Apple Inc. (NASDAQ:AAPL) Shares Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 352,766 shares of the iPhone maker’s stock after buying an additional 652 shares during the period. Apple makes up about 9.3% of SeaCrest Wealth Management LLC’s portfolio, making the stock its largest position. SeaCrest Wealth Management LLC’s holdings in Apple were worth $88,340,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Angeles Wealth Management LLC raised its stake in shares of Apple by 11.9% in the second quarter. Angeles Wealth Management LLC now owns 119,751 shares of the iPhone maker’s stock worth $25,222,000 after purchasing an additional 12,741 shares during the last quarter. Blue Square Asset Management LLC grew its holdings in Apple by 14.7% during the second quarter. Blue Square Asset Management LLC now owns 21,867 shares of the iPhone maker’s stock worth $4,606,000 after buying an additional 2,810 shares in the last quarter. Spectrum Wealth Advisory Group LLC raised its position in Apple by 0.8% in the 2nd quarter. Spectrum Wealth Advisory Group LLC now owns 26,009 shares of the iPhone maker’s stock valued at $5,478,000 after buying an additional 214 shares during the last quarter. GEM Asset Management LLC lifted its stake in Apple by 2.5% during the 2nd quarter. GEM Asset Management LLC now owns 19,245 shares of the iPhone maker’s stock valued at $4,053,000 after acquiring an additional 471 shares in the last quarter. Finally, Kinsale Capital Group Inc. boosted its holdings in Apple by 23.5% during the 2nd quarter. Kinsale Capital Group Inc. now owns 31,069 shares of the iPhone maker’s stock worth $6,544,000 after acquiring an additional 5,905 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Insider Activity at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction that occurred on 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 directly owns 389,944 shares in the company, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on AAPL shares. Evercore ISI increased their target price on shares of Apple to $260.00 and gave the company a “buy” rating in a report on Thursday, February 20th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a research report on Wednesday, February 19th. UBS Group lifted their target price on shares of Apple to $236.00 and gave the stock a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. upped their target price on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Finally, Citigroup lifted their price target on Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average price target of $243.88.

Apple Price Performance

AAPL stock opened at $247.04 on Wednesday. The firm has a 50 day moving average of $240.26 and a 200-day moving average of $233.34. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $3.71 trillion, a P/E ratio of 39.21, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $260.10.

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

Apple Dividend Announcement

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

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.