Apple Inc. $AAPL Shares Bought by CORDA Investment Management LLC.

CORDA Investment Management LLC. lifted its position in shares of Apple Inc. (NASDAQ:AAPL) by 51.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 287,356 shares of the iPhone maker’s stock after purchasing an additional 97,885 shares during the period. Apple comprises about 4.3% of CORDA Investment Management LLC.’s holdings, making the stock its 3rd largest position. CORDA Investment Management LLC.’s holdings in Apple were worth $58,957,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Ryan Investment Management Inc. purchased a new position in shares of Apple during the second quarter worth approximately $31,000. ROSS JOHNSON & Associates LLC increased its stake in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after purchasing an additional 180 shares during the period. Nexus Investment Management ULC raised its stake in Apple by 333.3% during the 2nd quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock valued at $53,000 after acquiring an additional 200 shares during the last quarter. Elite Financial Inc. purchased a new stake in Apple during the 1st quarter valued at approximately $58,000. Finally, LSV Asset Management acquired a new stake in Apple during the 4th quarter worth approximately $65,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Apple

In related news, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $247.39, for a total value of $1,038,790.61. Following the sale, the chief financial officer directly owned 8,765 shares in the company, valued at $2,168,373.35. The trade was a 32.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Katherine L. Adams sold 47,125 shares of the stock in a transaction dated 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 completion of the sale, the senior vice president directly owned 179,158 shares in the company, valued at approximately $46,005,982.82. The trade was a 20.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 228,052 shares of company stock valued at $58,604,588 in the last 90 days. 0.06% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Tigress Financial upped their price target on Apple from $300.00 to $305.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, September 17th. JPMorgan Chase & Co. boosted their price objective on shares of Apple from $290.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 31st. Needham & Company LLC restated a “hold” rating on shares of Apple in a research note on Friday, July 25th. Seaport Res Ptn raised shares of Apple to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Wedbush reissued an “outperform” rating on shares of Apple in a report on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $278.22.

Apple Stock Up 0.4%

AAPL stock opened at $268.56 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The company’s 50-day moving average price is $258.01 and its 200 day moving average price is $228.15. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $277.32. The company has a market cap of $3.97 trillion, a P/E ratio of 40.75, a P/E/G ratio of 2.62 and a beta of 1.09.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. The company had revenue of $102.47 billion during the quarter, compared to analysts’ expectations of $101.65 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the company posted $1.64 earnings per share. On average, research analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 10th 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 was Monday, November 10th. Apple’s payout ratio is presently 13.92%.

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.