Apple Inc. (NASDAQ:AAPL) Shares Sold by Colton Groome Financial Advisors LLC

Colton Groome Financial Advisors LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 10.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,341 shares of the iPhone maker's stock after selling 3,033 shares during the period. Apple comprises about 2.6% of Colton Groome Financial Advisors LLC's investment portfolio, making the stock its 6th biggest holding. Colton Groome Financial Advisors LLC's holdings in Apple were worth $6,847,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AAPL. Drystone LLC acquired a new stake in Apple in the fourth quarter valued at $25,000. Bull Oak Capital LLC grew its holdings in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after acquiring an additional 111 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new stake in shares of Apple in the 3rd quarter worth about $71,000. Christopher J. Hasenberg Inc raised its stake in shares of Apple by 88.9% in the 3rd 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 in the last quarter. Finally, Teachers Insurance & Annuity Association of America bought a new position in shares of Apple during the third quarter worth about $77,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

Apple stock traded down $5.95 during trading hours on Friday, hitting $217.90. 39,775,695 shares of the company traded hands, compared to its average volume of 54,852,651. Apple Inc. has a 1-year low of $164.08 and a 1-year high of $260.10. The firm 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. The firm's 50-day simple moving average is $230.70 and its two-hundred day simple moving average is $233.35. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.

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Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Monday, February 10th. Apple's dividend payout ratio (DPR) is presently 15.87%.

Analysts Set New Price Targets

AAPL has been the subject of several research analyst reports. KeyCorp reissued an "underweight" rating and issued a $200.00 price objective on shares of Apple in a report on Friday, January 31st. Barclays boosted their price target on Apple from $183.00 to $197.00 and gave the company an "underweight" rating in a report on Friday, January 31st. Citigroup raised their price objective on Apple from $255.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Rosenblatt Securities reiterated a "buy" rating and set a $262.00 target price on shares of Apple in a research note on Monday, January 27th. Finally, Sanford C. Bernstein raised their price target on shares of Apple from $240.00 to $260.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $245.52.

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.