Colorado Capital Management Inc. Has $8.69 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Colorado Capital Management Inc. reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 34,712 shares of the iPhone maker’s stock after selling 871 shares during the quarter. Apple accounts for 4.2% of Colorado Capital Management Inc.’s holdings, making the stock its 4th biggest position. Colorado Capital Management Inc.’s holdings in Apple were worth $8,693,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Bull Oak Capital LLC grew its holdings in Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares during the period. Hershey Financial Advisers LLC acquired a new stake in Apple during the 2nd quarter worth about $42,000. Christopher J. Hasenberg Inc grew its stake in shares of Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after buying an additional 144 shares during the period. SPX Gestao de Recursos Ltda acquired a new stake in shares of Apple in the 3rd quarter valued at about $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple in the 3rd quarter valued at about $77,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. UBS Group raised their target price on Apple to $236.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. DA Davidson set a $290.00 target price on Apple in a research note on Friday, January 31st. Wells Fargo & Company raised their target price on Apple to $275.00 and gave the company a “buy” rating in a research note on Monday, December 9th. KeyCorp restated an “underweight” rating and issued a $200.00 target price on shares of Apple in a research note on Friday, January 31st. Finally, Sanford C. Bernstein raised their target price on Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $243.88.

Insider Activity

In related news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $239.07 on Friday. The company has a market cap of $3.59 trillion, a price-to-earnings ratio of 37.95, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a 50-day moving average price of $237.56 and a 200-day moving average price of $234.08. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently declared 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is 15.87%.

Apple Profile

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.