Apple Inc. $AAPL Shares Sold by Colorado Capital Management Inc.

Colorado Capital Management Inc. trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,193 shares of the iPhone maker’s stock after selling 73 shares during the period. Apple makes up approximately 3.1% of Colorado Capital Management Inc.’s investment portfolio, making the stock its 8th largest holding. Colorado Capital Management Inc.’s holdings in Apple were worth $7,220,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Advanced Portfolio Management LLC lifted its holdings in Apple by 0.3% in the 4th quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker’s stock valued at $3,260,000 after acquiring an additional 47 shares during the last quarter. Salus Financial Advisors LLC raised its holdings in shares of Apple by 3.9% in the 1st quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock worth $291,000 after purchasing an additional 49 shares in the last quarter. Sharpepoint LLC grew its position in Apple by 3.5% in the first quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker’s stock worth $322,000 after buying an additional 51 shares during the last quarter. Redwood Financial Network Corp grew its position in Apple by 0.6% in the fourth quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker’s stock worth $2,184,000 after buying an additional 53 shares during the last quarter. Finally, Mission Hills Financial Advisory LLC grew its position in Apple by 1.3% in the first quarter. Mission Hills Financial Advisory LLC now owns 4,016 shares of the iPhone maker’s stock worth $892,000 after buying an additional 53 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Up 0.1%

Apple stock opened at $254.63 on Wednesday. The firm has a market cap of $3.78 trillion, a price-to-earnings ratio of 38.64, a P/E/G ratio of 2.64 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The firm has a fifty day moving average price of $230.51 and a two-hundred day moving average price of $213.80.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. Apple had a return on equity of 170.91% and a net margin of 24.30%.The firm had revenue of $94.04 billion for the quarter, compared to analyst estimates of $88.64 billion. During the same quarter last year, the firm posted $1.40 EPS. The company’s revenue was up 9.6% on a year-over-year basis. As a group, analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were given a $0.26 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s dividend payout ratio (DPR) is currently 15.78%.

Insider Activity at Apple

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $223.20, for a total value of $7,772,047.20. Following the completion of the sale, the senior vice president owned 136,687 shares in the company, valued at approximately $30,508,538.40. This trade represents a 20.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the subject of several analyst reports. Wedbush set a $310.00 target price on Apple and gave the company an “outperform” rating in a report on Monday, September 22nd. Loop Capital dropped their target price on shares of Apple from $230.00 to $226.00 and set a “hold” rating on the stock in a research report on Thursday, August 21st. Sanford C. Bernstein started coverage on shares of Apple in a research note on Monday, September 15th. They issued an “outperform” rating and a $290.00 price objective for the company. Moffett Nathanson raised shares of Apple from a “sell” rating to a “neutral” rating and set a $225.00 price objective for the company in a research note on Thursday, September 4th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Apple in a research note on Monday, September 8th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $245.51.

About Apple

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.