Courage Miller Partners LLC Has $1.13 Million Stake in Apple Inc. (NASDAQ:AAPL)

Courage Miller Partners LLC lifted its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 4.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,179 shares of the iPhone maker’s stock after purchasing an additional 345 shares during the period. Apple accounts for 0.6% of Courage Miller Partners LLC’s portfolio, making the stock its 27th largest position. Courage Miller Partners LLC’s holdings in Apple were worth $1,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Bluestem Financial Advisors LLC grew its stake in shares of Apple by 5,935.2% during the second quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock worth $35,000 after purchasing an additional 229,929 shares during the period. CFS Investment Advisory Services LLC grew its position in shares of Apple by 18,263.5% during the 1st quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock worth $47,000 after buying an additional 7,416,445 shares during the period. Spence Asset Management acquired a new stake in shares of Apple in the 2nd quarter valued at approximately $49,000. HBC Financial Services PLLC boosted its stake in Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after acquiring an additional 80 shares during the last quarter. Finally, Ramsey Quantitative Systems acquired a new position in Apple during the second quarter valued at approximately $55,000. Institutional investors own 57.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on AAPL. Barclays decreased their price target on shares of Apple from $156.00 to $144.00 and set an “equal weight” rating for the company in a report on Monday, November 7th. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research report on Saturday, November 5th. Fundamental Research increased their target price on Apple to $168.50 and gave the stock a “buy” rating in a research note on Tuesday, November 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $170.00 price target on shares of Apple in a research note on Tuesday, November 8th. Finally, Citigroup reissued a “buy” rating and set a $175.00 price objective on shares of Apple in a research report on Tuesday, November 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $173.57.

Insider Buying and Selling

In other Apple news, CFO Luca Maestri sold 176,299 shares of the stock in a transaction on Friday, October 28th. The stock was sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the transaction, the chief financial officer now owns 110,673 shares in the company, valued at approximately $17,259,454.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $17,259,454.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris Kondo sold 20,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total value of $3,004,144.00. Following the completion of the sale, the insider now owns 31,505 shares of the company’s stock, valued at $4,685,423.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 204,552 shares of company stock valued at $31,645,123. Insiders own 0.06% of the company’s stock.

Apple Stock Up 3.7 %

AAPL opened at $129.62 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.95. The stock’s fifty day simple moving average is $140.61 and its 200 day simple moving average is $148.57. Apple Inc. has a 1-year low of $124.17 and a 1-year high of $179.61. The stock has a market cap of $2.06 trillion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.68 and a beta of 1.24.

Apple (NASDAQ:AAPLGet Rating) last posted its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. Apple had a net margin of 25.31% and a return on equity of 160.90%. The company had revenue of $90.15 billion during the quarter, compared to analysts’ expectations of $88.77 billion. During the same quarter last year, the company posted $1.24 EPS. Apple’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, research analysts expect that Apple Inc. will post 6.19 earnings per share for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.71%. Apple’s dividend payout ratio (DPR) is currently 15.06%.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, 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.

Further Reading

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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