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Rainier Investment Management Has Trimmed Apple (AAPL) Holding as Stock Price Rose; Confluence Investment Management Trimmed Morningstar (MORN) Holding by $4.03 Million

Rainier Investment Management Llc decreased its stake in Apple Inc (AAPL) by 24.24% based on its latest 2017Q3 regulatory filing with the SEC. Rainier Investment Management Llc sold 7,300 shares as the company’s stock rose 12.78% with the market. The institutional investor held 22,820 shares of the computer manufacturing company at the end of 2017Q3, valued at $3.52 million, down from 30,120 at the end of the previous reported quarter. Rainier Investment Management Llc who had been investing in Apple Inc for a number of months, seems to be less bullish one the $914.35 billion market cap company. The stock increased 0.36% or $0.6401 during the last trading session, reaching $179.7401. About 18.62M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 18, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Confluence Investment Management Llc decreased its stake in Morningstar Inc. (MORN) by 25.81% based on its latest 2017Q3 regulatory filing with the SEC. Confluence Investment Management Llc sold 48,035 shares as the company’s stock declined 8.16% while stock markets rallied. The institutional investor held 138,103 shares of the finance company at the end of 2017Q3, valued at $11.74 million, down from 186,138 at the end of the previous reported quarter. Confluence Investment Management Llc who had been investing in Morningstar Inc. for a number of months, seems to be less bullish one the $4.30 billion market cap company. The stock increased 2.80% or $2.75 during the last trading session, reaching $101.09. About 42,976 shares traded. Morningstar, Inc. (NASDAQ:MORN) has declined 10.17% since January 18, 2017 and is downtrending. It has underperformed by 26.87% the S&P500.

Since August 7, 2017, it had 0 insider buys, and 12 selling transactions for $93.68 million activity. FEDERIGHI CRAIG also sold $9.98M worth of Apple Inc. (NASDAQ:AAPL) shares. 6,209 Apple Inc. (NASDAQ:AAPL) shares with value of $1.01M were sold by KONDO CHRIS. Shares for $5.52M were sold by LEVINSON ARTHUR D on Monday, August 7. 63,388 Apple Inc. (NASDAQ:AAPL) shares with value of $9.78M were sold by AHRENDTS ANGELA J. On Tuesday, October 3 SCHILLER PHILIP W sold $8.79M worth of Apple Inc. (NASDAQ:AAPL) or 56,808 shares. 268,623 shares valued at $43.15 million were sold by COOK TIMOTHY D on Thursday, August 24.

Investors sentiment increased to 0.7 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. It is positive, 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. Lyons Wealth Mngmt Limited Liability Company accumulated 105,300 shares. Public Employees Retirement System Of Ohio accumulated 3.90 million shares. Burke And Herbert Bank And Tru has invested 2.63% in Apple Inc. (NASDAQ:AAPL). Pioneer Trust Commercial Bank N A Or holds 4.4% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 54,989 shares. One Capital Management Limited Liability Company accumulated 38,314 shares. Jones Collombin Investment Counsel holds 3.1% or 59,132 shares. Reliance Trust Of Delaware reported 51,593 shares or 1.21% of all its holdings. North Carolina-based Salem Inv Counselors has invested 5.8% in Apple Inc. (NASDAQ:AAPL). Winslow Mngmt Limited Liability holds 3.94M shares or 3.27% of its portfolio. Moors Cabot invested in 1.86% or 83,595 shares. Nomura accumulated 728,671 shares or 0.24% of the stock. Capstone Llc owns 268,157 shares or 1.45% of their US portfolio. D Scott Neal owns 1,212 shares for 0.11% of their portfolio. Moreover, Bridges Inv Management has 4.36% invested in Apple Inc. (NASDAQ:AAPL) for 220,220 shares. Country Club Trust Comm Na accumulated 48,073 shares or 1.02% of the stock.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on January, 30. They expect $3.75 earnings per share, up 11.61% or $0.39 from last year’s $3.36 per share. AAPL’s profit will be $19.08 billion for 11.98 P/E if the $3.75 EPS becomes a reality. After $2.07 actual earnings per share 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. had 349 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, July 10 by Piper Jaffray. The stock has “Buy” rating by Drexel Hamilton on Wednesday, August 23. Piper Jaffray maintained Apple Inc. (NASDAQ:AAPL) on Tuesday, January 2 with “Buy” rating. Maxim Group maintained the shares of AAPL in report on Friday, September 22 with “Buy” rating. The stock of Apple Inc. (NASDAQ:AAPL) earned “Hold” rating by Deutsche Bank on Monday, July 17. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, October 26. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Nomura on Friday, March 24. Bank of America maintained the stock with “Buy” rating in Thursday, January 19 report. The rating was maintained by S&P Research with “Hold” on Friday, September 11. The company was maintained on Thursday, July 27 by Needham.

Since September 27, 2017, it had 0 insider purchases, and 4 insider sales for $2.00 million activity. Shares for $209,666 were sold by Kaplan Steven N. NOONAN JACK also sold $1.71 million worth of Morningstar, Inc. (NASDAQ:MORN) on Monday, October 30.

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