Fiducient Advisors LLC Sells 11,198 Shares of Apple Inc. (NASDAQ:AAPL)

Fiducient Advisors LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL – Get Rating) by 41.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,577 shares of the iPhone maker’s stock after selling 11,198 shares during the quarter. Apple makes up about 1.0% of Fiducient Advisors LLC’s investment portfolio, making the stock its 13th largest position. Fiducient Advisors LLC’s holdings in Apple were worth $2,153,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of AAPL. Bluestem Financial Advisors LLC raised its position 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 acquiring an additional 229,929 shares during the last quarter. HBC Financial Services PLLC grew its stake in shares of Apple by 21.7% during the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares during the period. Ramsey Quantitative Systems acquired a new stake in shares of Apple during the second quarter worth $55,000. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Apple during the third quarter worth $55,000. Finally, CFS Investment Advisory Services LLC grew its stake in shares of Apple by 14,693.8% during the third quarter. CFS Investment Advisory Services LLC now owns 6,024,330 shares of the iPhone maker’s stock worth $65,000 after purchasing an additional 5,983,608 shares during the period. Institutional investors own 57.60% of the company’s stock.

Apple Price Performance

NASDAQ:AAPL opened at $145.31 on Thursday. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 1.76. The stock’s 50 day moving average price is $141.16 and its two-hundred day moving average price is $146.72. The firm has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 24.67, a P/E/G ratio of 1.96 and a beta of 1.28. Apple Inc. has a 12-month low of $124.17 and a 12-month high of $179.61.

Apple (NASDAQ:AAPL – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.05). The business had revenue of $117.15 billion during the quarter, compared to the consensus estimate of $121.67 billion. Apple had a net margin of 24.56% and a return on equity of 163.45%. Apple’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.10 EPS. On average, analysts anticipate that Apple Inc. will post 6.05 earnings per share for the current year.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 16th. Shareholders of record on Monday, February 13th were paid a $0.23 dividend. This is a positive change from Apple’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 10th. This represents a $0.92 annualized dividend and a yield of 0.63%. Apple’s dividend payout ratio is currently 15.62%.

Analysts Set New Price Targets

AAPL has been the subject of a number of analyst reports. Citigroup reaffirmed a “buy” rating and set a $175.00 price objective on shares of Apple in a research note on Tuesday, November 8th. Wedbush lifted their price objective on Apple from $175.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. BNP Paribas cut Apple from an “outperform” rating to a “neutral” rating and set a $140.00 target price for the company. in a research note on Tuesday, January 3rd. Rosenblatt Securities boosted their target price on Apple from $165.00 to $173.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Finally, Morgan Stanley decreased their target price on Apple from $177.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, November 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus price target of $165.15.

Apple Company Profile

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Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties 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.