Cresta Advisors Ltd. Has $9.58 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Cresta Advisors Ltd. trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,129 shares of the iPhone maker’s stock after selling 1,454 shares during the period. Apple accounts for approximately 5.0% of Cresta Advisors Ltd.’s holdings, making the stock its 8th biggest position. Cresta Advisors Ltd.’s holdings in Apple were worth $9,583,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Unconventional Investor LLC boosted its stake in Apple by 6.7% during the 3rd quarter. Unconventional Investor LLC now owns 4,373 shares of the iPhone maker’s stock valued at $1,019,000 after purchasing an additional 275 shares during the period. Coldstream Capital Management Inc. lifted its stake in shares of Apple by 11.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 480,563 shares of the iPhone maker’s stock worth $111,639,000 after acquiring an additional 50,315 shares during the period. GG Group Ventures LLC lifted its stake in shares of Apple by 7.9% in the 3rd quarter. GG Group Ventures LLC now owns 5,786 shares of the iPhone maker’s stock worth $1,320,000 after acquiring an additional 422 shares during the period. Menlo Advisors LLC lifted its stake in shares of Apple by 0.3% in the 3rd quarter. Menlo Advisors LLC now owns 54,576 shares of the iPhone maker’s stock worth $12,716,000 after acquiring an additional 165 shares during the period. Finally, JDM Financial Group LLC lifted its stake in shares of Apple by 1.8% in the 3rd quarter. JDM Financial Group LLC now owns 20,903 shares of the iPhone maker’s stock worth $4,870,000 after acquiring an additional 365 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Performance

AAPL stock opened at $241.53 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $3.63 trillion, a price-to-earnings ratio of 38.34, a P/E/G ratio of 2.32 and a beta of 1.20. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10. The firm has a 50 day moving average of $240.70 and a two-hundred day moving average of $231.34.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, equities analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.41%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is 15.87%.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of research analyst reports. Sanford C. Bernstein upped their price target on shares of Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Argus raised shares of Apple to a “strong-buy” rating in a research note on Friday, January 31st. TD Cowen reiterated a “buy” rating on shares of Apple in a report on Tuesday, January 28th. StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $242.52.

Insiders Place Their Bets

In related news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction on Monday, December 16th. The shares were 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 directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the company’s 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 sale, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.