Pallas Capital Advisors LLC Has $36.67 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Pallas Capital Advisors LLC lessened its position in Apple Inc. (NASDAQ:AAPL) by 0.7% in the 4th quarter, Holdings Channel reports. The firm owned 190,480 shares of the iPhone maker’s stock after selling 1,413 shares during the period. Apple accounts for approximately 2.0% of Pallas Capital Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. Pallas Capital Advisors LLC’s holdings in Apple were worth $36,673,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Atlantic Private Wealth LLC bought a new stake in Apple in the first quarter valued at approximately $30,000. Wyrmwood Management LLC increased its stake in Apple by 69.0% in the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock valued at $33,000 after purchasing an additional 69 shares in the last quarter. Gilfoyle & Co LLC increased its stake in Apple by 118.0% in the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after purchasing an additional 118 shares in the last quarter. Summit Wealth Group LLC increased its stake in Apple by 16,252.3% in the first quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock valued at $42,000 after purchasing an additional 6,949,659 shares in the last quarter. Finally, HBC Financial Services PLLC increased its stake in Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Apple Trading Down 1.2 %

AAPL opened at $165.00 on Friday. The company’s 50 day moving average is $174.67 and its 200-day moving average is $182.04. Apple Inc. has a 1-year low of $162.80 and a 1-year high of $199.62. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. The company has a market cap of $2.55 trillion, a P/E ratio of 25.70, a PEG ratio of 2.03 and a beta of 1.27.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. During the same period last year, the company posted $1.88 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts predict that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.58%. Apple’s payout ratio is currently 14.95%.

Insider Buying and Selling

In related news, CFO Luca Maestri sold 53,194 shares of Apple stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the sale, the chief financial officer now directly owns 107,788 shares in the company, valued at approximately $18,768,046.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Luca Maestri sold 53,194 shares of Apple stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the sale, the chief financial officer now directly owns 107,788 shares in the company, valued at approximately $18,768,046.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Deirdre O’brien sold 54,732 shares of Apple stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the sale, the senior vice president now owns 136,572 shares in the company, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders have sold a total of 366,271 shares of company stock worth $63,653,887 in the last ninety days. Company insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on AAPL. Citigroup reiterated a “buy” rating and issued a $225.00 price target on shares of Apple in a research note on Friday, February 16th. The Goldman Sachs Group increased their price target on shares of Apple from $223.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Bank of America raised shares of Apple from a “neutral” rating to a “buy” rating and increased their price objective for the company from $208.00 to $225.00 in a research report on Thursday, January 18th. DZ Bank reissued a “hold” rating and issued a $180.00 price objective on shares of Apple in a research report on Thursday, March 28th. Finally, DA Davidson assumed coverage on shares of Apple in a research report on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $203.34.

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.