Kraft Asset Management LLC Sells 101 Shares of Apple Inc. (NASDAQ:AAPL)

Kraft Asset Management LLC reduced its position in Apple Inc. (NASDAQ:AAPL) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,205 shares of the iPhone maker’s stock after selling 101 shares during the quarter. Apple comprises approximately 0.4% of Kraft Asset Management LLC’s investment portfolio, making the stock its 28th biggest holding. Kraft Asset Management LLC’s holdings in Apple were worth $525,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AAPL. Bull Oak Capital LLC lifted its stake in shares of Apple by 252.3% in 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 during the period. Hershey Financial Advisers LLC purchased a new position in Apple in the second quarter valued at $42,000. Christopher J. Hasenberg Inc raised its position in shares of Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares during the period. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple in the third quarter worth about $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in shares of Apple during the 3rd quarter worth about $77,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AAPL has been the subject of a number of recent analyst reports. Citigroup boosted their price objective on Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Bank of America boosted their target price on shares of Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. KeyCorp reaffirmed an “underweight” rating and issued a $200.00 price target on shares of Apple in a research note on Friday, January 31st. Morgan Stanley cut their price objective on Apple from $275.00 to $252.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Apple in a report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $243.22.

Apple Price Performance

Shares of NASDAQ AAPL opened at $216.98 on Thursday. 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 firm has a market capitalization of $3.26 trillion, a PE ratio of 34.44, a P/E/G ratio of 2.44 and a beta of 1.18. Apple Inc. has a 1-year low of $164.08 and a 1-year high of $260.10. The business’s fifty day moving average price is $235.80 and its two-hundred day moving average price is $234.00.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping 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, research analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of Apple 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 sale, the chief operating officer now directly 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.