Apple Inc. (NASDAQ:AAPL) Holdings Trimmed by Mycio Wealth Partners LLC

Mycio Wealth Partners LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,866 shares of the iPhone maker's stock after selling 4,861 shares during the period. Apple accounts for approximately 3.7% of Mycio Wealth Partners LLC's portfolio, making the stock its 4th biggest holding. Mycio Wealth Partners LLC's holdings in Apple were worth $15,242,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. O Connor Financial Group LLC lifted its stake 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 worth $896,000 after buying an additional 41 shares during the period. 1620 Investment Advisors Inc. lifted its stake 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. Menard Financial Group LLC increased its stake in shares of Apple by 0.4% in the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker's stock worth $2,848,000 after acquiring an additional 48 shares during the period. Hanseatic Management Services Inc. raised its holdings 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 worth $945,000 after purchasing an additional 48 shares during the last quarter. Finally, Latitude Advisors LLC boosted its holdings in Apple by 0.3% in the third quarter. Latitude Advisors LLC now owns 17,236 shares of the iPhone maker's stock valued at $4,016,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price target on Apple from $270.00 to $245.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Raymond James raised their price target on shares of Apple to $250.00 and gave the company a "buy" rating in a research report on Friday, April 4th. Redburn Partners set a $230.00 target price on shares of Apple in a research note on Friday, January 31st. Monness Crespi & Hardt lifted their price target on Apple to $245.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Finally, Oppenheimer lowered Apple from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and a consensus price target of $235.85.

Insider Activity at Apple

In other Apple news, SVP Katherine L. Adams sold 38,822 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the transaction, the senior vice president now directly owns 179,158 shares of the company's stock, valued at approximately $40,072,269.86. This trade represents a 17.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Jeffrey E. Williams sold 35,493 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the completion of the sale, the chief operating officer now directly owns 390,059 shares of the company's stock, valued at $87,377,116.59. The trade was a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 182,451 shares of company stock valued at $40,818,720 over the last ninety days. Insiders own 0.06% of the company's stock.

Apple Stock Down 1.9 %

Shares of Apple stock traded down $3.82 during trading on Monday, hitting $193.16. 46,653,946 shares of the stock were exchanged, compared to its average volume of 56,785,313. The stock has a market cap of $2.90 trillion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The firm's 50-day moving average price is $218.77 and its 200 day moving average price is $229.90. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a 12-month low of $164.77 and a 12-month high of $260.10.

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

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Monday, February 10th. Apple's dividend payout ratio (DPR) is 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.