Fidelity's Contrafund Cuts Apple (AAPL) Stake Further in April
Tweet
Share
E-mailGet Alerts AAPL Hot Sheet
Price: $336.13 -0.26%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.3%
Revenue Growth %: +10.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.3%
Revenue Growth %: +10.4%
Join SI Premium – FREE
Apple (Nasdaq: AAPL) is trading higher early Monday amid a large institutional investor remaining cautious on the name.
Reuters noted that Fidelity's Contrafund, run by portfolio manager Will Danoff, cut its Apple stake by another 9 percent in April. The move comes following a 12 percent drop in the position during first-quarter 2013.
At the end of April, Fidelity's Contrafund reported holding 9.2 million Apple shares.
Fidelity's Contrafund is the second-largest Apple holder behind Vanguard Group Index.
Reuters noted that Fidelity's Contrafund, run by portfolio manager Will Danoff, cut its Apple stake by another 9 percent in April. The move comes following a 12 percent drop in the position during first-quarter 2013.
At the end of April, Fidelity's Contrafund reported holding 9.2 million Apple shares.
Fidelity's Contrafund is the second-largest Apple holder behind Vanguard Group Index.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies on iPhone: 'Lead Time and Resale Prices Indicate Weakness', 'Duo will likely cannibalize 18P/PM'
- Apple Pay Eyes India Rollout With Axis Bank, Sources Say - Reuters
- BofA Securities Reiterates Buy Rating on Apple (AAPL)
Create E-mail Alert Related Categories
13Fs, Insider Trades, Trader TalkRelated Entities
VanguardSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
