TCI Wealth Advisors Inc. Has $33.56 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

TCI Wealth Advisors Inc. lifted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 2.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 144,042 shares of the iPhone maker's stock after buying an additional 3,312 shares during the period. Apple comprises 2.8% of TCI Wealth Advisors Inc.'s portfolio, making the stock its 8th largest holding. TCI Wealth Advisors Inc.'s holdings in Apple were worth $33,562,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bull Oak Capital LLC raised its position in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after buying an additional 111 shares during the last quarter. Hershey Financial Advisers LLC purchased a new position in shares of Apple during the second quarter valued at approximately $42,000. Christopher J. Hasenberg Inc lifted its position in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock valued at $69,000 after purchasing an additional 144 shares during the period. Cordant Inc. boosted its holdings in Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker's stock worth $158,000 after purchasing an additional 173 shares during the last quarter. Finally, Sage Financial Group Inc. bought a new stake in Apple in the 2nd quarter worth approximately $206,000. Hedge funds and other institutional investors own 67.73% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. KeyCorp cut Apple from a "sector weight" rating to an "underweight" rating and set a $200.00 price target on the stock. in a report on Friday, October 25th. Morgan Stanley reissued an "overweight" rating and issued a $273.00 target price on shares of Apple in a report on Friday, December 13th. StockNews.com downgraded Apple from a "buy" rating to a "hold" rating in a research note on Friday, November 1st. Evercore ISI reiterated a "buy" rating and issued a $250.00 price objective on shares of Apple in a research note on Thursday, September 26th. Finally, Needham & Company LLC restated a "buy" rating and set a $260.00 target price on shares of Apple in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $237.47.

Apple Price Performance

Shares of AAPL stock traded down $3.43 during trading hours on Friday, hitting $255.59. The stock had a trading volume of 42,297,621 shares, compared to its average volume of 57,290,680. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The stock has a market capitalization of $3.86 trillion, a price-to-earnings ratio of 42.04, a PEG ratio of 2.41 and a beta of 1.23. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The stock's 50-day moving average price is $237.41 and its two-hundred day moving average price is $227.89.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The business had revenue of $94.93 billion during the quarter, compared to analysts' expectations of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.46 EPS. Equities analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Friday, November 8th. Apple's payout ratio is 16.45%.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 61,019 shares of the company's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the sale, the senior vice president now directly owns 187,043 shares in the company, valued at approximately $42,309,126.60. This represents a 24.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the completion of the transaction, the chief executive officer now owns 3,280,180 shares of the company's stock, valued at approximately $736,269,202.80. This represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 508,170 shares of company stock worth $117,004,745 over the last 90 days. 0.06% of the stock is owned by insiders.

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.