Triad Wealth Partners LLC Acquires 6,852 Shares of Apple Inc. (NASDAQ:AAPL)

Triad Wealth Partners LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 57.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,796 shares of the iPhone maker’s stock after buying an additional 6,852 shares during the period. Apple comprises about 2.3% of Triad Wealth Partners LLC’s portfolio, making the stock its 16th biggest holding. Triad Wealth Partners LLC’s holdings in Apple were worth $4,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in AAPL. Hershey Financial Advisers LLC bought a new stake in shares of Apple during the 2nd quarter valued at $42,000. Christopher J. Hasenberg Inc lifted its position in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after acquiring an additional 144 shares during the period. Cordant Inc. lifted its position in shares of Apple by 34.3% during the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock valued at $158,000 after acquiring an additional 173 shares during the period. Hoese & Co LLP lifted its position in shares of Apple by 6.7% during the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after acquiring an additional 57 shares during the period. Finally, Sage Financial Group Inc. bought a new stake in shares of Apple during the 2nd quarter valued at $206,000. 67.73% of the stock is currently owned by institutional investors.

Apple Stock Up 0.1 %

Shares of NASDAQ AAPL opened at $248.13 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The company has a market cap of $3.75 trillion, a P/E ratio of 40.81, a PEG ratio of 2.41 and a beta of 1.23. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $250.80. The firm has a 50-day simple moving average of $232.50 and a two-hundred day simple moving average of $223.88.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the previous year, the firm posted $1.46 earnings per share. The company’s revenue was up 6.1% on a year-over-year basis. Research analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Friday, November 8th. Apple’s dividend payout ratio is presently 16.45%.

Insider Activity

In related news, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now owns 15,419 shares of the company’s stock, valued at $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the transaction, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 408,170 shares of company stock valued at $92,007,745. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of research analyst reports. KeyCorp cut Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price target for the company. in a report on Friday, October 25th. Monness Crespi & Hardt reissued a “buy” rating and set a $245.00 price target on shares of Apple in a report on Monday, September 9th. UBS Group reissued a “neutral” rating and set a $236.00 price target on shares of Apple in a report on Monday, December 2nd. New Street Research reissued a “neutral” rating and set a $225.00 price target on shares of Apple in a report on Wednesday, September 25th. Finally, Bank of America boosted their price target on Apple to $256.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $236.78.

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.