Triad Wealth Partners LLC Has $5.89 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Triad Wealth Partners LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 25.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,536 shares of the iPhone maker's stock after acquiring an additional 4,740 shares during the quarter. Apple makes up approximately 2.1% of Triad Wealth Partners LLC's portfolio, making the stock its 12th largest holding. Triad Wealth Partners LLC's holdings in Apple were worth $5,894,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Amara Financial LLC. bought a new position in shares of Apple in the third quarter valued at approximately $288,000. Vestcor Inc grew its stake in shares of Apple by 10.1% in the third quarter. Vestcor Inc now owns 375,539 shares of the iPhone maker's stock worth $87,501,000 after acquiring an additional 34,414 shares during the last quarter. 5th Street Advisors LLC grew its stake in shares of 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 acquiring an additional 3,736 shares during the last quarter. Simmons Bank grew its stake in shares of Apple by 1.6% in the third quarter. Simmons Bank now owns 132,641 shares of the iPhone maker's stock worth $30,905,000 after acquiring an additional 2,086 shares during the last quarter. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Apple in the third quarter worth $4,972,000. Institutional investors own 67.73% of the company's stock.

Insider Buying and Selling

In other news, insider Chris Kondo sold 4,486 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $208.19, for a total transaction of $933,940.34. Following the completion of the transaction, the insider now directly owns 15,533 shares of the company's stock, valued at $3,233,815.27. This trade represents a 22.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevan Parekh sold 4,570 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total transaction of $941,420.00. Following the transaction, the chief financial officer now directly owns 4,569 shares of the company's stock, valued at $941,214. This represents a 50.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 191,507 shares of company stock valued at $42,694,080. 0.06% of the stock is owned by corporate insiders.

Apple Stock Down 0.4%

NASDAQ AAPL traded down $0.88 during trading hours on Thursday, reaching $211.45. 43,910,127 shares of the company's stock were exchanged, compared to its average volume of 55,930,688. The company's 50-day moving average is $206.60 and its two-hundred day moving average is $226.99. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The company has a market capitalization of $3.16 trillion, a price-to-earnings ratio of 33.56, a price-to-earnings-growth ratio of 2.44 and a beta of 1.27.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.62 by $0.03. Apple had a return on equity of 160.83% and a net margin of 24.30%. The business had revenue of $95.36 billion during the quarter, compared to analysts' expectations of $94.04 billion. During the same period in the prior year, the business earned $1.53 EPS. Apple's revenue for the quarter was up 5.1% compared to the same quarter last year. On average, analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple declared that its board has authorized a stock repurchase plan on Thursday, May 1st that permits the company to repurchase $100.00 billion in shares. This repurchase authorization permits the iPhone maker to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Apple Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AAPL shares. China Renaissance started coverage on shares of Apple in a research note on Tuesday, April 22nd. They issued a "buy" rating and a $241.00 price objective on the stock. Morgan Stanley reiterated an "overweight" rating on shares of Apple in a research note on Monday. DA Davidson lifted their price target on shares of Apple from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Monness Crespi & Hardt reduced their target price on shares of Apple from $260.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Redburn Partners set a $230.00 target price on shares of Apple in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $235.80.

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.