Golden Road Advisors LLC Buys 1,825 Shares of Apple Inc. (NASDAQ:AAPL)

Golden Road Advisors LLC boosted its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 22.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,994 shares of the iPhone maker's stock after purchasing an additional 1,825 shares during the period. Apple makes up about 1.7% of Golden Road Advisors LLC's investment portfolio, making the stock its 8th biggest holding. Golden Road Advisors LLC's holdings in Apple were worth $2,220,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Conquis Financial LLC acquired a new stake in shares of Apple during the fourth quarter valued at about $63,000. LSV Asset Management acquired a new stake in shares of Apple during the fourth quarter valued at about $65,000. Pillar Financial Advisors LLC acquired a new stake in shares of Apple during the fourth quarter valued at about $82,000. Compass Planning Associates Inc acquired a new stake in shares of Apple during the fourth quarter valued at about $96,000. Finally, Collier Financial acquired a new stake in shares of Apple during the fourth quarter valued at about $140,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In other news, insider Chris Kondo sold 4,486 shares of Apple stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $208.19, for a total transaction of $933,940.34. Following the sale, the insider owned 15,533 shares of the company's stock, valued at approximately $3,233,815.27. The trade was a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.06% of the company's stock.

Apple Stock Performance

Shares of AAPL traded up $0.17 during mid-day trading on Monday, reaching $214.05. 37,786,671 shares of the company's stock traded hands, compared to its average volume of 47,818,408. The business's 50-day moving average price is $204.87 and its 200-day moving average price is $214.22. The stock has a market capitalization of $3.20 trillion, a P/E ratio of 33.34, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.82. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.03. The company had revenue of $95.36 billion for the quarter, compared to analysts' expectations of $94.04 billion. Apple had a return on equity of 167.24% and a net margin of 24.30%. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.53 earnings per share. Equities analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple declared that its board has approved a share buyback plan on Thursday, May 1st that authorizes the company to buyback $100.00 billion in outstanding shares. This buyback authorization authorizes the iPhone maker to buy up to 3.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 12th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Monday, May 12th. This is a boost from Apple's previous quarterly dividend of $0.25. Apple's payout ratio is 16.20%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. China Renaissance assumed coverage on Apple in a research note on Tuesday, April 22nd. They set a "buy" rating and a $241.00 target price for the company. Raymond James Financial decreased their price target on Apple from $250.00 to $230.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Barclays set a $173.00 price target on Apple and gave the stock an "underweight" rating in a research note on Tuesday, June 24th. Citigroup reiterated a "buy" rating on shares of Apple in a research note on Tuesday, June 10th. Finally, UBS Group reiterated a "hold" rating on shares of Apple in a research note on Friday, July 18th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $234.94.

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.