Raub Brock Capital Management LP Has $962,000 Stake in Apple Inc. (NASDAQ:AAPL)

Raub Brock Capital Management LP lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 16.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,998 shares of the iPhone maker’s stock after selling 961 shares during the quarter. Raub Brock Capital Management LP’s holdings in Apple were worth $962,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Kingdom Financial Group LLC. raised its position in Apple by 5.5% in the 3rd quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock worth $1,963,000 after purchasing an additional 598 shares during the last quarter. RFG Advisory LLC raised its position in Apple by 13.6% in the 3rd quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock worth $29,589,000 after purchasing an additional 20,737 shares during the last quarter. Headinvest LLC raised its position in Apple by 1.7% in the 3rd quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock worth $9,236,000 after purchasing an additional 872 shares during the last quarter. Sound Income Strategies LLC raised its position in Apple by 16.1% in the 4th quarter. Sound Income Strategies LLC now owns 75,110 shares of the iPhone maker’s stock worth $14,461,000 after purchasing an additional 10,425 shares during the last quarter. Finally, DNB Asset Management AS raised its position in Apple by 6.9% in the 4th quarter. DNB Asset Management AS now owns 4,307,068 shares of the iPhone maker’s stock worth $829,240,000 after purchasing an additional 279,311 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Insider Activity

In related news, COO Jeffrey E. Williams sold 59,162 shares of Apple stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the completion of the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $84,378,155.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, COO Jeffrey E. Williams sold 59,162 shares of Apple stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the completion of the transaction, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $84,378,155.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 366,271 shares of company stock valued at $63,653,887. Insiders own 0.06% of the company’s stock.

Apple Stock Down 0.6 %

Shares of AAPL opened at $169.30 on Thursday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $199.62. The firm’s 50 day moving average is $172.38 and its 200-day moving average is $181.63. The stock has a market capitalization of $2.61 trillion, a PE ratio of 26.37, a P/E/G ratio of 2.09 and a beta of 1.27. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping the consensus estimate of $2.09 by $0.09. The company had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.88 earnings per share. Equities research analysts forecast that Apple Inc. will post 6.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AAPL shares. Redburn Atlantic cut shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 price objective for the company. in a research report on Wednesday, January 10th. Needham & Company LLC reiterated a “buy” rating and set a $220.00 target price on shares of Apple in a research report on Tuesday, April 16th. Sanford C. Bernstein upgraded shares of Apple from a “market perform” rating to an “outperform” rating and set a $195.00 target price for the company in a research report on Monday. DA Davidson initiated coverage on shares of Apple in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 target price for the company. Finally, Piper Sandler Companies cut shares of Apple to a “neutral” rating and dropped their target price for the company from $220.00 to $205.00 in a research report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.62.

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.