Auour Investments LLC Has $1.66 Million Position in Apple Inc. (NASDAQ:AAPL)

Auour Investments LLC cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,489 shares of the iPhone maker’s stock after selling 183 shares during the period. Auour Investments LLC’s holdings in Apple were worth $1,657,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Caliber Wealth Management LLC lifted its stake in shares of Apple by 4.3% in the 3rd quarter. Caliber Wealth Management LLC now owns 16,457 shares of the iPhone maker’s stock valued at $2,818,000 after purchasing an additional 680 shares during the last quarter. Divergent Planning LLC boosted its stake in shares of Apple by 3.5% during the 3rd quarter. Divergent Planning LLC now owns 10,365 shares of the iPhone maker’s stock worth $1,855,000 after acquiring an additional 346 shares in the last quarter. Worth Financial Advisory Group LLC increased its holdings in shares of Apple by 2.5% during the 3rd quarter. Worth Financial Advisory Group LLC now owns 24,833 shares of the iPhone maker’s stock valued at $4,252,000 after acquiring an additional 605 shares during the last quarter. Sanders Morris Harris LLC raised its stake in shares of Apple by 14.2% in the 3rd quarter. Sanders Morris Harris LLC now owns 146,557 shares of the iPhone maker’s stock valued at $25,277,000 after acquiring an additional 18,173 shares in the last quarter. Finally, Ritholtz Wealth Management raised its stake in shares of Apple by 17.0% in the 3rd quarter. Ritholtz Wealth Management now owns 437,730 shares of the iPhone maker’s stock valued at $74,944,000 after acquiring an additional 63,498 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Maxim Group started coverage on Apple in a report on Wednesday, April 17th. They set a “hold” rating and a $178.00 price target on the stock. Redburn Partners lowered shares of Apple to a “neutral” rating and set a $200.00 target price for the company. in a research report on Wednesday, January 10th. Citigroup reaffirmed a “buy” rating and issued a $225.00 price target on shares of Apple in a research report on Friday, February 16th. Robert W. Baird boosted their price objective on Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Finally, Loop Capital lowered their target price on Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a report on Monday, April 1st. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average target price of $203.05.

Insiders Place Their Bets

In other news, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the sale, the senior vice president now directly owns 136,572 shares in the company, valued at $23,068,376.52. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the sale, the senior vice president now owns 136,572 shares of the company’s stock, valued at approximately $23,068,376.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 366,271 shares of company stock valued at $63,653,887. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Down 0.3 %

Shares of NASDAQ:AAPL opened at $169.30 on Monday. The company has a market capitalization of $2.61 trillion, a PE ratio of 26.37, a P/E/G ratio of 2.04 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. The company’s fifty day moving average is $173.04 and its 200-day moving average is $181.83. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $199.62.

Apple (NASDAQ:AAPL) last released its quarterly 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. Apple had a net margin of 26.16% and a return on equity of 156.04%. The firm had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. During the same period in the previous year, the business earned $1.88 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts predict that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 0.57%. Apple’s payout ratio is 14.95%.

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.