Courage Miller Partners LLC Acquires 369 Shares of Apple Inc. (NASDAQ:AAPL)

Courage Miller Partners LLC grew its holdings in Apple Inc. (NASDAQ:AAPL) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,956 shares of the iPhone maker’s stock after acquiring an additional 369 shares during the quarter. Apple accounts for 0.8% of Courage Miller Partners LLC’s portfolio, making the stock its 22nd largest holding. Courage Miller Partners LLC’s holdings in Apple were worth $2,204,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Nova R Wealth Inc. lifted its position in Apple by 1.7% in the fourth quarter. Nova R Wealth Inc. now owns 33,894 shares of the iPhone maker’s stock worth $6,526,000 after purchasing an additional 554 shares during the period. Life Planning Partners Inc bought a new position in Apple in the fourth quarter worth $132,000. Woodmont Investment Counsel LLC lifted its position in Apple by 0.7% in the fourth quarter. Woodmont Investment Counsel LLC now owns 175,918 shares of the iPhone maker’s stock worth $33,869,000 after purchasing an additional 1,226 shares during the period. Tevis Investment Management lifted its position in Apple by 2.2% in the fourth quarter. Tevis Investment Management now owns 24,225 shares of the iPhone maker’s stock worth $4,664,000 after purchasing an additional 531 shares during the period. Finally, Quent Capital LLC lifted its position in Apple by 2.1% in the fourth quarter. Quent Capital LLC now owns 124,118 shares of the iPhone maker’s stock worth $23,896,000 after purchasing an additional 2,507 shares during the period. 60.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AAPL shares. DZ Bank reissued a “hold” rating and set a $180.00 price objective on shares of Apple in a report on Thursday, March 28th. DA Davidson started coverage on Apple in a report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 price objective for the company. Redburn Partners cut Apple to a “neutral” rating and set a $200.00 price objective for the company. in a report on Wednesday, January 10th. The Goldman Sachs Group lifted their price objective on Apple from $223.00 to $232.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Bank of America raised Apple from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $208.00 to $225.00 in a report on Thursday, January 18th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average price target of $204.08.

Apple Stock Down 1.9 %

AAPL stock opened at $169.38 on Wednesday. Apple Inc. has a fifty-two week low of $162.80 and a fifty-two week high of $199.62. The business’s 50 day moving average price is $176.00 and its two-hundred day moving average price is $182.31. 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 has a market capitalization of $2.62 trillion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 2.13 and a beta of 1.27.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.09. The company had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.88 EPS. As a group, analysts forecast that Apple Inc. will post 6.55 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Insider Buying and Selling

In related news, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the transaction, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the transaction, the chief executive officer now directly owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Luca Maestri sold 53,194 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total value of $9,262,139.28. Following the completion of the transaction, the chief financial officer now directly owns 107,788 shares in the company, valued at $18,768,046.56. The disclosure for this sale can be found here. Insiders have sold 366,271 shares of company stock worth $63,653,887 in the last 90 days. 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.