Steinberg Global Asset Management Holding in Abb LTD (ABB) Has Upped as Shares Rose; Apple (AAPL) Shareholder Parsons Capital Management Has Trimmed Holding as Share Value Rose

January 18, 2018 - By Maria Brooks

Steinberg Global Asset Management increased its stake in Abb Ltd (ABB) by 18.82% based on its latest 2017Q3 regulatory filing with the SEC. Steinberg Global Asset Management bought 17,445 shares as the company’s stock rose 9.90% with the market. The institutional investor held 110,141 shares of the electrical products company at the end of 2017Q3, valued at $2.73M, up from 92,696 at the end of the previous reported quarter. Steinberg Global Asset Management who had been investing in Abb Ltd for a number of months, seems to be bullish on the $60.04B market cap company. The stock decreased 0.61% or $0.17 during the last trading session, reaching $27.9. About 1.09 million shares traded. ABB Ltd (NYSE:ABB) has risen 23.97% since January 18, 2017 and is uptrending. It has outperformed by 7.27% the S&P500.

Parsons Capital Management Inc decreased its stake in Apple Inc (AAPL) by 0.74% based on its latest 2017Q3 regulatory filing with the SEC. Parsons Capital Management Inc sold 2,614 shares as the company’s stock rose 12.78% with the market. The institutional investor held 351,386 shares of the computer manufacturing company at the end of 2017Q3, valued at $54.16 million, down from 354,000 at the end of the previous reported quarter. Parsons Capital Management Inc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $911.09 billion market cap company. The stock increased 1.65% or $2.91 during the last trading session, reaching $179.1. About 34.39M shares traded or 25.95% up from the average. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 18, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

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 $19.08B for 11.94 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.

Among 52 analysts covering Apple Inc. (NASDAQ:AAPL), 39 have Buy rating, 1 Sell and 12 Hold. Therefore 75% are positive. Apple Inc. has $220.0 highest and $11 lowest target. $170.67’s average target is -4.71% below currents $179.1 stock price. Apple Inc. had 349 analyst reports since July 21, 2015 according to SRatingsIntel. As per Wednesday, October 28, the company rating was maintained by Oppenheimer. The stock has “Hold” rating by KeyBanc Capital Markets on Thursday, September 7. The firm has “Overweight” rating by Morgan Stanley given on Friday, November 3. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Wednesday, April 27 by Brean Capital. The stock of Apple Inc. (NASDAQ:AAPL) has “Buy” rating given on Thursday, September 14 by Maxim Group. Maxim Group maintained it with “Buy” rating and $162 target in Wednesday, January 27 report. The firm has “Buy” rating by Piper Jaffray given on Thursday, November 30. The stock of Apple Inc. (NASDAQ:AAPL) earned “Outperform.” rating by FBR Capital on Monday, October 26. The stock of Apple Inc. (NASDAQ:AAPL) earned “Hold” rating by Nomura on Tuesday, December 19. The rating was maintained by Nomura with “Buy” on Friday, March 24.

Investors sentiment increased to 0.7 in 2017 Q3. Its up 0.02, from 0.68 in 2017Q2. It increased, as 52 investors sold AAPL shares while 1034 reduced holdings. 116 funds opened positions while 640 raised stakes. 2.97 billion shares or 2.78% less from 3.06 billion shares in 2017Q2 were reported. Holowesko Prtn Ltd holds 272,000 shares or 3.34% of its portfolio. Moreover, Arete Wealth Ltd has 2.27% invested in Apple Inc. (NASDAQ:AAPL). Boyd Watterson Asset Mngmt Limited Liability Corporation Oh holds 20,868 shares or 1.59% of its portfolio. Primecap Management Communication Ca invested in 0.12% or 918,500 shares. Moreover, Hanseatic Management Svcs has 5.11% invested in Apple Inc. (NASDAQ:AAPL). Sunbelt reported 4.07% stake. Salem Investment Counselors has invested 5.8% in Apple Inc. (NASDAQ:AAPL). Bradley Foster And Sargent Ct reported 2.95% in Apple Inc. (NASDAQ:AAPL). Moreover, Farr Miller And Washington Lc Dc has 0.63% invested in Apple Inc. (NASDAQ:AAPL) for 42,953 shares. Winfield Assoc Inc invested 3.54% of its portfolio in Apple Inc. (NASDAQ:AAPL). Waters Parkerson And Ltd Liability Corporation invested 0.67% in Apple Inc. (NASDAQ:AAPL). Welch Capital Prns Ltd Liability Com New York has 27,317 shares. Cutter And Brokerage holds 13,602 shares or 0.83% of its portfolio. Miles invested in 12,816 shares or 1.12% of the stock. Buckingham has invested 2.07% in Apple Inc. (NASDAQ:AAPL).

Since August 7, 2017, it had 0 insider purchases, and 12 selling transactions for $93.68 million activity. Riccio Daniel J. had sold 15,641 shares worth $2.73M on Friday, January 5. Another trade for 6,209 shares valued at $1.01 million was sold by KONDO CHRIS. FEDERIGHI CRAIG sold $9.98 million worth of Apple Inc. (NASDAQ:AAPL) on Monday, August 7. The insider Srouji Johny sold 10,469 shares worth $1.70M. LEVINSON ARTHUR D also sold $5.52M worth of Apple Inc. (NASDAQ:AAPL) shares. 268,623 Apple Inc. (NASDAQ:AAPL) shares with value of $43.15M were sold by COOK TIMOTHY D.

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