Boulder Wealth Advisors LLC Has $1.63 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Boulder Wealth Advisors LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,504 shares of the iPhone maker’s stock after selling 181 shares during the quarter. Apple comprises 0.8% of Boulder Wealth Advisors LLC’s holdings, making the stock its 13th biggest position. Boulder Wealth Advisors LLC’s holdings in Apple were worth $1,629,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AAPL. High Net Worth Advisory Group LLC increased its position in shares of Apple by 1.7% in the third quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after purchasing an additional 1,066 shares during the period. Amara Financial LLC. bought a new position in shares of Apple in the third quarter worth $288,000. Truist Financial Corp increased its position in shares of Apple by 1.8% in the second quarter. Truist Financial Corp now owns 6,994,703 shares of the iPhone maker’s stock worth $1,473,224,000 after purchasing an additional 126,210 shares during the period. Sterling Investment Counsel LLC increased its position in shares of Apple by 3.8% in the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock worth $16,269,000 after purchasing an additional 2,565 shares during the period. Finally, Silicon Valley Capital Partners increased its position in shares of Apple by 12.8% in the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock worth $59,122,000 after purchasing an additional 28,799 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Rosenblatt Securities restated a “buy” rating and issued a $262.00 price target on shares of Apple in a research report on Monday, January 27th. The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a research report on Wednesday, February 19th. Raymond James lifted their target price on Apple to $250.00 and gave the company a “buy” rating in a research report on Monday, January 20th. TD Cowen reiterated a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Finally, Barclays lifted their target price on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus target price of $243.88.

Apple Price Performance

Shares of AAPL opened at $239.07 on Friday. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The business’s 50 day moving average price is $237.56 and its two-hundred day moving average price is $234.08. The firm has a market cap of $3.59 trillion, a PE ratio of 37.95, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results 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 return on equity of 160.83% and a net margin of 24.30%. On average, equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.42%. Apple’s dividend payout ratio is 15.87%.

Insider Activity

In related news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the sale, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.06% of the company’s stock.

About Apple

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.