Seaview Investment Managers LLC Sells 118 Shares of Apple Inc. (NASDAQ:AAPL)

Seaview Investment Managers LLC reduced its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,176 shares of the iPhone maker’s stock after selling 118 shares during the quarter. Apple comprises about 3.1% of Seaview Investment Managers LLC’s portfolio, making the stock its 5th biggest position. Seaview Investment Managers LLC’s holdings in Apple were worth $10,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Van Hulzen Asset Management LLC increased its position in Apple by 2.7% in the second quarter. Van Hulzen Asset Management LLC now owns 542,313 shares of the iPhone maker’s stock worth $114,222,000 after purchasing an additional 14,101 shares during the period. Daiwa Securities Group Inc. lifted its position in Apple by 14.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 2,970,982 shares of the iPhone maker’s stock valued at $625,747,000 after purchasing an additional 369,820 shares during the period. Beam Wealth Advisors Inc. boosted its stake in shares of Apple by 157.9% in the 2nd quarter. Beam Wealth Advisors Inc. now owns 31,612 shares of the iPhone maker’s stock valued at $6,658,000 after purchasing an additional 19,354 shares during the last quarter. RPG Investment Advisory LLC grew its position in shares of Apple by 13.0% during the 2nd quarter. RPG Investment Advisory LLC now owns 133,173 shares of the iPhone maker’s stock worth $28,049,000 after buying an additional 15,290 shares during the period. Finally, Chesapeake Capital Corp IL acquired a new position in Apple in the second quarter valued at approximately $690,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Price Performance

Shares of NASDAQ AAPL opened at $231.41 on Monday. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.91. The business has a 50-day moving average of $226.86 and a 200-day moving average of $210.64. The stock has a market capitalization of $3.55 trillion, a price-to-earnings ratio of 35.99, a PEG ratio of 2.40 and a beta of 1.24. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.49.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. Apple had a return on equity of 147.15% and a net margin of 26.44%. The firm had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. During the same period last year, the company earned $1.26 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. As a group, sell-side analysts predict that Apple Inc. will post 6.65 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.43%. Apple’s dividend payout ratio (DPR) is currently 15.55%.

Analyst Upgrades and Downgrades

Several analysts have commented on AAPL shares. Robert W. Baird upped their target price on shares of Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. New Street Research reiterated a “neutral” rating and issued a $225.00 price objective on shares of Apple in a report on Wednesday, September 25th. Wedbush reissued an “outperform” rating and issued a $285.00 target price on shares of Apple in a research note on Monday, September 9th. KeyCorp lowered Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price for the company. in a research report on Friday. Finally, Oppenheimer reiterated a “buy” rating and issued a $250.00 price target on shares of Apple in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $235.91.

Insider Buying and Selling

In related news, CFO Luca Maestri sold 59,305 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the transaction, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the completion of the sale, the chief operating officer now directly owns 489,944 shares in the company, valued at $111,148,695.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Luca Maestri sold 59,305 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $226.52, for a total value of $13,433,768.60. Following the transaction, the chief financial officer now owns 107,788 shares in the company, valued at approximately $24,416,137.76. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 517,924 shares of company stock worth $114,786,399. Company 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.