Apple Inc. (NASDAQ:AAPL) Shares Purchased by Cordant Inc.

Cordant Inc. grew its position in Apple Inc. (NASDAQ:AAPL) by 34.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 678 shares of the iPhone maker’s stock after purchasing an additional 173 shares during the period. Cordant Inc.’s holdings in Apple were worth $158,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. DiNuzzo Private Wealth Inc. increased its stake in Apple by 198.2% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 12,716 shares of the iPhone maker’s stock valued at $2,963,000 after buying an additional 8,452 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Apple by 4.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,929,624 shares of the iPhone maker’s stock worth $449,602,000 after acquiring an additional 79,660 shares during the period. NatWest Group plc boosted its holdings in shares of Apple by 75.0% in the third quarter. NatWest Group plc now owns 147,832 shares of the iPhone maker’s stock valued at $34,445,000 after acquiring an additional 63,377 shares in the last quarter. Heirloom Wealth Management increased its stake in shares of Apple by 1.8% during the third quarter. Heirloom Wealth Management now owns 41,272 shares of the iPhone maker’s stock valued at $9,616,000 after acquiring an additional 744 shares during the period. Finally, TruWealth Advisors LLC raised its holdings in Apple by 0.8% during the third quarter. TruWealth Advisors LLC now owns 181,552 shares of the iPhone maker’s stock worth $42,301,000 after purchasing an additional 1,441 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Trading Up 0.4 %

Apple stock opened at $247.77 on Wednesday. The stock has a market cap of $3.75 trillion, a price-to-earnings ratio of 40.75, a price-to-earnings-growth ratio of 2.38 and a beta of 1.23. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $248.21. The business has a 50 day moving average price of $230.80 and a two-hundred day moving average price of $222.26. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. During the same quarter last year, the company earned $1.46 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, equities analysts forecast that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Insider Buying and Selling

In other news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the sale, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This represents a 6.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Chris Kondo sold 4,130 shares of the business’s 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 of the company’s stock, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 408,170 shares of company stock worth $92,007,745 in the last three months. Insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Melius Research reaffirmed a “buy” rating and set a $265.00 target price on shares of Apple in a research note on Tuesday, August 27th. KeyCorp lowered shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price objective for the company. in a research note on Friday, October 25th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $245.00 target price on shares of Apple in a research report on Monday, September 9th. Wedbush restated an “outperform” rating and set a $300.00 price target on shares of Apple in a report on Friday, November 29th. Finally, Bank of America boosted their price objective on shares of Apple to $256.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $236.78.

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.