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Sander Capital Advisors sold some Apple shares, but overall institutional ownership and Apple’s stock outlook remain strong.
Sander Capital Advisors slightly reduced its Apple stock holdings by selling 190 shares in the third quarter, while First Bancorp Inc increased its stake by 1.7%.
Apple's institutional ownership stands at 67.73%, and several analysts rate the stock as a "Moderate Buy" with a target price of $236.78.
Apple reported a strong third quarter, with earnings per share of $1.64, beating estimates by $0.04, and revenue up 6.1% to $94.93 billion.
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Sander Capital Advisors vendió algunas acciones de Apple, pero la propiedad institucional en general y las perspectivas de Apple siguen siendo fuertes.