Cordant Inc. Sells 140 Shares of Apple Inc. (NASDAQ:AAPL)

Cordant Inc. trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 21.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 505 shares of the iPhone maker’s stock after selling 140 shares during the period. Cordant Inc.’s holdings in Apple were worth $97,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Conservest Capital Advisors Inc. increased its stake in shares of Apple by 0.3% in the third quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock worth $2,877,000 after acquiring an additional 55 shares during the period. High Pines Wealth Management LLC boosted its holdings in Apple by 0.7% during the fourth quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock worth $1,638,000 after buying an additional 58 shares in the last quarter. Kraft Davis & Associates LLC boosted its holdings in Apple by 0.9% during the third quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock worth $1,155,000 after buying an additional 59 shares in the last quarter. Asset Planning Corporation boosted its holdings in Apple by 1.0% during the fourth quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock worth $1,181,000 after buying an additional 59 shares in the last quarter. Finally, Columbus Macro LLC boosted its holdings in Apple by 0.5% during the fourth quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock worth $2,120,000 after buying an additional 59 shares in the last quarter. 60.41% of the stock is currently owned by institutional investors.

Apple Price Performance

Apple stock opened at $165.84 on Tuesday. Apple Inc. has a 12-month low of $162.80 and a 12-month high of $199.62. The stock has a market cap of $2.56 trillion, a P/E ratio of 25.83, a PEG ratio of 1.99 and a beta of 1.27. The company has a 50-day moving average price of $174.24 and a 200 day moving average price of $182.10. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The business had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. During the same period last year, the business earned $1.88 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Sell-side analysts anticipate that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio is presently 14.95%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AAPL shares. Robert W. Baird increased their price target on shares of Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Citigroup reissued a “buy” rating and set a $225.00 price target on shares of Apple in a report on Friday, February 16th. Barclays lowered their price target on shares of Apple from $160.00 to $158.00 and set an “underweight” rating on the stock in a report on Friday, February 2nd. Redburn Atlantic downgraded shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 price target on the stock. in a report on Wednesday, January 10th. Finally, Needham & Company LLC reissued a “buy” rating and set a $220.00 price target on shares of Apple in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $203.05.

Insider Buying and Selling at Apple

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the sale, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Apple news, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the sale, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the transaction, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock worth $63,653,887 over the last three months. Insiders own 0.06% of the company’s stock.

About Apple

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.