As Apple INC (AAPL) Valuation Declined, Ameritas Investment Partners INC Cut Holding

May 18, 2018 - By Donald McKee

Apple Inc. (NASDAQ:AAPL) LogoInvestors sentiment increased to 0.73 in Q4 2017. Its up 0.03, from 0.7 in 2017Q3. It increased, as 50 investors sold AAPL shares while 1023 reduced holdings. 151 funds opened positions while 637 raised stakes. 2.98 billion shares or 0.18% more from 2.97 billion shares in 2017Q3 were reported. Marsico Capital Limited Company holds 391,591 shares or 2.65% of its portfolio. Moreover, Lehman Resources Inc has 0.79% invested in Apple Inc. (NASDAQ:AAPL) for 9,039 shares. 186,903 are owned by Reynders Mcveigh Cap Mngmt Limited Liability. California-based Churchill Corp has invested 0.52% in Apple Inc. (NASDAQ:AAPL). Schmidt P J Inv Mgmt has 56,306 shares for 2.7% of their portfolio. 23,964 are held by Stearns Gru. Fincl Consulate reported 28,088 shares. Strategic Advsr Llc holds 63,208 shares or 4.37% of its portfolio. Profund Advsrs Limited Liability Corporation holds 439,581 shares or 2.87% of its portfolio. D L Carlson Grp reported 71,275 shares. Riverbridge Partners Ltd Liability holds 43,054 shares or 0.14% of its portfolio. Zuckerman Inv Group Llc invested in 0.1% or 2,432 shares. The Colorado-based Advsr Asset Management has invested 1.07% in Apple Inc. (NASDAQ:AAPL). Lmr Partners Limited Liability Partnership owns 85,633 shares or 1.49% of their US portfolio. Alpine Woods Capital Ltd Co has invested 2.27% of its portfolio in Apple Inc. (NASDAQ:AAPL).

Since December 7, 2017, it had 0 insider purchases, and 8 selling transactions for $42.88 million activity. On Thursday, May 3 AHRENDTS ANGELA J sold $6.75 million worth of Apple Inc. (NASDAQ:AAPL) or 38,228 shares. Another trade for 35,000 shares valued at $6.51M was sold by LEVINSON ARTHUR D. Another trade for 15,641 shares valued at $2.65 million was made by Riccio Daniel J. on Thursday, December 7. The insider WILLIAMS JEFFREY E sold 15,653 shares worth $2.90 million. Shares for $11.56M were sold by SCHILLER PHILIP W.

Ameritas Investment Partners Inc decreased its stake in Apple Inc (AAPL) by 6.69% based on its latest 2017Q4 regulatory filing with the SEC. Ameritas Investment Partners Inc sold 21,173 shares as the company’s stock declined 3.81% with the market. The institutional investor held 295,257 shares of the computer manufacturing company at the end of 2017Q4, valued at $46.76M, down from 316,430 at the end of the previous reported quarter. Ameritas Investment Partners Inc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $919.08B market cap company. The stock decreased 0.63% or $1.19 during the last trading session, reaching $186.99. About 15.62 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since May 18, 2017 and is uptrending. It has outperformed by 7.94% the S&P500.

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 21.35 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: Bizjournals.com which released: “Editor’s Notebook: Is NC’s incentive tweak enough to lure Apple, Amazon?” on May 17, 2018, also Seekingalpha.com with their article: “Apple’s HomePod ranks fourth in smart speaker market” published on May 18, 2018, Seekingalpha.com published: “Apple: With Enemies Like These, Who Needs Friends?” on May 17, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Seekingalpha.com and their article: “WaPo: Apple considers NoVa for new campus” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Tim Cook comments on Trump meeting” with publication date: May 15, 2018.

Apple Inc. (NASDAQ:AAPL) Ratings Coverage

Among 36 analysts covering Apple (NASDAQ:AAPL), 20 have Buy rating, 0 Sell and 16 Hold. Therefore 56% are positive. Apple had 84 analyst reports since November 20, 2017 according to SRatingsIntel. The rating was maintained by Canaccord Genuity on Friday, February 2 with “Buy”. On Wednesday, May 2 the stock rating was maintained by Monness with “Buy”. The company was maintained on Thursday, January 18 by Guggenheim. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by UBS on Friday, February 2. The firm earned “Hold” rating on Wednesday, March 7 by Stifel Nicolaus. Loop Capital maintained the shares of AAPL in report on Wednesday, January 31 with “Buy” rating. The rating was maintained by UBS with “Buy” on Monday, November 27. The firm has “Buy” rating by Robert W. Baird given on Friday, February 2. Piper Jaffray maintained Apple Inc. (NASDAQ:AAPL) rating on Tuesday, January 2. Piper Jaffray has “Buy” rating and $200.0 target. On Tuesday, March 27 the stock rating was maintained by UBS with “Buy”.

Apple Inc. (NASDAQ:AAPL) Institutional Positions Chart

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