Atlas Wealth Cuts Apple Stake by 64.5%
Atlas Wealth LLC has reduced its stake in Apple Inc., selling off shares worth $7.2 million in the first quarter of this year.
The company's holdings in Apple now account for only 0.9% of its portfolio, making it the stock's 28th biggest holding.
This reduction comes after Apple reported record June-quarter revenue of $109.4 billion and positive analyst sentiment, with HSBC raising its rating to 'buy' and price target to $366.