Apple Inc. (NASDAQ:AAPL) Stake Lowered by Courage Miller Partners LLC

Courage Miller Partners LLC cut its stake in shares of Apple Inc. (NASDAQ:AAPL) by 8.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,900 shares of the iPhone maker’s stock after selling 620 shares during the quarter. Courage Miller Partners LLC’s holdings in Apple were worth $976,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. OLD Mission Capital LLC acquired a new position in shares of Apple during the third quarter worth approximately $1,238,000. Meitav Dash Investments Ltd. boosted its position in shares of Apple by 68.6% during the second quarter. Meitav Dash Investments Ltd. now owns 583,160 shares of the iPhone maker’s stock worth $79,861,000 after buying an additional 237,361 shares during the period. Ibex Investors LLC acquired a new position in shares of Apple during the second quarter worth approximately $1,808,000. Bigelow Investment Advisors LLC boosted its position in shares of Apple by 0.9% during the second quarter. Bigelow Investment Advisors LLC now owns 41,866 shares of the iPhone maker’s stock worth $5,734,000 after buying an additional 381 shares during the period. Finally, Fairhaven Wealth Management LLC boosted its position in shares of Apple by 0.8% during the second quarter. Fairhaven Wealth Management LLC now owns 67,406 shares of the iPhone maker’s stock worth $9,232,000 after buying an additional 559 shares during the period. 56.49% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on AAPL. Fundamental Research boosted their price objective on Apple from $163.99 to $164.79 and gave the stock a “buy” rating in a research report on Tuesday, November 23rd. Wedbush upgraded Apple to an “outperform” rating and increased their price objective for the company from $185.00 to $200.00 in a research report on Thursday, December 2nd. Tigress Financial boosted their target price on shares of Apple from $182.00 to $198.00 and gave the company a “strong-buy” rating in a research note on Wednesday, September 22nd. Citigroup boosted their target price on shares of Apple from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, December 22nd. Finally, Robert W. Baird reissued a “buy” rating and set a $169.00 target price on shares of Apple in a research note on Friday, October 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $176.74.

NASDAQ:AAPL opened at $173.07 on Friday. Apple Inc. has a 12-month low of $116.21 and a 12-month high of $182.94. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $2.83 trillion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The firm has a 50-day moving average price of $167.84 and a 200 day moving average price of $154.11.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Wednesday, October 27th. The iPhone maker reported $1.24 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.24. Apple had a net margin of 25.88% and a return on equity of 144.13%. The firm had revenue of $83.40 billion during the quarter, compared to analyst estimates of $84.94 billion. During the same quarter in the prior year, the business posted $0.73 earnings per share. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. On average, research analysts expect that Apple Inc. will post 5.82 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 11th. Investors of record on Monday, November 8th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.51%. The ex-dividend date was Friday, November 5th. Apple’s dividend payout ratio (DPR) is presently 15.66%.

In other news, insider Chris Kondo sold 9,005 shares of the firm’s stock in a transaction that occurred on Friday, November 12th. The shares were sold at an average price of $150.00, for a total transaction of $1,350,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Deirdre O’brien sold 18,247 shares of the firm’s stock in a transaction that occurred on Monday, October 18th. The stock was sold at an average price of $146.35, for a total transaction of $2,670,448.45. The disclosure for this sale can be found here. Insiders sold 218,081 shares of company stock valued at $32,383,704 in the last three months. Company insiders own 0.06% of the company’s stock.

Apple Profile

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

Featured Story: How do CD ladders protect against rising interest rates?

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.