Apple Inc. (NASDAQ:AAPL) Shares Sold by Cyr Financial Inc.

Cyr Financial Inc. lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,850 shares of the iPhone maker’s stock after selling 178 shares during the period. Apple accounts for approximately 0.9% of Cyr Financial Inc.’s investment portfolio, making the stock its 18th biggest position. Cyr Financial Inc.’s holdings in Apple were worth $964,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AAPL. AMF Tjanstepension AB boosted its stake in Apple by 21.1% during the third quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock worth $787,631,000 after buying an additional 588,427 shares during the last quarter. First PREMIER Bank raised its holdings in shares of Apple by 1.7% during the 3rd quarter. First PREMIER Bank now owns 93,467 shares of the iPhone maker’s stock worth $21,778,000 after acquiring an additional 1,551 shares during the period. Barlow Wealth Partners Inc. boosted its position in shares of Apple by 0.4% during the 3rd quarter. Barlow Wealth Partners Inc. now owns 118,888 shares of the iPhone maker’s stock valued at $26,356,000 after acquiring an additional 524 shares during the last quarter. Great Oak Capital Partners LLC boosted its position in shares of Apple by 1.4% during the 3rd quarter. Great Oak Capital Partners LLC now owns 4,978 shares of the iPhone maker’s stock valued at $1,129,000 after acquiring an additional 70 shares during the last quarter. Finally, Tilia Fiduciary Partners Inc. grew its holdings in shares of Apple by 5.3% in the third quarter. Tilia Fiduciary Partners Inc. now owns 32,816 shares of the iPhone maker’s stock valued at $7,646,000 after purchasing an additional 1,656 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Apple in a research note on Wednesday, February 19th. Argus raised shares of Apple to a “strong-buy” rating in a research report on Friday, January 31st. DA Davidson set a $290.00 price objective on Apple in a research report on Friday, January 31st. JPMorgan Chase & Co. lifted their target price on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a research note on Wednesday, February 19th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $243.65.

Apple Trading Down 1.0 %

NASDAQ AAPL opened at $221.53 on Thursday. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10. The firm has a 50 day moving average of $231.03 and a two-hundred day moving average of $233.35. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $3.33 trillion, a PE ratio of 35.16, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS 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, research analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Apple’s payout ratio is currently 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.