royal Bancshares Of Canada invested in 7,097 shares or 0% of the stock. Zumiez Inc. had 58 analyst reports since August 5, 2015 according to SRatingsIntel. The stock now has a consensus rating of "Buy" and a consensus price target of $128.51. The stock has "Hold" rating by BB&T Capital on Friday, July 15. Nomura upgraded the shares of PEP in report on Monday, November 23 to "Neutral" rating.

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