Cyr Financial Inc. Sells 178 Shares of Apple Inc. (NASDAQ:AAPL)

Cyr Financial Inc. lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,850 shares of the iPhone maker’s stock after selling 178 shares during the period. Apple comprises approximately 0.9% of Cyr Financial Inc.’s holdings, making the stock its 18th largest holding. Cyr Financial Inc.’s holdings in Apple were worth $964,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. AMF Tjanstepension AB grew its position in shares of Apple by 21.1% in the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock worth $787,631,000 after buying an additional 588,427 shares during the last quarter. First PREMIER Bank grew its holdings in Apple by 1.7% in the third quarter. First PREMIER Bank now owns 93,467 shares of the iPhone maker’s stock worth $21,778,000 after purchasing an additional 1,551 shares during the last quarter. Barlow Wealth Partners Inc. grew its holdings in Apple by 0.4% in the third quarter. Barlow Wealth Partners Inc. now owns 118,888 shares of the iPhone maker’s stock worth $26,356,000 after purchasing an additional 524 shares during the last quarter. Great Oak Capital Partners LLC increased its position in shares of Apple by 1.4% during the third quarter. Great Oak Capital Partners LLC now owns 4,978 shares of the iPhone maker’s stock worth $1,129,000 after purchasing an additional 70 shares in the last quarter. Finally, Tilia Fiduciary Partners Inc. lifted its holdings in shares of Apple by 5.3% during the 3rd quarter. Tilia Fiduciary Partners Inc. now owns 32,816 shares of the iPhone maker’s stock valued at $7,646,000 after purchasing an additional 1,656 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Maxim Group boosted their target price on Apple to $215.00 and gave the stock a “hold” rating in a research note on Friday, February 21st. Oppenheimer downgraded Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Bank of America upped their price objective on shares of Apple from $253.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 31st. Jefferies Financial Group reiterated an “underperform” rating on shares of Apple in a research note on Wednesday, February 19th. Finally, Monness Crespi & Hardt upped their price target on shares of Apple to $245.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $243.65.

Apple Price Performance

Shares of NASDAQ AAPL opened at $221.53 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm has a market cap of $3.33 trillion, a PE ratio of 35.16, a PEG ratio of 2.44 and a beta of 1.18. Apple Inc. has a one year low of $164.08 and a one year high of $260.10. The firm has a fifty day moving average of $231.03 and a 200 day moving average of $233.35.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping 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, research analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. 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.