Coastwise Capital Group LLC Sells 408 Shares of Apple Inc. (NASDAQ:AAPL)

Coastwise Capital Group LLC lowered its stake in Apple Inc. (NASDAQ:AAPL) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,645 shares of the iPhone maker’s stock after selling 408 shares during the period. Apple accounts for 6.7% of Coastwise Capital Group LLC’s holdings, making the stock its 2nd biggest position. Coastwise Capital Group LLC’s holdings in Apple were worth $8,425,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. AMF Tjanstepension AB boosted its holdings in Apple by 21.1% during the third quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock worth $787,631,000 after buying an additional 588,427 shares in the last quarter. TL Private Wealth boosted its stake in shares of Apple by 3.9% during the 3rd quarter. TL Private Wealth now owns 3,583 shares of the iPhone maker’s stock worth $794,000 after acquiring an additional 133 shares in the last quarter. Kelly Financial Services LLC boosted its stake in shares of Apple by 2.3% during the 3rd quarter. Kelly Financial Services LLC now owns 17,147 shares of the iPhone maker’s stock worth $3,995,000 after acquiring an additional 382 shares in the last quarter. Morton Capital Management LLC CA increased its stake in shares of Apple by 4.3% in the 3rd quarter. Morton Capital Management LLC CA now owns 66,499 shares of the iPhone maker’s stock valued at $15,494,000 after purchasing an additional 2,719 shares in the last quarter. Finally, Cypress Wealth Services LLC raised its holdings in Apple by 0.6% in the 3rd quarter. Cypress Wealth Services LLC now owns 133,518 shares of the iPhone maker’s stock worth $31,110,000 after purchasing an additional 817 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Apple Price Performance

Shares of NASDAQ AAPL opened at $223.85 on Friday. 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 $3.36 trillion, a PE ratio of 35.53, 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 $230.94 and its two-hundred day moving average price is $233.28.

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 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 of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. Apple’s dividend payout ratio is presently 15.87%.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of recent analyst reports. Bank of America increased their target price on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Redburn Partners set a $230.00 target price on shares of Apple in a research report on Friday, January 31st. Monness Crespi & Hardt upped their price target on shares of Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. DA Davidson set a $290.00 target price on shares of Apple in a research note on Friday, January 31st. Finally, Jefferies Financial Group restated an “underperform” 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $243.65.

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.