Polen Capital Management Has Decreased Its Apple (AAPL) Position; Myos Rens Tech (MYOS) Shorts Decreased By 17.73%

June 20, 2017 - By marketbeat

Polen Capital Management Llc decreased Apple Inc (AAPL) stake by 99.69% reported in 2016Q4 SEC filing. Polen Capital Management Llc sold 2.97M shares as Apple Inc (AAPL)’s stock rose 12.78%. The Polen Capital Management Llc holds 9,393 shares with $1.09 million value, down from 2.98M last quarter. Apple Inc now has $779.60B valuation. The stock declined 0.67% or $0.97 reaching $145.37 per share. About 11.77M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since June 20, 2016 and is uptrending. It has outperformed by 45.78% the S&P500.

Myos Rens Tech Incorporated (NASDAQ:MYOS) had a decrease of 17.73% in short interest. MYOS’s SI was 492,000 shares in June as released by FINRA. Its down 17.73% from 598,000 shares previously. With 116,100 avg volume, 4 days are for Myos Rens Tech Incorporated (NASDAQ:MYOS)’s short sellers to cover MYOS’s short positions. The SI to Myos Rens Tech Incorporated’s float is 13.88%. About 14,728 shares traded. MYOS RENS Technology Inc (NASDAQ:MYOS) has risen 31.03% since June 20, 2016 and is uptrending. It has outperformed by 14.33% the S&P500.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on July, 25. They expect $1.57 EPS, up 10.56% or $0.15 from last year’s $1.42 per share. AAPL’s profit will be $8.42B for 23.15 P/E if the $1.57 EPS becomes a reality. After $2.10 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts -25.24% negative EPS growth.

Among 45 analysts covering Apple Inc. (NASDAQ:AAPL), 35 have Buy rating, 1 Sell and 9 Hold. Therefore 78% are positive. Apple Inc. had 214 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by BTIG Research on Wednesday, March 1 with “Buy”. Credit Suisse maintained Apple Inc. (NASDAQ:AAPL) on Wednesday, October 26 with “Outperform” rating. The firm has “Outperform” rating by Oppenheimer given on Friday, September 11. The rating was maintained by Maxim Group on Wednesday, January 27 with “Buy”. The stock of Apple Inc. (NASDAQ:AAPL) has “Overweight” rating given on Wednesday, October 26 by Barclays Capital. The rating was maintained by Stifel Nicolaus on Tuesday, October 18 with “Buy”. Robert W. Baird maintained the shares of AAPL in report on Friday, August 7 with “Buy” rating. The rating was maintained by Deutsche Bank with “Hold” on Monday, January 11. The stock has “Buy” rating by Maxim Group on Tuesday, January 31. Barclays Capital maintained it with “Overweight” rating and $121 target in Wednesday, April 27 report.

Since December 27, 2016, it had 0 insider buys, and 32 insider sales for $162.84 million activity. Another trade for 2,300 shares valued at $270,652 was sold by Maestri Luca. 100,000 shares were sold by JUNG ANDREA, worth $12.81M. Another trade for 47,796 shares valued at $6.85M was sold by SCHILLER PHILIP W. $3.60M worth of Apple Inc. (NASDAQ:AAPL) shares were sold by COOK TIMOTHY D. Another trade for 11,949 shares valued at $1.72M was made by Riccio Daniel J. on Thursday, April 6. SEWELL D BRUCE also sold $10.04M worth of Apple Inc. (NASDAQ:AAPL) on Friday, May 5. KONDO CHRIS sold $339,204 worth of stock.

Polen Capital Management Llc increased Dollar Gen Corp New (NYSE:DG) stake by 2.13M shares to 3.90 million valued at $289.14M in 2016Q4. It also upped Align Technology Inc (NASDAQ:ALGN) stake by 1.16M shares and now owns 2.90M shares. Starbucks Corp (NASDAQ:SBUX) was raised too.

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