Apple Inc. (NASDAQ:AAPL) Shares Sold by SeaTown Holdings Pte. Ltd.

SeaTown Holdings Pte. Ltd. decreased its stake in Apple Inc. (NASDAQ:AAPL) by 31.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,222 shares of the iPhone maker’s stock after selling 14,500 shares during the quarter. Apple makes up 5.5% of SeaTown Holdings Pte. Ltd.’s holdings, making the stock its 11th biggest position. SeaTown Holdings Pte. Ltd.’s holdings in Apple were worth $8,069,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Bull Oak Capital LLC raised its position in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the last quarter. Hershey Financial Advisers LLC purchased a new stake in Apple during the 2nd quarter valued at about $42,000. Christopher J. Hasenberg Inc lifted its stake in Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in Apple in the 3rd quarter worth approximately $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple during the 3rd quarter worth approximately $77,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on AAPL shares. Citigroup lifted their price objective on Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Raymond James lifted their price target on Apple to $250.00 and gave the stock a “buy” rating in a report on Monday, January 20th. Evercore ISI upped their price objective on shares of Apple to $260.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Oppenheimer cut shares of Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Finally, DA Davidson set a $290.00 price target on shares of Apple in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average price target of $243.88.

Insider Activity at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is currently owned by insiders.

Apple Stock Performance

NASDAQ:AAPL opened at $235.33 on Friday. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The firm has a market capitalization of $3.54 trillion, a PE ratio of 37.35, a price-to-earnings-growth 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. The business’s fifty day moving average price is $237.89 and its 200 day moving average price is $233.94.

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

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is currently 15.87%.

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.