Curbstone Financial Management Corp Reduces Stake in Apple Inc. (AAPL) – Latest Analysis and Wall Street Forecasts
Are you interested in learning more about Apple Inc. and its recent financial activities? Curbstone Financial Management Corp recently cut its stake in Apple by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71,280 shares of the iPhone maker’s stock after selling 2,000 shares during the period. Apple makes up 2.6% of Curbstone Financial Management Corp’s investment portfolio, making the stock its 8th largest position.
But Curbstone Financial Management Corp is not the only institutional investor making moves with Apple stock. A number of other financial firms have also recently bought and sold shares of AAPL, including Hartford Funds Management Co LLC, Lincoln Capital Corp, West Coast Financial LLC, Opes Wealth Management LLC, and Machina Capital S.A.S.
Wall Street analysts have also been closely monitoring Apple’s performance, with various ratings and price targets being issued. Bank of America reiterated a “buy” rating and issued a $230.00 price objective on shares of Apple, while other analysts have upgraded the stock to a “buy” or “market perform” rating. Overall, the company has an average rating of “Moderate Buy” and an average target price of $209.38.
Despite the positive analyst sentiment, Apple’s stock has been trading down 1.0% recently. The company reported earnings per share of $1.53 for the quarter, beating analysts’ consensus estimates. Apple also announced a quarterly dividend increase, as well as a share repurchase program.
In terms of insider transactions, Director Arthur D. Levinson recently sold 75,000 shares of Apple stock, while insider Chris Kondo sold 4,999 shares. Overall, insiders have sold a total of 346,270 shares of company stock valued at $60,880,196 over the last ninety days.
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers a wide range of products, including the iPhone, Mac, iPad, and various accessories.
If you want to stay updated on the latest news and ratings for Apple, you can sign up to receive a daily summary of news and analysts’ ratings for the company. Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL). Stay informed and make informed investment decisions.
