Cordatus Wealth Management LLC Purchases Shares of 87,348 Apple Inc. (NASDAQ:AAPL)

Cordatus Wealth Management LLC purchased a new stake in shares of Apple Inc. (NASDAQ:AAPL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 87,348 shares of the iPhone maker’s stock, valued at approximately $21,874,000. Apple makes up 5.8% of Cordatus Wealth Management LLC’s investment portfolio, making the stock its 2nd largest position.

Other large investors have also added to or reduced their stakes in the company. Drystone LLC purchased a new position in shares of Apple in the fourth quarter worth about $25,000. Life Planning Partners Inc purchased a new position in shares of Apple in the fourth quarter worth about $47,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Apple in the third quarter worth about $71,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of Apple in the third quarter worth about $77,000. Finally, ARK Investment Management LLC purchased a new position in shares of Apple in the third quarter worth about $110,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Citigroup decreased their price objective on Apple from $275.00 to $245.00 and set a “buy” rating on the stock in a report on Monday, April 14th. China Renaissance started coverage on Apple in a report on Tuesday, April 22nd. They issued a “buy” rating and a $241.00 price objective on the stock. Moffett Nathanson restated 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. JPMorgan Chase & Co. reduced their price target on Apple from $270.00 to $245.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Finally, DA Davidson reduced their price target on Apple from $290.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $234.31.

Apple Stock Performance

Shares of AAPL opened at $210.14 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average price is $215.01 and its 200-day moving average price is $229.19. Apple Inc. has a 52 week low of $169.11 and a 52 week high of $260.10. The stock has a market cap of $3.16 trillion, a P/E ratio of 33.36, a P/E/G ratio of 2.44 and a beta of 1.26.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm 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 yield of 0.48%. Apple’s payout ratio is 15.87%.

Insider Buying and Selling at Apple

In other Apple news, CEO Timothy D. Cook sold 108,136 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the sale, the chief executive officer now directly owns 3,280,295 shares in the company, valued at $733,637,976.75. The trade was a 3.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kevan Parekh sold 4,570 shares of the business’s stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 187,021 shares of company stock worth $41,760,140 in the last three months. 0.06% of the stock is currently owned by company insiders.

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.