Cliftonlarsonallen Wealth Advisors LLC Has $43.05 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Cliftonlarsonallen Wealth Advisors LLC grew its position in Apple Inc. (NASDAQ:AAPL) by 0.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 171,916 shares of the iPhone maker’s stock after buying an additional 1,589 shares during the period. Apple accounts for approximately 0.8% of Cliftonlarsonallen Wealth Advisors LLC’s investment portfolio, making the stock its 28th largest holding. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Apple were worth $43,051,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. High Net Worth Advisory Group LLC grew its holdings in Apple by 1.7% during the 3rd quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock worth $14,916,000 after acquiring an additional 1,066 shares during the period. Amara Financial LLC. acquired a new position in shares of Apple in the 3rd quarter valued at $288,000. Granite Investment Partners LLC boosted its position in shares of Apple by 2.7% in the 2nd quarter. Granite Investment Partners LLC now owns 289,421 shares of the iPhone maker’s stock worth $60,958,000 after purchasing an additional 7,606 shares during the last quarter. Truist Financial Corp grew its stake in shares of Apple by 1.8% during 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. Finally, Sterling Investment Counsel LLC increased its holdings in Apple by 3.8% in the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after purchasing an additional 2,565 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Trading Down 2.7 %

Shares of NASDAQ:AAPL opened at $240.36 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $260.10. The company has a 50-day simple moving average of $240.10 and a 200 day simple moving average of $233.39. The company has a market capitalization of $3.61 trillion, a P/E ratio of 38.15, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (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%. Sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

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

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of recent analyst reports. UBS Group raised their target price on Apple to $236.00 and gave the stock a “hold” rating in a report on Tuesday. Rosenblatt Securities reiterated a “buy” rating and issued a $262.00 price target on shares of Apple in a research report on Monday, January 27th. Wells Fargo & Company boosted their price objective on shares of Apple to $275.00 and gave the company a “buy” rating in a report on Monday, December 9th. Maxim Group increased their target price on shares of Apple to $215.00 and gave the stock a “hold” rating in a report on Friday, February 21st. Finally, Moffett Nathanson reissued a “sell” rating and set a $188.00 price target (down from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $243.88.

Insider Buying and Selling at Apple

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