Mirador Capital Partners LP Trims Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Mirador Capital Partners LP lessened its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 101,693 shares of the iPhone maker's stock after selling 3,236 shares during the period. Apple comprises approximately 4.3% of Mirador Capital Partners LP's portfolio, making the stock its 3rd largest position. Mirador Capital Partners LP's holdings in Apple were worth $23,695,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AAPL. Fidelis Capital Partners LLC grew its stake in shares of Apple by 17.9% in the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker's stock worth $35,000 after acquiring an additional 31,278 shares in the last quarter. Hershey Financial Advisers LLC acquired a new position in shares of Apple in the second quarter worth $42,000. Access Investment Management LLC acquired a new position in shares of Apple in the first quarter worth $140,000. Hoese & Co LLP lifted its position in shares of Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker's stock worth $175,000 after purchasing an additional 57 shares during the last quarter. Finally, Sage Financial Group Inc. purchased a new stake in shares of Apple during the 2nd quarter worth $206,000. Institutional investors and hedge funds own 60.41% of the company's stock.

Insider Activity at Apple

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares of the company's stock, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the sale, the insider now directly owns 15,419 shares of the company's stock, valued at $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 408,170 shares of company stock valued at $92,007,745. Company insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. TD Cowen lifted their price objective on shares of Apple from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, July 29th. Rosenblatt Securities lifted their price objective on shares of Apple from $261.00 to $262.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. The Goldman Sachs Group lifted their price objective on shares of Apple from $265.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Piper Sandler reissued a "neutral" rating and issued a $225.00 price target on shares of Apple in a research report on Wednesday, October 9th. Finally, Tigress Financial boosted their price target on shares of Apple from $245.00 to $295.00 and gave the company a "strong-buy" rating in a research report on Wednesday, August 28th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Apple has an average rating of "Moderate Buy" and a consensus price target of $235.25.

Apple Stock Up 0.3 %

AAPL stock opened at $229.00 on Thursday. The company's 50 day simple moving average is $227.47 and its 200-day simple moving average is $217.40. The firm has a market capitalization of $3.46 trillion, a PE ratio of 37.66, a P/E/G ratio of 2.20 and a beta of 1.24. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83.

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

Apple Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Friday, November 8th. Apple's payout ratio is 16.45%.

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.