87,348 Shares in Apple Inc. (NASDAQ:AAPL) Bought by Cordatus Wealth Management LLC

Cordatus Wealth Management LLC acquired a new stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 87,348 shares of the iPhone maker's stock, valued at approximately $21,874,000. Apple comprises about 5.8% of Cordatus Wealth Management LLC's portfolio, making the stock its 2nd largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of AAPL. Amara Financial LLC. purchased a new position in Apple during the third quarter valued at $288,000. Silicon Valley Capital Partners raised its position in shares of Apple by 12.8% in the 3rd quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker's stock worth $59,122,000 after purchasing an additional 28,799 shares during the last quarter. Catalyst Financial Partners LLC boosted its stake in Apple by 4.2% in the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker's stock worth $22,505,000 after purchasing an additional 3,935 shares in the last quarter. Vestcor Inc increased its stake in Apple by 10.1% during the 3rd quarter. Vestcor Inc now owns 375,539 shares of the iPhone maker's stock valued at $87,501,000 after purchasing an additional 34,414 shares in the last quarter. Finally, 5th Street Advisors LLC raised its holdings in Apple by 32.9% in the third quarter. 5th Street Advisors LLC now owns 15,100 shares of the iPhone maker's stock worth $3,518,000 after buying an additional 3,736 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Apple Trading Up 0.6 %

Shares of NASDAQ:AAPL traded up $1.29 during trading on Wednesday, hitting $212.50. The company had a trading volume of 50,495,030 shares, compared to its average volume of 56,594,610. The stock has a market cap of $3.19 trillion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The company has a fifty day simple moving average of $214.32 and a two-hundred day simple moving average of $229.06. Apple Inc. has a one year low of $169.11 and a one year high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping analysts' consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, equities analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.47%. Apple's payout ratio is currently 15.87%.

Insider Transactions at Apple

In other news, COO Jeffrey E. Williams sold 35,493 shares of Apple stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total value of $7,950,786.93. Following the transaction, the chief operating officer now owns 390,059 shares of the company's stock, valued at $87,377,116.59. The trade was a 8.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kevan Parekh sold 4,570 shares of the stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total value of $941,420.00. Following the sale, the chief financial officer now owns 4,569 shares of the company's stock, valued at approximately $941,214. This represents a 50.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 187,021 shares of company stock valued at $41,760,140. Company insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AAPL shares. KeyCorp raised shares of Apple from an "underweight" rating to a "sector weight" rating in a research report on Monday, April 14th. Loop Capital reduced their target price on Apple from $230.00 to $215.00 and set a "hold" rating for the company in a report on Wednesday. Jefferies Financial Group raised Apple from an "underperform" rating to a "hold" rating and dropped their price objective for the company from $202.33 to $167.88 in a research report on Wednesday, April 9th. Rosenblatt Securities reissued a "buy" rating and issued a $263.00 target price on shares of Apple in a research report on Thursday, April 3rd. Finally, Moffett Nathanson reaffirmed a "sell" rating and set a $188.00 price target (down previously from $202.00) on shares of Apple in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $232.63.

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.