ibusinesslines.com March 18, 2018

Apple Inc. (AAPL) is Cabot Wealth Management Inc.'s 7th Largest Position

12 March 2018, 08:05 | Jodi Jackson

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The institutional investor held 8.85 million shares of the computer manufacturing company at the end of 2017Q3, valued at $1.36 billion, down from 9.65M at the end of the previous reported quarter. Iberiabank Corp who had been investing in Apple Inc for a number of months, seems to be bullish on the $913.22B market cap company. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker's stock worth $4,241,383,000 after purchasing an additional 3,845,363 shares during the last quarter. About 32.19M shares traded. BP p.l.c. (NYSE:BP) has risen 15.51% since March 11, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

London Co Of Virginia increased its stake in Target Corp (TGT) by 38.07% based on its latest 2017Q3 regulatory filing with the SEC.

Smithfield Trust Company, which manages about $737.64M US Long portfolio, decreased its stake in Verizon Communications (NYSE:VZ) by 9,845 shares to 32,025 shares, valued at $1.59 million in 2017Q3, according to the filing. Camelot Portfolios Llc who had been investing in Government Properties Income Trust (Gov) for a number of months, seems to be bullish on the $1.36B market cap company. The stock increased 2.08% or $0.4 during the last trading session, reaching $19.6. About 6.81M shares traded. (NYSE:CCI) has risen 11.07% since March 11, 2017 and is uptrending. It has outperformed by 11.63% the S&P500.

Since October 3, 2017, it had 0 insider buys, and 5 selling transactions for $26.38 million activity.

Exane Derivatives, which manages about $534.70 million US Long portfolio, upped its stake in Philip Morris (NYSE:PM) by 21,303 shares to 21,553 shares, valued at $2.39M in 2017Q3, according to the filing. It also reduced its holding in Landstar Sys Inc Com (NASDAQ:LSTR) by 3,057 shares in the quarter, leaving it with 2,322 shares, and cut its stake in 1 (BSV).

Edgewood Management LLC trimmed its stake in Apple Inc. (NASDAQ:AAPL) on Tuesday, September 29 with "Buy" rating. Therefore 69% are positive. The rating was maintained by KeyBanc Capital Markets on Thursday, September 7 with "Hold". ValuEngine upgraded Apple from a "hold" rating to a "buy" rating in a report on Sunday, December 31st. On Wednesday, September 6 the stock rating was maintained by Nomura with "Buy". Citizens & Northern Corp's holdings in Apple were worth $4,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC). The firm has "Buy" rating by Piper Jaffray given on Monday, September 21. Needham maintained it with "Buy" rating and $17500 target in Wednesday, August 2 report. (NASDAQ:AAPL), 34 have Buy rating, 1 Sell and 18 Hold. Piper Jaffray maintained the shares of AAPL in report on Wednesday, January 27 with "Overweight" rating. The rating was maintained by Pacific Crest with "Overweight" on Thursday, October 13. Macquarie set a $188.00 price target on Apple and gave the stock a "buy" rating in a research note on Friday, January 26th. Truepoint Inc. now owns 4,436,774 shares of the iPhone maker's stock worth $4,437,000 after purchasing an additional 4,408,441 shares during the last quarter.

Investors sentiment increased to 1.03 in 2017 Q3. Its down 0.13, from 1.13 in 2017Q2.

Hedge funds have recently added to or reduced their stakes in the company. Cypress Cap Mngmt Limited Liability Company (Wy) accumulated 33,086 shares. Dock Street Asset holds 14.26% or 212,592 shares. Trb Ltd Partnership, a New York-based fund reported 90,000 shares. (NASDAQ:AAPL). S R Schill And Associate stated it has 7,120 shares or 0.66% of all its holdings. Peninsula Asset Mngmt Incorporated has invested 1.83% in Apple Inc. Oklahoma-based Gibraltar has invested 9.79% in Apple Inc. Livingston Asset Management Company (Operating As Southport Capital Management) stated it has 49,545 shares or 3.25% of all its holdings. Quadrant Capital Management Lc holds 3.69% of its portfolio in Apple Inc. (NASDAQ:AAPL). Platinum Inv Mgmt Limited reported 23,700 shares. Harbour Capital Advisors LLC lifted its position in Apple by 14,030.2% in the second quarter. 6,186 Finisar Corporation (NASDAQ:FNSR) shares with value of $154,031 were sold by CLARK JOHN H. Ami Asset Mngmt reported 232,869 shares. Cubist Systematic Strategies Limited Co, Connecticut-based fund reported 26,302 shares.

Since January 9, 2018, it had 0 buys, and 5 sales for $2.87 million activity. Shares for $416,802 were sold by STEPHENS MEL on Friday, September 22. $19.01M worth of Lear Corporation (NYSE:LEA) was sold by Simoncini Matthew. The ex-dividend date of this dividend was Friday, February 9th. Simon Kenneth Jay sold 693 shares worth $75,391. One analyst has rated the stock with a sell rating, eighteen have given a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company's stock. Therefore 62% are positive. The rating was upgraded by Credit Suisse to "Outperform" on Thursday, December 1. Cowen & Co maintained Lear Corporation (NYSE:LEA) rating on Thursday, January 18. The rating was maintained by Jefferies with "Buy" on Monday, June 12. The rating was maintained by FBN Securities with "Buy" on Friday, November 3. They set a buy rating and a $193.00 price target on the stock. As per Wednesday, July 26, the company rating was downgraded by Societe Generale. (NYSE:REIT) earned "Neutral" rating by Citigroup on Monday, August 28. Vetr cut shares of Apple from a "buy" rating to a "hold" rating and set a $184.49 price target on the stock.in a research report on Tuesday, February 27th. The stock has "Hold" rating by RBC Capital Markets on Friday, April 28. It is up 0.00% since March 11, 2017 and is. 181.16 million shares or 0.28% more from 180.66 million shares in 2017Q2 were reported. It increased, as 47 investors sold FNSR shares while 58 reduced holdings. 34 funds opened positions while 43 raised stakes. Ipg Inv Advsrs Lc reported 137,390 shares or 7.29% of all its holdings. Focused Wealth accumulated 10 shares. Motco accumulated 30 shares.

Based on factors such as human capital, tax incentives, transportation, existing Apple offices and data centers, the company "seems likely to choose among northeastern states such as Pennsylvania, Massachusetts and upstate New York; North Carolina and Florida in the southeast; and Midwestern states like IL and Wisconsin", Bloomberg noted in a joint analysis with Moody Analytics. Prtnrs Capital Management invested 0.11% of its portfolio in Apple Inc. (NYSE:V). Norris Perne And French Ltd Liability Partnership Mi invested in 3.19% or 194,399 shares. Sound Shore Management Ct holds 2.31% in CBS Corporation (NYSE:CBS) or 2.44 million shares.

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