Resources Management Corp CT ADV Has $52.11 Million Stake in Apple Inc. $AAPL

Resources Management Corp CT ADV grew its holdings in Apple Inc. (NASDAQ:AAPL) by 568.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 191,696 shares of the iPhone maker’s stock after purchasing an additional 163,014 shares during the period. Apple makes up about 6.8% of Resources Management Corp CT ADV’s portfolio, making the stock its biggest position. Resources Management Corp CT ADV’s holdings in Apple were worth $52,114,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. RFP Financial Group LLC increased its stake in shares of Apple by 82.3% in the 4th quarter. RFP Financial Group LLC now owns 130,512 shares of the iPhone maker’s stock valued at $35,481,000 after purchasing an additional 58,913 shares during the last quarter. South Plains Financial Inc. increased its stake in shares of Apple by 3.8% in the 4th quarter. South Plains Financial Inc. now owns 27,711 shares of the iPhone maker’s stock valued at $7,533,000 after purchasing an additional 1,008 shares during the last quarter. MLP3 LLC bought a new position in shares of Apple in the 4th quarter valued at $2,587,000. MML Investors Services LLC increased its stake in shares of Apple by 5.9% in the 4th quarter. MML Investors Services LLC now owns 2,778,119 shares of the iPhone maker’s stock valued at $755,260,000 after purchasing an additional 154,601 shares during the last quarter. Finally, Mariner LLC increased its stake in shares of Apple by 5.2% in the 4th quarter. Mariner LLC now owns 17,268,228 shares of the iPhone maker’s stock valued at $4,694,783,000 after purchasing an additional 853,890 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the topic of a number of research reports. DA Davidson restated a “neutral” rating and set a $270.00 price objective on shares of Apple in a research report on Friday, May 1st. Citigroup restated a “buy” rating on shares of Apple in a research report on Monday, June 1st. Moffett Nathanson boosted their price objective on Apple from $241.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. UBS Group restated a “buy” rating on shares of Apple in a research report on Tuesday, June 9th. Finally, Needham & Company LLC restated a “hold” rating on shares of Apple in a research report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $314.59.

Trending Headlines about Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Wedbush said Apple’s WWDC AI rollout could be the “first step” toward adding as much as $100 to the stock, as investors focus on the company’s AI execution and the potential for a stronger Siri/Apple Intelligence roadmap. Article Title
• Positive Sentiment: Multiple reports on iOS 27 and Apple Intelligence suggest Apple is making progress on features that could improve older iPhones, expand software value, and strengthen the case for users to upgrade into the next product cycle. Article Title
• Positive Sentiment: Analyst commentary remains constructive, with several firms reiterating buy/overweight views and price targets clustered well above current levels, reinforcing a bullish long-term sentiment on AAPL. Article Title
• Neutral Sentiment: Several articles highlight Apple’s strong recent operating performance, including record iPhone demand and services revenue, but these are largely a rehash of prior earnings strength rather than a fresh catalyst. Article Title
• Negative Sentiment: A Yahoo Finance report says rising memory chip costs could pressure Apple’s hardware margins as AI features require more device memory, creating a potential headwind for profitability over the next few quarters. Article Title
• Negative Sentiment: Broader sentiment is also being dampened by articles noting that the Magnificent Seven, including Apple, have been weak in June and have lagged the broader market at times, which can weigh on near-term momentum. Article Title

Apple Stock Up 1.8%

Shares of AAPL opened at $296.42 on Tuesday. The company has a market capitalization of $4.35 trillion, a PE ratio of 35.84, a PEG ratio of 2.53 and a beta of 1.09. Apple Inc. has a 12 month low of $195.07 and a 12 month high of $317.40. The stock’s 50-day moving average price is $286.45 and its two-hundred day moving average price is $272.38. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 EPS for the quarter, topping the consensus estimate of $1.95 by $0.06. The firm had revenue of $111.18 billion for the quarter, compared to the consensus estimate of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.65 EPS. On average, analysts anticipate that Apple Inc. will post 8.75 EPS for the current year.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Monday, May 11th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, May 11th. This is a boost from Apple’s previous quarterly dividend of $0.26. Apple’s dividend payout ratio (DPR) is presently 13.06%.

Insider Buying and Selling

In other Apple news, CEO Timothy D. Cook sold 64,949 shares of Apple stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the transaction, the chief executive officer directly owned 3,280,418 shares of the company’s stock, valued at approximately $833,980,668.14. The trade was a 1.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Kevan Parekh sold 1,534 shares of Apple stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $275.00, for a total value of $421,850.00. Following the transaction, the chief financial officer directly owned 13,366 shares in the company, valued at $3,675,650. The trade was a 10.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 97,759 shares of company stock valued at $24,964,305 over the last 90 days. 0.06% of the stock is owned by corporate insiders.

Apple Profile

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.