CFM Wealth Partners LLC Decreases Stock Holdings in Apple Inc. (NASDAQ:AAPL)

CFM Wealth Partners LLC lowered its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 320,674 shares of the iPhone maker’s stock after selling 2,287 shares during the period. Apple makes up 13.0% of CFM Wealth Partners LLC’s holdings, making the stock its biggest holding. CFM Wealth Partners LLC’s holdings in Apple were worth $58,365,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of AAPL. Geode Capital Management LLC boosted its stake in Apple by 2.3% in the third quarter. Geode Capital Management LLC now owns 259,894,947 shares of the iPhone maker’s stock valued at $36,670,642,000 after buying an additional 5,732,451 shares in the last quarter. Morgan Stanley boosted its stake in Apple by 1.9% in the third quarter. Morgan Stanley now owns 128,279,150 shares of the iPhone maker’s stock valued at $18,151,501,000 after buying an additional 2,419,441 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Apple by 1.1% in the third quarter. UBS Asset Management Americas Inc. now owns 69,224,701 shares of the iPhone maker’s stock valued at $9,795,295,000 after buying an additional 759,577 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Apple by 0.5% in the third quarter. Alliancebernstein L.P. now owns 38,254,461 shares of the iPhone maker’s stock valued at $5,413,006,000 after buying an additional 197,442 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Apple by 1.1% in the third quarter. American Century Companies Inc. now owns 37,075,583 shares of the iPhone maker’s stock valued at $5,246,196,000 after buying an additional 414,835 shares in the last quarter. Institutional investors own 56.86% of the company’s stock.

AAPL has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on Apple from $165.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, January 21st. KeyCorp assumed coverage on Apple in a research note on Monday, December 6th. They issued an “overweight” rating and a $191.00 price objective on the stock. Robert W. Baird lifted their price target on Apple from $185.00 to $190.00 in a research note on Friday, January 28th. Raymond James lifted their price target on Apple from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, January 28th. Finally, Tigress Financial lifted their price target on Apple from $198.00 to $210.00 and gave the company a “strong-buy” rating in a research note on Tuesday, February 15th. Six equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $189.51.

Shares of AAPL stock opened at $168.82 on Wednesday. The company has a market cap of $2.76 trillion, a P/E ratio of 27.95, a PEG ratio of 2.13 and a beta of 1.19. Apple Inc. has a fifty-two week low of $118.86 and a fifty-two week high of $182.94. The stock has a 50 day simple moving average of $166.02 and a two-hundred day simple moving average of $160.60. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.00 and a current ratio of 1.04.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings data on Thursday, January 27th. The iPhone maker reported $2.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.89 by $0.21. The firm had revenue of $123.95 billion during the quarter, compared to the consensus estimate of $118.53 billion. Apple had a return on equity of 149.81% and a net margin of 26.58%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.68 earnings per share. On average, research analysts predict that Apple Inc. will post 6.16 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 10th. Stockholders of record on Monday, February 7th were issued a dividend of $0.22 per share. The ex-dividend date was Friday, February 4th. This represents a $0.88 annualized dividend and a dividend yield of 0.52%. Apple’s dividend payout ratio is 14.57%.

In related news, SVP Katherine L. Adams sold 25,000 shares of Apple stock in a transaction that occurred on Thursday, February 3rd. The stock was sold at an average price of $174.78, for a total transaction of $4,369,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Arthur D. Levinson sold 1,986 shares of Apple stock in a transaction that occurred on Tuesday, February 1st. The shares were sold at an average price of $173.29, for a total value of $344,153.94. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Apple Profile (Get Rating)

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

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