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

TCI Wealth Advisors Inc. decreased its position in Apple Inc. (NASDAQ:AAPL) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,969 shares of the iPhone maker’s stock after selling 2,073 shares during the quarter. Apple accounts for approximately 3.0% of TCI Wealth Advisors Inc.’s portfolio, making the stock its 8th largest position. TCI Wealth Advisors Inc.’s holdings in Apple were worth $35,552,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Drystone LLC acquired a new position in shares of Apple in the fourth quarter valued at approximately $25,000. Bull Oak Capital LLC boosted its position in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the period. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple in the third quarter worth $71,000. Christopher J. Hasenberg Inc increased its position in shares of Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares during the period. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple in the third quarter valued at $77,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Up 1.0 %

Shares of AAPL stock opened at $223.85 on Friday. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average is $230.94 and its two-hundred day moving average is $233.28. The company has a market capitalization of $3.36 trillion, a P/E ratio of 35.53, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating 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%. Equities analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.45%. Apple’s dividend payout ratio is currently 15.87%.

Analyst Ratings Changes

Several research firms recently commented on AAPL. Monness Crespi & Hardt boosted their target price on Apple to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Maxim Group boosted their price objective on Apple to $215.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Barclays raised their target price on shares of Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a report on Friday, January 31st. Wells Fargo & Company boosted their price target on shares of Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Moffett Nathanson restated a “sell” rating and issued a $188.00 price objective (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus price target of $243.65.

Apple Company 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.