Resolute Advisors LLC Has $455,000 Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Resolute Advisors LLC increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 25.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,951 shares of the iPhone maker’s stock after acquiring an additional 396 shares during the period. Resolute Advisors LLC’s holdings in Apple were worth $455,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AAPL. Lindbrook Capital LLC increased its stake in Apple by 1.4% in the third quarter. Lindbrook Capital LLC now owns 264,322 shares of the iPhone maker’s stock valued at $61,587,000 after purchasing an additional 3,604 shares in the last quarter. Cowa LLC grew its stake in shares of Apple by 2.6% in the 3rd quarter. Cowa LLC now owns 37,259 shares of the iPhone maker’s stock valued at $8,681,000 after buying an additional 961 shares during the period. Rather & Kittrell Inc. grew its stake in shares of Apple by 0.5% in the 3rd quarter. Rather & Kittrell Inc. now owns 14,151 shares of the iPhone maker’s stock valued at $3,297,000 after buying an additional 74 shares during the period. 5th Street Advisors LLC increased its position in Apple by 32.9% in the 3rd quarter. 5th Street Advisors LLC now owns 15,100 shares of the iPhone maker’s stock valued at $3,518,000 after buying an additional 3,736 shares in the last quarter. Finally, Klingman & Associates LLC raised its stake in Apple by 3.9% during the 3rd quarter. Klingman & Associates LLC now owns 248,989 shares of the iPhone maker’s stock worth $58,014,000 after buying an additional 9,393 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Apple Trading Up 2.0 %

Shares of AAPL stock opened at $237.87 on Thursday. The firm has a market cap of $3.58 trillion, a P/E ratio of 39.12, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The business has a 50-day moving average price of $240.63 and a two-hundred day moving average price of $230.52. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. During the same period in the previous year, the business posted $1.46 EPS. The business’s quarterly revenue was up 6.1% on a year-over-year basis. Equities analysts anticipate that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Insider Buying and Selling

In other news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction 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. This represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on AAPL. Rosenblatt Securities raised their price objective on Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and issued a $260.00 price target on shares of Apple in a research report on Tuesday, December 10th. Barclays upped their price objective on shares of Apple to $184.00 and gave the stock a “sell” rating in a report on Friday, January 10th. Wedbush lifted their price objective on shares of Apple from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Thursday, December 26th. Finally, Wells Fargo & Company boosted their target price on shares of Apple to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $239.85.

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.