Courage Miller Partners LLC Reduces Stake in Apple Inc. (NASDAQ:AAPL)

Courage Miller Partners LLC lessened its position in shares of Apple Inc. (NASDAQ:AAPL) by 8.2% during the third quarter, according to its most recent filing with the Securities & 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 have also recently added to or reduced their stakes in the company. Worldquant Millennium Advisors LLC grew its stake in Apple by 2.2% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 1,486,454 shares of the iPhone maker’s stock worth $203,585,000 after buying an additional 32,063 shares during the last quarter. Ironwood Investment Counsel LLC grew its stake in Apple by 2.4% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 136,925 shares of the iPhone maker’s stock worth $19,374,000 after buying an additional 3,229 shares during the last quarter. Strategic Asset Management LLC purchased a new position in Apple during the 3rd quarter worth approximately $2,594,000. Dempze Nancy E grew its stake in Apple by 1.9% during the 2nd quarter. Dempze Nancy E now owns 44,836 shares of the iPhone maker’s stock worth $6,141,000 after buying an additional 830 shares during the last quarter. Finally, Kimelman & Baird LLC purchased a new position in Apple during the 2nd quarter worth approximately $58,198,000. Hedge funds and other institutional investors own 56.49% of the company’s stock.

A number of analysts have weighed in on AAPL shares. Evercore ISI raised Apple to a “top pick” rating and increased their price objective for the stock from $180.00 to $200.00 in a research report on Tuesday, December 14th. Piper Sandler increased their price objective on Apple from $175.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday. Barclays increased their price objective on Apple from $142.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Friday, October 29th. Oppenheimer increased their price objective on Apple from $165.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, October 29th. Finally, Loop Capital increased their price objective on Apple from $165.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $176.74.

Apple stock opened at $173.07 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.02 and a current ratio of 1.07. The stock has a fifty day moving average of $167.84 and a two-hundred day moving average of $154.11. The company has a market capitalization of $2.83 trillion, a price-to-earnings ratio of 30.80, a PEG ratio of 2.41 and a beta of 1.20. Apple Inc. has a fifty-two week low of $116.21 and a fifty-two week high of $182.94.

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

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

In other news, CFO Luca Maestri sold 165,829 shares of Apple stock in a transaction on Tuesday, October 19th. The stock was sold at an average price of $148.62, for a total value of $24,645,505.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Chris Kondo sold 9,005 shares of Apple stock in a transaction on Friday, November 12th. The shares were sold at an average price of $150.00, for a total value of $1,350,750.00. The disclosure for this sale can be found here. Insiders have sold 218,081 shares of company stock valued at $32,383,704 in the last three months. 0.06% of the stock is currently owned by company insiders.

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 Article: Commodities

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.