Goldstein Advisors LLC Has $7.36 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Goldstein Advisors LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,601 shares of the iPhone maker’s stock after purchasing an additional 606 shares during the period. Apple accounts for 1.1% of Goldstein Advisors LLC’s portfolio, making the stock its 16th largest holding. Goldstein Advisors LLC’s holdings in Apple were worth $7,363,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Symmetry Inc boosted its holdings in shares of Apple by 0.5% in the 2nd quarter. Financial Symmetry Inc now owns 11,796 shares of the iPhone maker’s stock worth $2,484,000 after acquiring an additional 62 shares in the last quarter. CVA Family Office LLC lifted its stake in shares of Apple by 7.4% during the second quarter. CVA Family Office LLC now owns 51,628 shares of the iPhone maker’s stock valued at $10,874,000 after acquiring an additional 3,573 shares during the period. Hilltop National Bank grew its holdings in Apple by 1.0% during the 2nd quarter. Hilltop National Bank now owns 41,290 shares of the iPhone maker’s stock worth $8,696,000 after acquiring an additional 409 shares during the period. CWM LLC raised its position in shares of Apple by 2.4% in the 2nd quarter. CWM LLC now owns 2,000,264 shares of the iPhone maker’s stock valued at $421,296,000 after acquiring an additional 45,968 shares during the period. Finally, Fiduciary Alliance LLC lifted its holdings in Apple by 8.2% during the second quarter. Fiduciary Alliance LLC now owns 160,336 shares of the iPhone maker’s stock worth $35,317,000 after acquiring an additional 12,086 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Wedbush boosted their target price on Apple from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Thursday. JPMorgan Chase & Co. reissued an “overweight” rating and set a $265.00 target price on shares of Apple in a report on Tuesday, September 10th. Moffett Nathanson lowered their target price on Apple from $211.00 to $202.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 19th. UBS Group restated a “neutral” rating and set a $236.00 target price on shares of Apple in a research report on Monday, December 2nd. Finally, Bank of America lifted their price objective on shares of Apple to $256.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average target price of $237.47.

Apple Stock Performance

Shares of AAPL opened at $259.02 on Friday. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The stock has a 50-day moving average of $237.00 and a two-hundred day moving average of $227.21. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The stock has a market cap of $3.92 trillion, a P/E ratio of 42.60, a P/E/G ratio of 2.41 and a beta of 1.23.

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

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders 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 0.39%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Insiders Place Their Bets

In related news, CEO Timothy D. Cook sold 223,986 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This represents a 6.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction on 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 transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 508,170 shares of company stock valued at $117,004,745 over the last ninety days. Company insiders own 0.06% of the company’s stock.

Apple 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.