Apple Inc. (NASDAQ:AAPL) is Mirador Capital Partners LP’s 4th Largest Position

Mirador Capital Partners LP trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,144 shares of the iPhone maker’s stock after selling 759 shares during the period. Apple accounts for about 3.9% of Mirador Capital Partners LP’s holdings, making the stock its 4th largest holding. Mirador Capital Partners LP’s holdings in Apple were worth $18,318,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Atlantic Private Wealth LLC purchased a new stake in shares of Apple in the 1st quarter valued at about $30,000. Wyrmwood Management LLC lifted its holdings in shares of Apple by 69.0% in the 4th quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after purchasing an additional 69 shares during the last quarter. Gilfoyle & Co LLC lifted its holdings in shares of Apple by 118.0% in the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after purchasing an additional 118 shares during the last quarter. Summit Wealth Group LLC lifted its holdings in shares of Apple by 16,252.3% in the 1st quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock valued at $42,000 after purchasing an additional 6,949,659 shares during the last quarter. Finally, HBC Financial Services PLLC lifted its holdings in shares of Apple by 21.7% in the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares during the last quarter. 60.41% of the stock is owned by hedge funds and other institutional investors.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $168.00 on Thursday. The business’s fifty day moving average price is $175.57 and its two-hundred day moving average price is $182.21. The stock has a market cap of $2.59 trillion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 2.08 and a beta of 1.27. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a one year low of $162.80 and a one year high of $199.62.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. The firm had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. Apple’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.88 EPS. On average, analysts forecast that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Insider Buying and Selling at Apple

In other news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the sale, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Luca Maestri sold 53,194 shares of Apple stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total value of $9,262,139.28. Following the transaction, the chief financial officer now owns 107,788 shares in the company, valued at $18,768,046.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the transaction, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 366,271 shares of company stock worth $63,653,887. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

AAPL has been the topic of several recent research reports. Redburn Partners cut Apple to a “neutral” rating and set a $200.00 price target on the stock. in a research report on Wednesday, January 10th. DA Davidson initiated coverage on Apple in a research report on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price target on the stock. UBS Group restated a “hold” rating and issued a $190.00 price target on shares of Apple in a research report on Monday, March 25th. Oppenheimer restated an “outperform” rating and issued a $200.00 price target on shares of Apple in a research report on Friday, February 2nd. Finally, Maxim Group initiated coverage on Apple in a research report on Wednesday. They issued a “hold” rating and a $178.00 price target on the stock. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.34.

Apple Company Profile

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.