Apple Inc. (NASDAQ:AAPL) Stock Position Lowered by Breakwater Capital Group

Breakwater Capital Group cut its holdings in Apple Inc. (NASDAQ:AAPL) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,592 shares of the iPhone maker’s stock after selling 563 shares during the period. Apple accounts for 4.2% of Breakwater Capital Group’s investment portfolio, making the stock its biggest position. Breakwater Capital Group’s holdings in Apple were worth $21,184,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Bull Oak Capital LLC grew its position in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after purchasing an additional 111 shares in the last quarter. Hershey Financial Advisers LLC bought a new stake in Apple during the second quarter valued at $42,000. Christopher J. Hasenberg Inc grew its position in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after buying an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new position in Apple in the 3rd quarter worth about $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple in the 3rd quarter valued at about $77,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Up 0.6 %

Shares of NASDAQ:AAPL opened at $247.10 on Tuesday. The stock’s 50-day moving average is $240.39 and its 200 day moving average is $233.12. The company has a market cap of $3.71 trillion, a PE ratio of 39.22, a P/E/G ratio of 2.44 and a beta of 1.20. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Sell-side analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.40%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on AAPL shares. Jefferies Financial Group reissued an “underperform” rating on shares of Apple in a report on Wednesday, February 19th. Wedbush reissued an “outperform” rating and issued a $325.00 price target on shares of Apple in a research note on Thursday, January 23rd. TD Cowen reissued a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 price objective on shares of Apple in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. upped their target price on shares of Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.85.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares in the company, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.06% of the company’s stock.

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.