Apple Inc. (NASDAQ:AAPL) is TCI Wealth Advisors Inc.'s 8th Largest Position

TCI Wealth Advisors Inc. lessened its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 141,969 shares of the iPhone maker's stock after selling 2,073 shares during the quarter. Apple accounts for 3.0% of TCI Wealth Advisors Inc.'s investment portfolio, making the stock its 8th biggest position. TCI Wealth Advisors Inc.'s holdings in Apple were worth $35,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. O Connor Financial Group LLC boosted its position in shares of Apple by 1.2% during the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker's stock valued at $896,000 after buying an additional 41 shares during the period. 1620 Investment Advisors Inc. boosted its holdings in Apple by 0.5% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker's stock valued at $2,249,000 after acquiring an additional 45 shares during the period. Carolina Wealth Advisors LLC grew its position in Apple by 1.3% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker's stock valued at $813,000 after acquiring an additional 46 shares during the last quarter. Menard Financial Group LLC lifted its position in shares of Apple by 0.4% during the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker's stock worth $2,848,000 after purchasing an additional 48 shares during the last quarter. Finally, Hanseatic Management Services Inc. boosted its stake in shares of Apple by 1.3% during the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker's stock valued at $945,000 after purchasing an additional 48 shares during the period. Hedge funds and other institutional investors own 67.73% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts have recently weighed in on AAPL shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $262.00 price target on shares of Apple in a research note on Monday, January 27th. Sanford C. Bernstein increased their price target on Apple from $240.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Wells Fargo & Company raised their price target on Apple to $275.00 and gave the company a "buy" rating in a research note on Monday, December 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $260.00 price objective on shares of Apple in a research note on Friday, January 31st. Finally, Moffett Nathanson reissued a "sell" rating and set a $188.00 target price (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $245.52.

Apple Trading Down 2.7 %

NASDAQ:AAPL traded down $5.95 during mid-day trading on Friday, reaching $217.90. The company's stock had a trading volume of 39,775,695 shares, compared to its average volume of 54,852,651. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. The company's fifty day simple moving average is $230.70 and its two-hundred day simple moving average is $233.35. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The stock has a market cap of $3.27 trillion, a P/E ratio of 34.59, a P/E/G ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, equities analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Monday, February 10th. Apple's payout ratio is currently 15.87%.

Apple 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.