Altfest L J & Company Trimmed Its Apple Computer (AAPL) Position by $1.17 Million; Share Value Rose; As Regions Finl New (RF) Stock Declined, Salzhauer Michael Has Boosted Stake by $1.98 Million

January 23, 2018 - By Ellis Scott

Salzhauer Michael increased its stake in Regions Finl Corp New (RF) by 371.61% based on its latest 2017Q3 regulatory filing with the SEC. Salzhauer Michael bought 132,293 shares as the company’s stock declined 8.39% while stock markets rallied. The institutional investor held 167,893 shares of the major banks company at the end of 2017Q3, valued at $2.56 million, up from 35,600 at the end of the previous reported quarter. Salzhauer Michael who had been investing in Regions Finl Corp New for a number of months, seems to be bullish on the $22.32B market cap company. The stock increased 0.44% or $0.085 during the last trading session, reaching $19.245. About 7.14 million shares traded. Regions Financial Corporation (NYSE:RF) has risen 48.79% since January 23, 2017 and is uptrending. It has outperformed by 32.09% the S&P500.

Altfest L J & Company Inc decreased its stake in Apple Computer (AAPL) by 24.47% based on its latest 2017Q3 regulatory filing with the SEC. Altfest L J & Company Inc sold 7,605 shares as the company’s stock rose 12.78% with the market. The institutional investor held 23,477 shares of the computer manufacturing company at the end of 2017Q3, valued at $3.62 million, down from 31,082 at the end of the previous reported quarter. Altfest L J & Company Inc who had been investing in Apple Computer for a number of months, seems to be less bullish one the $908.50 billion market cap company. The stock increased 0.90% or $1.5899 during the last trading session, reaching $178.5899. About 11.84 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 23, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Altfest L J & Company Inc, which manages about $205.71 million US Long portfolio, upped its stake in Simon Property Group Inc. (NYSE:SPG) by 3,456 shares to 7,912 shares, valued at $1.27M in 2017Q3, according to the filing. It also increased its holding in Intel Corp (NASDAQ:INTC) by 18,519 shares in the quarter, for a total of 46,788 shares, and has risen its stake in Oracle Corporation (NYSE:ORCL).

Since August 7, 2017, it had 0 insider purchases, and 12 insider sales for $93.68 million activity. AHRENDTS ANGELA J sold $9.78M worth of stock. Another trade for 15,641 shares valued at $2.65 million was sold by Riccio Daniel J.. $1.01 million worth of Apple Inc. (NASDAQ:AAPL) shares were sold by KONDO CHRIS. On Monday, August 7 the insider LEVINSON ARTHUR D sold $5.52 million. Another trade for 268,623 shares valued at $43.15M was sold by COOK TIMOTHY D. SCHILLER PHILIP W also sold $8.79M worth of Apple Inc. (NASDAQ:AAPL) on Tuesday, October 3.

Among 53 analysts covering Apple Inc. (NASDAQ:AAPL), 39 have Buy rating, 1 Sell and 13 Hold. Therefore 74% are positive. Apple Inc. had 352 analyst reports since July 21, 2015 according to SRatingsIntel. J.P. Morgan maintained Apple Inc. (NASDAQ:AAPL) on Wednesday, August 2 with “Buy” rating. The stock of Apple Inc. (NASDAQ:AAPL) has “Hold” rating given on Monday, January 11 by Deutsche Bank. The company was maintained on Tuesday, August 22 by Rosenblatt. The stock has “Buy” rating by Cowen & Co on Wednesday, June 21. The rating was maintained by Canaccord Genuity with “Buy” on Friday, November 3. As per Monday, July 31, the company rating was maintained by RBC Capital Markets. The stock of Apple Inc. (NASDAQ:AAPL) earned “Buy” rating by Maxim Group on Friday, October 23. Mizuho maintained it with “Hold” rating and $125 target in Wednesday, October 28 report. On Monday, June 19 the stock rating was maintained by Maxim Group with “Buy”. The rating was maintained by Cowen & Co with “Outperform” on Wednesday, April 27.

Investors sentiment increased to 0.7 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. It improved, 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. Personal Capital Corporation owns 278,186 shares. Armstrong Shaw Ct reported 36,719 shares. Ionic Cap Management Limited Com owns 0.2% invested in Apple Inc. (NASDAQ:AAPL) for 32,000 shares. Lenox Wealth Mgmt Incorporated holds 17,018 shares. Crow Point Partners Lc holds 1,000 shares or 0.02% of its portfolio. Clinton Grp reported 0.4% of its portfolio in Apple Inc. (NASDAQ:AAPL). Eidelman Virant Capital reported 1.49% of its portfolio in Apple Inc. (NASDAQ:AAPL). Iowa Comml Bank holds 3.12% or 42,997 shares in its portfolio. Commercial Bank Hapoalim Bm, a Israel-based fund reported 37,074 shares. Family Firm accumulated 0.56% or 8,771 shares. Matthew 25 Mngmt Corporation holds 185,000 shares. Pinnacle Wealth Management Advisory Gru Ltd invested in 0.96% or 10,753 shares. Mutual Of Omaha Bancshares Wealth Management accumulated 28,368 shares. Foothills Asset Mgmt accumulated 17,119 shares or 1.98% of the stock. Massachusetts-based Middleton And Communications Ma has invested 3.56% in Apple Inc. (NASDAQ:AAPL).

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 11.91 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.

Salzhauer Michael, which manages about $233.18M US Long portfolio, decreased its stake in Discover Finl Svcs (NYSE:DFS) by 8,107 shares to 6,493 shares, valued at $419,000 in 2017Q3, according to the filing. It also reduced its holding in Jpmorgan Chase & Co (NYSE:JPM) by 54,011 shares in the quarter, leaving it with 32,289 shares, and cut its stake in Citigroup Inc (NYSE:C).

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