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Apple (NASDAQ:AAPL) Downgraded by Bank of America to Neutral

January 28, 2018 02:23·

The stock increased 0.23% or $0.4 during the last trading session, reaching $171.51. 39,140,000 shares of the company's stock traded hands, compared to its average volume of 27,000,000.

Apple (NASDAQ:AAPL) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a research note issued on Wednesday, January 3rd. It has outperformed by 45.78% the S&P500.

Dock Street Asset Management Inc increased its stake in Expedia (EXPE) by 17.57% based on its latest 2017Q3 regulatory filing with the SEC. Boys Arnold & Co Inc sold 36,323 shares as the company's stock declined 7.64% while stock markets rallied. The hedge fund held 24,577 shares of the computer manufacturing company at the end of 2017Q3, valued at $3.79M, down from 30,744 at the end of the previous reported quarter. Pax World Management Llc who had been investing in Concho Resources Inc. for a number of months, seems to be less bullish one the $23.86 billion market cap company. The stock increased 2.89% or $4.2 during the last trading session, reaching $149.74. The shares were sold at an average price of $169.69, for a total value of $2,654,121.29. (NASDAQ:AAPL) shares were sold by LEVINSON ARTHUR D. Riccio Daniel J. also sold $2.65 million worth of Apple Inc. It has underperformed by 21.16% the S&P500. Truepoint Inc. grew its position in shares of Apple by 15,559.4% during the third quarter. Zacks Investment Research downgraded shares of Apple from a buy rating to a hold rating in a research report on Monday, January 8th. Therefore 75% are positive. Proffitt Goodson reported 0.86% of its portfolio in Apple Inc. Drexel Hamilton restated a "buy" rating and set a $208.00 price target on shares of Apple in a report on Tuesday, October 24th. The firm has "Neutral" rating by Susquehanna given on Friday, February 10. Finally, Principal Financial Group Inc. raised its holdings in shares of Apple by 25.3% during the 2nd quarter. (NASDAQ:AAPL). Deroy And Devereaux Private Invest Counsel Inc accumulated 156,594 shares or 2.71% of the stock. The stock has a market capitalization of $880,590.00, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.38 and a beta of 1.23. Finally, Morgan Stanley reissued a "buy" rating and issued a $199.00 price objective on shares of Apple in a research report on Wednesday, October 11th. Vetr cut Apple from a "strong-buy" rating to a "buy" rating and set a $173.47 price target on the stock.in a research note on Friday, October 6th. The rating was downgraded by Keefe Bruyette & Woods to "Mkt Perform" on Thursday, November 12. The firm has "Buy" rating by Sterne Agee CRT given on Tuesday, September 29. (NASDAQ:AAPL) has "Buy" rating given on Tuesday, July 18 by Guggenheim.

Investors sentiment decreased to 0.69 in 2017 Q3. Its up 0.02, from 0.68 in 2017Q2. (NASDAQ:AAPL) shares were sold by SCHILLER PHILIP W. 116 funds opened positions while 640 raised stakes. Ipswich Investment Mgmt reported 52,345 shares. Rosenblum Silverman Sutton S F Ca stated it has 0.16% of its portfolio in Apple Inc. (NASDAQ:AAPL) on Tuesday, August 15. Castleark Management Limited Liability Corp holds 0.02% of its portfolio in ServiceNow, Inc. Cobblestone Cap Advsrs Limited Liability New York owns 0.05% invested in ServiceNow, Inc. BTIG Research maintained the shares of AAPL in report on Thursday, September 15 with "Buy" rating. (NASDAQ:AAPL). Engineers Gate Manager Ltd Partnership invested 0.04% of its portfolio in Apple Inc. (NASDAQ:AAPL). Terril Brothers accumulated 37,627 shares. Investec Asset Mngmt Limited has invested 0.76% in Apple Inc.

Carmignac Gestion, which manages about $13.01B US Long portfolio, upped its stake in Cresud S.A. (NASDAQ:CRESY) by 33,533 shares to 495,345 shares, valued at $9.25M in 2017Q3, according to the filing. Pacific Crest maintained Apple Inc. Dock Street Asset Management Inc who had been investing in Expedia for a number of months, seems to be bullish on the $20.09B market cap company. Wg Shaheen And Associate Dba Whitney And invested 5.36% in Apple Inc.

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Since August 7, 2017, it had 0 insider buys, and 12 sales for $93.68 million activity. The institutional investor owned 168,419 shares of the iPhone maker's stock after buying an additional 6,069 shares during the quarter. COOK TIMOTHY D had sold 268,623 shares worth $43.15M. $1.70M worth of Apple Inc. Also, insider Eduardo H. Cue sold 65,361 shares of the stock in a transaction on Thursday, November 30th. (NASDAQ:AAPL) on Monday, August 7. FEDERIGHI CRAIG had sold 63,163 shares worth $9.98 million. Insiders have sold 128,412 shares of company stock worth $22,115,155 over the last 90 days. During the same period last year, the business posted $1.50 EPS. research analysts expect that Apple will post 11.2 EPS for the current year. UBS Group set a $190.00 target price on shares of Apple and gave the company a buy rating in a research report on Friday, January 5th. TTC's profit will be $45.84M for 39.10 P/E if the $0.43 EPS becomes a reality. The iPhone maker reported $2.07 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.87 by $0.20. The Company's products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. (NYSE:BKD) by 172,494 shares to 1.15 million shares, valued at $12.20 million in 2017Q3, according to the filing. Its up 0.02, from 0.68 in 2017Q2. It is positive, as 23 investors sold NOW shares while 115 reduced holdings. 258.81 million shares or 4.21% more from 248.36 million shares in 2017Q2 were reported. Great West Life Assurance Can, Manitoba - Canada-based fund reported 107,469 shares. Fincl Bank Of Nova Scotia owns 7,100 shares for 0% of their portfolio. Following the transaction, the insider now directly owns 17,341 shares in the company, valued at approximately $2,942,594.29. (NYSE:NOW). 5.64 million are held by Jpmorgan Chase & Commerce. Tower Bridge Advsr reported 1,660 shares. Toronto Dominion Bank & Trust reported 7,174 shares. Stifel Financial Corp invested 0.02% in MPLX LP (NYSE:MPLX). California-based Lpl Fincl Limited Liability Co has invested 0% in MPLX LP (NYSE:MPLX). (NYSE:CXO). World Invsts invested 0.35% in Concho Resources Inc. Mitchell Mcleod Pugh Williams Incorporated stated it has 46,456 shares or 0.83% of all its holdings. 13,100 are owned by Employees Retirement Sys Of Texas. 103,110 were reported by Yorkville Capital Management Llc.

Investors sentiment increased to 1.21 in Q3 2017.

Since August 8, 2017, it had 2 insider buys, and 1 insider sale for $4.48 million activity.

Among 6 analysts covering Unicredit S.p.A (OTCMKTS:UNCFF), 3 have Buy rating, 1 Sell and 2 Hold.

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