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Suncoast Equity Management, managed by Donald R. Jowdy, recently executed a significant transaction involving Apple Inc ((AAPL)). The hedge fund reduced its position by 4,871 shares.
Spark’s Take on AAPL Stock
According to Spark, TipRanks’ AI Analyst, AAPL is a Outperform.
The score is driven primarily by Apple’s very strong profitability and cash-flow generation, supported by constructive price momentum. Offsetting factors are a valuation that is not inexpensive (low dividend yield) and earnings-call risks around supply constraints, rising memory costs, and higher operating expenses that could pressure near-term margins.
To see Spark’s full report on AAPL stock, click here.
More about Apple Inc
YTD Price Performance: 8.00%
Average Trading Volume: 44,300,664
Current Market Cap: $4308.1B