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Cadinha & Co Decreased Its Rio Tinto Plc Sp Adr (RIO) Holding; Rafferty Asset Management Trimmed Its Apple (AAPL) Position

Rafferty Asset Management Llc decreased Apple Inc (AAPL) stake by 66.49% reported in 2017Q3 SEC filing. Rafferty Asset Management Llc sold 24,881 shares as Apple Inc (AAPL)’s stock rose 12.78%. The Rafferty Asset Management Llc holds 12,539 shares with $1.93 million value, down from 37,420 last quarter. Apple Inc now has $881.25B valuation. The stock increased 1.06% or $1.83 during the last trading session, reaching $173.68. About 24.45 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since February 21, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Cadinha & Co Llc decreased Rio Tinto Plc Sp Adr (RIO) stake by 39.87% reported in 2017Q3 SEC filing. Cadinha & Co Llc sold 121,145 shares as Rio Tinto Plc Sp Adr (RIO)’s stock declined 9.05%. The Cadinha & Co Llc holds 182,675 shares with $8.62M value, down from 303,820 last quarter. Rio Tinto Plc Sp Adr now has $90.25B valuation. The stock increased 0.39% or $0.22 during the last trading session, reaching $56.49. About 1.55M shares traded. Rio Tinto plc (NYSE:RIO) has risen 43.73% since February 21, 2017 and is uptrending. It has outperformed by 27.03% the S&P500.

Rafferty Asset Management Llc increased Western Digital Corp (NASDAQ:WDC) stake by 6,565 shares to 22,983 valued at $1.99 million in 2017Q3. It also upped Ishares Tr (ILF) stake by 46,544 shares and now owns 247,343 shares. Synovus Finl Corp (NYSE:SNV) was raised too.

Among 53 analysts covering Apple Inc. (NASDAQ:AAPL), 34 have Buy rating, 1 Sell and 18 Hold. Therefore 64% are positive. Apple Inc. had 378 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, December 23 by Stifel Nicolaus. The stock of Apple Inc. (NASDAQ:AAPL) has “Overweight” rating given on Friday, August 28 by Piper Jaffray. The rating was maintained by BMO Capital Markets on Wednesday, September 13 with “Buy”. The firm earned “Buy” rating on Wednesday, March 1 by BTIG Research. The firm has “Buy” rating by Mizuho given on Monday, February 27. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Needham on Thursday, July 27. The rating was maintained by Maxim Group with “Buy” on Wednesday, April 27. The stock has “Buy” rating by Argus Research on Wednesday, January 27. The firm earned “Buy” rating on Sunday, August 16 by Rosenblatt. Bank of America downgraded Apple Inc. (NASDAQ:AAPL) on Wednesday, August 5 to “Neutral” rating.

Since August 24, 2017, it had 0 buys, and 6 insider sales for $27.32 million activity. Shares for $2.73M were sold by Riccio Daniel J.. $43.15 million worth of Apple Inc. (NASDAQ:AAPL) shares were sold by COOK TIMOTHY D. 63,388 shares were sold by AHRENDTS ANGELA J, worth $9.78M on Tuesday, October 3. $8.79 million worth of Apple Inc. (NASDAQ:AAPL) was sold by SCHILLER PHILIP W on Tuesday, October 3. Another trade for 5,892 shares valued at $948,612 was made by Srouji Johny on Monday, August 28.

Investors sentiment increased to 0.7 in 2017 Q3. 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. 2.05M are owned by Fifth Third Retail Bank. Weiss Multi holds 10,000 shares or 0.06% of its portfolio. Glenmede Trust Na reported 2.39M shares. Rockefeller Fincl Services invested in 39,128 shares or 0.11% of the stock. Bnp Paribas Arbitrage owns 8.04M shares or 3.03% of their US portfolio. Schwartz Counsel accumulated 3,330 shares. Cim Ltd Llc has 4.74% invested in Apple Inc. (NASDAQ:AAPL) for 74,329 shares. Lbmc Invest Advsrs Limited stated it has 0.16% in Apple Inc. (NASDAQ:AAPL). Legg Mason Asset Mngmt (Japan) Com owns 24,600 shares. Moreover, Cornercap Investment Counsel has 0.39% invested in Apple Inc. (NASDAQ:AAPL). Pictet North America Advsr owns 6.09% invested in Apple Inc. (NASDAQ:AAPL) for 249,495 shares. Jpmorgan Chase & Company accumulated 1.78% or 52.76 million shares. Spc holds 0.49% of its portfolio in Apple Inc. (NASDAQ:AAPL) for 12,898 shares. Wright Invsts Service reported 60,852 shares or 3.41% of all its holdings. 98,451 were accumulated by Essex Mngmt Limited Liability Com.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on May, 1. They expect $2.72 EPS, up 29.52% or $0.62 from last year’s $2.1 per share. AAPL’s profit will be $13.80 billion for 15.96 P/E if the $2.72 EPS becomes a reality. After $3.89 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts -30.08% negative EPS growth.

Cadinha & Co Llc increased Ishares S&P 500 Index (IVV) stake by 2,511 shares to 58,983 valued at $14.92M in 2017Q3. It also upped Ishares Core Msci Euro (IEUR) stake by 10,121 shares and now owns 476,730 shares. Spdr Djia Avg Etf (DIA) was raised too.

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