Three Cord True Wealth Management LLC Has $550,000 Holdings in Apple Inc. $AAPL

Three Cord True Wealth Management LLC reduced its position in Apple Inc. (NASDAQ:AAPL) by 1.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,682 shares of the iPhone maker’s stock after selling 47 shares during the quarter. Apple comprises about 1.0% of Three Cord True Wealth Management LLC’s holdings, making the stock its 9th biggest holding. Three Cord True Wealth Management LLC’s holdings in Apple were worth $550,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of AAPL. Burkett Financial Services LLC grew its stake in Apple by 0.6% in the 1st quarter. Burkett Financial Services LLC now owns 14,401 shares of the iPhone maker’s stock worth $3,199,000 after buying an additional 93 shares in the last quarter. Avid Wealth Partners LLC grew its stake in Apple by 28.3% in the 1st quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock worth $935,000 after buying an additional 930 shares in the last quarter. Bell & Brown Wealth Advisors LLC grew its stake in Apple by 0.4% in the 1st quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock worth $13,772,000 after buying an additional 240 shares in the last quarter. American National Bank & Trust grew its stake in Apple by 2.4% in the 2nd quarter. American National Bank & Trust now owns 195,482 shares of the iPhone maker’s stock worth $40,107,000 after buying an additional 4,543 shares in the last quarter. Finally, Andina Capital Management LLC grew its stake in Apple by 209.2% in the 1st quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock worth $1,507,000 after buying an additional 4,591 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Apple Trading Up 2.3%

NASDAQ:AAPL opened at $268.81 on Tuesday. The company has a fifty day moving average of $244.91 and a 200 day moving average of $220.14. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $269.12. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $3.99 trillion, a P/E ratio of 40.79, a P/E/G ratio of 2.56 and a beta of 1.09.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. Apple had a net margin of 24.30% and a return on equity of 170.91%. The company had revenue of $94.04 billion during the quarter, compared to analyst estimates of $88.64 billion. During the same period in the prior year, the business posted $1.40 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. On average, research analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple’s payout ratio is presently 15.78%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. CLSA raised shares of Apple to a “strong-buy” rating in a research note on Sunday, October 5th. Barclays boosted their price target on shares of Apple from $173.00 to $180.00 and gave the stock an “underweight” rating in a research note on Friday, August 1st. Needham & Company LLC reissued a “hold” rating on shares of Apple in a research note on Friday, July 25th. Rosenblatt Securities boosted their price objective on shares of Apple from $223.00 to $241.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Finally, Moffett Nathanson upgraded shares of Apple from a “sell” rating to a “neutral” rating and set a $225.00 price objective for the company in a report on Thursday, September 4th. Four investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $252.83.

Insider Activity at Apple

In other Apple news, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the transaction, the senior vice president directly owned 179,158 shares of the company’s stock, valued at approximately $46,005,982.82. The trade was a 20.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the transaction, the chief financial officer directly owned 8,765 shares in the company, valued at approximately $2,168,373.35. The trade was a 32.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 259,121 shares of company stock valued at $65,358,981 in the last 90 days. 0.06% of the stock is 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.