Banque Pictet & Cie Sa Has Trimmed Holding in Apple INC (AAPL) by $10.32 Million

July 26, 2017 - By Michael Collier

Investors sentiment decreased to 0.79 in Q4 2016. Its down 0.03, from 0.82 in 2016Q3. It fall, as 90 investors sold AAPL shares while 975 reduced holdings. 123 funds opened positions while 723 raised stakes. 3.04 billion shares or 1.85% more from 2.98 billion shares in 2016Q3 were reported. Jensen Inv Mgmt Inc owns 1.71M shares for 2.9% of their portfolio. Brown Brothers Harriman And reported 163,384 shares stake. Cornerstone Inv Partners Ltd Llc owns 525,387 shares. Cedar Hill Associate Ltd Liability accumulated 121,182 shares or 2.36% of the stock. Spinnaker Trust holds 45,663 shares. Paradigm Asset Mngmt Limited Liability Corp holds 52,800 shares. Jfs Wealth Advsrs Lc holds 30,771 shares. Aviance Cap Partners Lc invested in 175,634 shares or 7.17% of the stock. Moreover, Lvm Mngmt Ltd Mi has 5.26% invested in Apple Inc. (NASDAQ:AAPL) for 164,350 shares. Rothschild Asset Mgmt holds 1.23% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 834,575 shares. Nationwide Fund Advsr stated it has 1.87% of its portfolio in Apple Inc. (NASDAQ:AAPL). 436,382 were accumulated by Markston Int Lc. Somerville Kurt F owns 124,156 shares for 3.19% of their portfolio. Sonata Cap Gp Inc invested in 2.15% or 23,869 shares. Goodman Financial has invested 3.78% in Apple Inc. (NASDAQ:AAPL).

Since January 30, 2017, it had 0 insider buys, and 26 insider sales for $149.94 million activity. AHRENDTS ANGELA J had sold 25,377 shares worth $3.91M. Srouji Johny sold $2.15M worth of stock. Shares for $5.39 million were sold by LEVINSON ARTHUR D on Tuesday, May 9. $9.56 million worth of Apple Inc. (NASDAQ:AAPL) was sold by FEDERIGHI CRAIG. COOK TIMOTHY D sold 40,000 shares worth $4.98 million. SEWELL D BRUCE sold 67,500 shares worth $10.04 million. On Wednesday, February 1 the insider GORE ALBERT JR sold $8.98M.

Banque Pictet & Cie Sa decreased its stake in Apple Inc (AAPL) by 6.31% based on its latest 2016Q4 regulatory filing with the SEC. Banque Pictet & Cie Sa sold 89,720 shares as the company’s stock rose 12.78% with the market. The institutional investor held 1.33M shares of the computer manufacturing company at the end of 2016Q4, valued at $154.28M, down from 1.42M at the end of the previous reported quarter. Banque Pictet & Cie Sa who had been investing in Apple Inc for a number of months, seems to be less bullish one the $806.01 billion market cap company. The stock increased 0.43% or $0.65 during the last trading session, reaching $152.74. About 863 shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since July 26, 2016 and is uptrending. It has outperformed by 45.78% the S&P500.

Banque Pictet & Cie Sa, which manages about $3.88B US Long portfolio, upped its stake in Colgate Palmolive Co (NYSE:CL) by 171,200 shares to 1.03M shares, valued at $67.16 million in 2016Q4, according to the filing. It also increased its holding in Disney Walt Co (NYSE:DIS) by 1.68M shares in the quarter, for a total of 1.69M shares, and has risen its stake in Borgwarner Inc (NYSE:BWA).

Wall Street await Apple Inc. (NASDAQ:AAPL) to release earnings on August, 1 after the close. Analysts forecast EPS of $1.56, up exactly $0.14 or 9.86 % from 2014’s $1.42 EPS. The expected AAPL’s profit could reach $8.23 billion giving the stock 24.48 P/E in the case that $1.56 earnings per share is reported. After posting $2.10 EPS for the previous quarter, Apple Inc.’s analysts now forecast -25.71 % negative EPS growth.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Fool.com which released: “Here’s Why This Apple Inc. Supplier Might Not Lose Business After All” on July 22, 2017, also Investorplace.com with their article: “Tuesday’s Vital Data: Apple Inc. (AAPL), Netflix, Inc. (NFLX) and AT&T Inc. (T)” published on July 25, 2017, Fool.com published: “3 Things This Struggling Apple Inc. Supplier Wants You to Know” on July 25, 2017. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Fool.com and their article: “Good News for Apple Inc.’s Upcoming iPhones” published on July 20, 2017 as well as Reuters.com‘s news article titled: “Apple ordered to pay $506 million to university in patent dispute” with publication date: July 26, 2017.

Apple Inc. (NASDAQ:AAPL) Ratings Coverage

Among 46 analysts covering Apple Inc. (NASDAQ:AAPL), 36 have Buy rating, 1 Sell and 9 Hold. Therefore 78% are positive. Apple Inc. has $20200 highest and $11 lowest target. $150.42’s average target is -1.52% below currents $152.74 stock price. Apple Inc. had 251 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Apple Inc. (NASDAQ:AAPL) earned “Overweight” rating by Piper Jaffray on Wednesday, April 27. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, October 18 report. The firm has “Buy” rating by Bernstein given on Monday, June 12. Pacific Crest maintained the shares of AAPL in report on Wednesday, April 27 with “Overweight” rating. The rating was downgraded by Daiwa Securities on Tuesday, August 2 to “Outperform”. The rating was maintained by Brean Capital with “Buy” on Wednesday, October 26. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Friday, June 9 by Drexel Hamilton. The company was maintained on Friday, July 31 by Nomura. The company was maintained on Friday, September 11 by UBS. The stock of Apple Inc. (NASDAQ:AAPL) earned “Long-Term Buy” rating by Hilliard Lyons on Thursday, October 27.

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