9,843 Shares in Apple Inc. (NASDAQ:AAPL) Acquired by Coordinated Financial Services Inc.

Coordinated Financial Services Inc. acquired a new position in Apple Inc. (NASDAQ:AAPL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 9,843 shares of the iPhone maker’s stock, valued at approximately $2,465,000. Apple comprises approximately 1.9% of Coordinated Financial Services Inc.’s investment portfolio, making the stock its 7th largest position.

Several other institutional investors have also recently bought and sold shares of the stock. Drystone LLC bought a new stake in shares of Apple during the 4th quarter valued at $25,000. Life Planning Partners Inc bought a new stake in shares of Apple during the 4th quarter valued at $47,000. SPX Gestao de Recursos Ltda bought a new stake in shares of Apple during the 3rd quarter valued at $71,000. Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple during the 3rd quarter valued at $77,000. Finally, Pillar Financial Advisors LLC bought a new stake in shares of Apple during the 4th quarter valued at $82,000. Institutional investors own 67.73% of the company’s stock.

Insider Activity

In related news, CEO Timothy D. Cook sold 108,136 shares of Apple 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 transaction, the chief executive officer now owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. This trade represents a 3.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Chris Kondo sold 4,486 shares of Apple stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $208.19, for a total value of $933,940.34. Following the transaction, the insider now owns 15,533 shares of the company’s stock, valued at $3,233,815.27. The trade was a 22.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold 191,507 shares of company stock worth $42,694,080 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Apple Price Performance

Shares of NASDAQ AAPL opened at $211.26 on Friday. The stock has a market capitalization of $3.16 trillion, a price-to-earnings ratio of 33.53, a PEG ratio of 2.44 and a beta of 1.27. The business has a 50-day moving average of $206.09 and a 200-day moving average of $226.66. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.03. The company had revenue of $95.36 billion during the quarter, compared to analysts’ expectations of $94.04 billion. Apple had a return on equity of 160.83% and a net margin of 24.30%. Apple’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.53 EPS. As a group, sell-side analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple declared that its board has approved a share repurchase program on Thursday, May 1st that allows the company to buyback $100.00 billion in shares. This buyback authorization allows the iPhone maker to reacquire up to 3.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 12th were issued a $0.26 dividend. This is a boost from Apple’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 12th. This represents a $1.04 annualized dividend and a dividend yield of 0.49%. Apple’s dividend payout ratio (DPR) is presently 16.20%.

Wall Street Analyst Weigh In

AAPL has been the subject of several recent research reports. TD Cowen dropped their target price on shares of Apple from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Tigress Financial upped their target price on shares of Apple from $295.00 to $300.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 3rd. The Goldman Sachs Group dropped their target price on shares of Apple from $259.00 to $256.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Oppenheimer cut shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Finally, DA Davidson raised their price objective on Apple from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $235.80.

Apple 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.