Washington Trust Company Cut Its Apple (AAPL) Holding; Western Asset Emerging Markets Debt Fund Has 1.73 Sentiment

November 15, 2017 - By Kurt Siggers

About 390 shares traded. BNPP SP500 USD C (ESD) has 0.00% since November 15, 2016 and is . It has underperformed by 16.70% the S&P500.

Washington Trust Company decreased Apple Inc (AAPL) stake by 2.05% reported in 2017Q2 SEC filing. Washington Trust Company sold 6,556 shares as Apple Inc (AAPL)’s stock rose 12.78%. The Washington Trust Company holds 312,689 shares with $45.03M value, down from 319,245 last quarter. Apple Inc now has $879.71B valuation. The stock declined 0.58% or $0.99 reaching $170.35 per share. About 321,655 shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since November 15, 2016 and is uptrending. It has outperformed by 45.78% the S&P500.

Mcgowan Group Asset Management Inc. holds 10.15% of its portfolio in BNPP SP500 USD C for 3.19 million shares. Penn Mutual Life Insurance Co owns 401,000 shares or 5.49% of their US portfolio. Moreover, Rivernorth Capital Management Llc has 5.03% invested in the company for 4.22 million shares. The New York-based Saba Capital Management L.P. has invested 1.64% in the stock. Wfg Advisors Lp, a Texas-based fund reported 292,638 shares.

Since May 16, 2017, it had 0 insider purchases, and 6 insider sales for $22.49 million activity. Another trade for 4,757 shares valued at $735,898 was sold by Maestri Luca. FEDERIGHI CRAIG also sold $9.91M worth of Apple Inc. (NASDAQ:AAPL) on Tuesday, May 23. Shares for $1.53 million were sold by Srouji Johny. Shares for $1.86 million were sold by Riccio Daniel J. on Wednesday, June 7. 45,000 shares valued at $6.92M were sold by Cue Eduardo H on Monday, May 22.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on January, 30. They expect $3.75 EPS, up 11.61% or $0.39 from last year’s $3.36 per share. AAPL’s profit will be $19.37 billion for 11.36 P/E if the $3.75 EPS becomes a reality. After $2.07 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts 81.16% EPS growth.

Investors sentiment increased to 0.68 in 2017 Q2. Its up 0.04, from 0.64 in 2017Q1. It increased, as 62 investors sold AAPL shares while 1068 reduced holdings. 129 funds opened positions while 634 raised stakes. 3.06 billion shares or 2.38% less from 3.13 billion shares in 2017Q1 were reported. Wellington Shields Com Ltd Limited Liability Company holds 0.79% or 15,900 shares in its portfolio. Laurion Capital Mngmt Limited Partnership has 1.22M shares. Cincinnati Specialty Underwriters Insurance Com reported 77,000 shares or 10.11% of all its holdings. Destination Wealth Mgmt accumulated 302,576 shares. Green Square Ltd Liability holds 2.45% or 96,074 shares. Towercrest Mngmt invested in 6,871 shares. Horrell Mgmt has 0.2% invested in Apple Inc. (NASDAQ:AAPL) for 2,359 shares. Port Solutions Limited Co owns 476 shares. Eagle Mgmt Llc stated it has 2.17% in Apple Inc. (NASDAQ:AAPL). Hillsdale Investment Management has 0.09% invested in Apple Inc. (NASDAQ:AAPL). Coldstream Capital Management holds 1.26% or 67,752 shares in its portfolio. Citigroup invested in 3.20 million shares or 0.42% of the stock. Wolverine Asset Management Limited Com holds 0% in Apple Inc. (NASDAQ:AAPL) or 1,137 shares. Sei Investments holds 1.89 million shares. Hemenway Tru Company Ltd Limited Liability Company accumulated 121,989 shares or 3.91% of the stock.

Washington Trust Company increased Nextera Energy Inc (NYSE:NEE) stake by 7,512 shares to 71,970 valued at $10.09M in 2017Q2. It also upped Kar Auction (NYSE:KAR) stake by 35,109 shares and now owns 249,924 shares. General Dynamics Corp (NYSE:GD) was raised too.

Among 49 analysts covering Apple Inc. (NASDAQ:AAPL), 40 have Buy rating, 1 Sell and 8 Hold. Therefore 82% are positive. Apple Inc. has $20800 highest and $11 lowest target. $166.15’s average target is -2.47% below currents $170.35 stock price. Apple Inc. had 329 analyst reports since July 21, 2015 according to SRatingsIntel. Bernstein maintained Apple Inc. (NASDAQ:AAPL) on Wednesday, September 13 with “Buy” rating. On Monday, July 17 the stock rating was maintained by Morgan Stanley with “Overweight”. RBC Capital Markets maintained Apple Inc. (NASDAQ:AAPL) on Thursday, January 7 with “Outperform” rating. On Wednesday, July 27 the stock rating was maintained by Citigroup with “Buy”. KeyBanc Capital Markets maintained the shares of AAPL in report on Thursday, September 7 with “Hold” rating. Citigroup maintained the shares of AAPL in report on Friday, November 3 with “Buy” rating. The company was maintained on Monday, April 4 by Credit Suisse. Barclays Capital maintained the shares of AAPL in report on Wednesday, August 2 with “Equal-Weight” rating. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Needham on Tuesday, June 6. The firm earned “Buy” rating on Friday, July 31 by Nomura.

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