Apple Inc. (NASDAQ:AAPL) is Pallas Capital Advisors LLC's 5th Largest Position

Pallas Capital Advisors LLC increased its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 223,982 shares of the iPhone maker's stock after purchasing an additional 7,365 shares during the quarter. Apple accounts for approximately 2.1% of Pallas Capital Advisors LLC's investment portfolio, making the stock its 5th largest position. Pallas Capital Advisors LLC's holdings in Apple were worth $51,644,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AAPL. Bull Oak Capital LLC raised its holdings in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker's stock worth $36,000 after buying an additional 111 shares in the last quarter. Hershey Financial Advisers LLC bought a new position in Apple in the second quarter valued at about $42,000. Christopher J. Hasenberg Inc raised its stake in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock worth $69,000 after acquiring an additional 144 shares in the last quarter. Cordant Inc. lifted its holdings in shares of Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker's stock worth $158,000 after acquiring an additional 173 shares during the last quarter. Finally, Sage Financial Group Inc. acquired a new stake in shares of Apple in the 2nd quarter valued at approximately $206,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the company's stock in a transaction on Monday, December 16th. The stock was 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 owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, the insider now owns 15,419 shares in the company, valued at $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 508,170 shares of company stock valued at $117,004,745 over the last three months. Corporate insiders own 0.06% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on AAPL shares. Wedbush increased their price objective on shares of Apple from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Thursday. KeyCorp downgraded Apple from a "sector weight" rating to an "underweight" rating and set a $200.00 price objective on the stock. in a report on Friday, October 25th. Wells Fargo & Company upped their target price on Apple to $275.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Evercore ISI reissued a "buy" rating and set a $250.00 price target on shares of Apple in a research note on Thursday, September 26th. Finally, Rosenblatt Securities upped their price objective on Apple from $261.00 to $262.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $237.47.

Apple Stock Down 1.3 %

Shares of AAPL traded down $3.43 during trading hours on Friday, reaching $255.59. The stock had a trading volume of 42,297,621 shares, compared to its average volume of 57,290,680. The company has a market capitalization of $3.86 trillion, a price-to-earnings ratio of 42.04, a P/E/G ratio of 2.41 and a beta of 1.23. The firm has a 50-day simple moving average of $237.41 and a 200 day simple moving average of $227.89. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) 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 business had revenue of $94.93 billion for the quarter, compared to analysts' expectations of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.46 EPS. Equities research analysts predict that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.39%. Apple's payout ratio is presently 16.45%.

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.