Tilia Fiduciary Partners Inc. Has $6.60 Million Holdings in Apple Inc. $AAPL

Tilia Fiduciary Partners Inc. lowered its position in Apple Inc. (NASDAQ:AAPL) by 3.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,155 shares of the iPhone maker’s stock after selling 1,322 shares during the period. Apple makes up approximately 4.0% of Tilia Fiduciary Partners Inc.’s investment portfolio, making the stock its biggest holding. Tilia Fiduciary Partners Inc.’s holdings in Apple were worth $6,597,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AAPL. Ryan Investment Management Inc. bought a new stake in Apple in the second quarter worth about $31,000. ROSS JOHNSON & Associates LLC lifted its stake in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares during the last quarter. Elite Financial Inc. bought a new stake in Apple in the first quarter worth about $58,000. LSV Asset Management bought a new stake in shares of Apple during the fourth quarter valued at approximately $65,000. Finally, HFM Investment Advisors LLC bought a new stake in shares of Apple during the first quarter valued at approximately $99,000. Institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Bank of America lifted their price target on shares of Apple from $260.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. CLSA raised shares of Apple to a “strong-buy” rating in a research note on Sunday, October 5th. DA Davidson reaffirmed a “neutral” rating and set a $250.00 price target on shares of Apple in a research note on Thursday, September 11th. Wells Fargo & Company lifted their price target on shares of Apple from $245.00 to $290.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Finally, UBS Group reaffirmed a “neutral” rating on shares of Apple in a research note on Monday, September 8th. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average price target of $252.47.

Apple Stock Performance

Shares of AAPL stock opened at $262.82 on Friday. The business’s fifty day simple moving average is $244.15 and its 200-day simple moving average is $219.51. The company has a market cap of $3.90 trillion, a PE ratio of 39.88, a PEG ratio of 2.56 and a beta of 1.09. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $265.29.

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

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were given a dividend of $0.26 per share. The ex-dividend date of this dividend 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 is presently 15.78%.

Insiders Place Their Bets

In other news, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the sale, the chief financial officer directly owned 8,765 shares of the company’s stock, valued at $2,168,373.35. The trade was a 32.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 43,013 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the sale, the senior vice president directly owned 136,687 shares in the company, valued at $35,181,866.93. This trade represents a 23.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 259,121 shares of company stock valued at $65,358,981. Company insiders own 0.06% of the company’s stock.

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.