Resonant Capital Advisors LLC Lowers Holdings in Apple Inc. (NASDAQ:AAPL)

Resonant Capital Advisors LLC trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,967 shares of the iPhone maker’s stock after selling 1,266 shares during the period. Apple comprises 1.5% of Resonant Capital Advisors LLC’s holdings, making the stock its 15th largest position. Resonant Capital Advisors LLC’s holdings in Apple were worth $20,025,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of AAPL. International Assets Investment Management LLC raised its position in shares of Apple by 20,372.7% in the third quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after acquiring an additional 93,886,664 shares during the period. State Street Corp increased its stake in shares of Apple by 10.6% in the 3rd quarter. State Street Corp now owns 584,010,284 shares of the iPhone maker’s stock valued at $136,074,372,000 after purchasing an additional 55,935,105 shares in the last quarter. Geode Capital Management LLC raised its holdings in Apple by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 333,857,500 shares of the iPhone maker’s stock worth $77,542,863,000 after purchasing an additional 20,483,787 shares during the period. FMR LLC boosted its position in Apple by 5.3% during the third quarter. FMR LLC now owns 363,859,362 shares of the iPhone maker’s stock worth $84,779,231,000 after purchasing an additional 18,224,005 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Apple by 6.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 94,942,731 shares of the iPhone maker’s stock valued at $22,121,656,000 after purchasing an additional 5,893,741 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Trading Up 0.5 %

NASDAQ AAPL opened at $223.19 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The stock has a market capitalization of $3.35 trillion, a P/E ratio of 35.43, a PEG ratio of 2.44 and a beta of 1.18. The firm’s 50-day moving average is $230.55 and its two-hundred day moving average is $233.43. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data 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%. On average, sell-side analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. Apple’s dividend payout ratio is currently 15.87%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Redburn Partners set a $230.00 price objective on shares of Apple in a report on Friday, January 31st. Jefferies Financial Group reiterated an “underperform” rating on shares of Apple in a research report on Wednesday, February 19th. The Goldman Sachs Group restated a “buy” rating on shares of Apple in a research report on Wednesday, February 19th. Finally, Monness Crespi & Hardt lifted their price objective on Apple to $245.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $245.52.

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.