Apple Inc. (NASDAQ:AAPL) Shares Bought by Resource Consulting Group Inc.

Resource Consulting Group Inc. raised its position in Apple Inc. (NASDAQ:AAPL) by 19.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,248 shares of the iPhone maker’s stock after acquiring an additional 2,305 shares during the period. Apple makes up 0.5% of Resource Consulting Group Inc.’s investment portfolio, making the stock its 14th largest holding. Resource Consulting Group Inc.’s holdings in Apple were worth $2,743,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AAPL. Conservest Capital Advisors Inc. lifted its position in Apple by 0.3% during the third quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock valued at $2,877,000 after buying an additional 55 shares in the last quarter. Kraft Davis & Associates LLC lifted its position in Apple by 0.9% during the third quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock valued at $1,155,000 after buying an additional 59 shares in the last quarter. MKT Advisors LLC lifted its position in Apple by 0.5% during the second quarter. MKT Advisors LLC now owns 12,269 shares of the iPhone maker’s stock valued at $1,777,000 after buying an additional 60 shares in the last quarter. Cassia Capital Partners LLC lifted its position in Apple by 1.2% during the third quarter. Cassia Capital Partners LLC now owns 5,209 shares of the iPhone maker’s stock valued at $892,000 after buying an additional 60 shares in the last quarter. Finally, Family CFO Inc lifted its position in Apple by 6.7% during the third quarter. Family CFO Inc now owns 950 shares of the iPhone maker’s stock valued at $163,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Insider Buying and Selling

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now directly owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of AAPL opened at $171.48 on Friday. The company has a market cap of $2.65 trillion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 2.05 and a beta of 1.29. The firm has a fifty day moving average of $181.50 and a 200-day moving average of $182.66. Apple Inc. has a 1 year low of $159.35 and a 1 year high of $199.62. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.09. The business had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.88 earnings per share. As a group, equities analysts anticipate that Apple Inc. will post 6.55 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Monday, February 12th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s payout ratio is currently 14.95%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AAPL shares. Citigroup reissued a “buy” rating and set a $225.00 target price on shares of Apple in a research report on Friday, February 16th. DA Davidson started coverage on shares of Apple in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 target price on the stock. Wedbush reissued an “outperform” rating and set a $250.00 target price on shares of Apple in a research report on Thursday, March 21st. Piper Sandler Companies cut shares of Apple to a “neutral” rating and reduced their target price for the stock from $220.00 to $205.00 in a research report on Thursday, January 4th. Finally, UBS Group reissued a “hold” rating and set a $190.00 target price on shares of Apple in a research report on Monday. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $204.53.

Apple Company 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.