Coerente Capital Management Has $515,000 Position in Apple Inc. $AAPL

Coerente Capital Management lessened its position in Apple Inc. (NASDAQ:AAPL) by 10.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,510 shares of the iPhone maker’s stock after selling 300 shares during the period. Coerente Capital Management’s holdings in Apple were worth $515,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Avid Wealth Partners LLC increased its position in Apple by 28.3% during the first quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock worth $935,000 after acquiring an additional 930 shares during the period. Bell & Brown Wealth Advisors LLC increased its position in Apple by 0.4% during the first quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock worth $13,772,000 after acquiring an additional 240 shares during the period. American National Bank & Trust increased its position in Apple by 2.4% during the second quarter. American National Bank & Trust now owns 195,482 shares of the iPhone maker’s stock worth $40,107,000 after acquiring an additional 4,543 shares during the period. Andina Capital Management LLC increased its position in Apple by 209.2% during the first quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock worth $1,507,000 after acquiring an additional 4,591 shares during the period. Finally, Plum Street Advisors LLC increased its position in Apple by 4.0% during the first quarter. Plum Street Advisors LLC now owns 7,889 shares of the iPhone maker’s stock worth $1,752,000 after acquiring an additional 301 shares during the period. Institutional investors own 67.73% of the company’s stock.

Insider Activity at Apple

In other Apple news, CEO Timothy D. Cook sold 129,963 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the completion of the sale, the chief executive officer owned 3,280,295 shares in the company, valued at approximately $842,412,558.95. The trade was a 3.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 sale, the senior vice president owned 179,158 shares of the company’s stock, valued at $46,005,982.82. This trade represents a 20.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 259,121 shares of company stock worth $65,358,981 over the last quarter. 0.06% of the stock is currently owned by insiders.

Apple Stock Up 0.4%

Shares of NASDAQ AAPL opened at $270.04 on Wednesday. The company has a market capitalization of $4.01 trillion, a P/E ratio of 40.98, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $277.32. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The company’s 50 day moving average price is $249.99 and its 200-day moving average price is $223.37.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.11. The firm had revenue of $102.47 billion for the quarter, compared to the consensus estimate of $101.65 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.64 EPS. Equities analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Monday, November 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, November 10th. Apple’s payout ratio is presently 13.92%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Raymond James Financial reissued an “outperform” rating and issued a $240.00 target price (up from $230.00) on shares of Apple in a report on Friday, August 1st. Sanford C. Bernstein set a $325.00 target price on shares of Apple in a report on Monday. The Goldman Sachs Group raised their target price on shares of Apple from $279.00 to $320.00 and gave the company a “buy” rating in a report on Friday, October 31st. Argus set a $325.00 target price on shares of Apple and gave the company a “buy” rating in a report on Friday. Finally, BMO Capital Markets reissued a “buy” rating on shares of Apple in a report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $278.22.

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.