Matisse Capital Sells 3,344 Shares of Apple Inc. (NASDAQ:AAPL)

Matisse Capital reduced its holdings in Apple Inc. (NASDAQ:AAPL) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 40,136 shares of the iPhone maker’s stock after selling 3,344 shares during the quarter. Apple comprises 5.1% of Matisse Capital’s portfolio, making the stock its biggest holding. Matisse Capital’s holdings in Apple were worth $10,051,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of AAPL. Drystone LLC bought a new position in shares of Apple during the 4th quarter worth about $25,000. Bull Oak Capital LLC lifted its position in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in shares of Apple in the 3rd quarter valued at $71,000. Teachers Insurance & Annuity Association of America bought a new position in shares of Apple in the 3rd quarter valued at about $77,000. Finally, ARK Investment Management LLC acquired a new position in Apple in the third quarter valued at about $110,000. 67.73% of the stock is owned by institutional investors.

Apple Price Performance

AAPL stock opened at $223.89 on Thursday. The company’s 50-day moving average price is $230.55 and its two-hundred day moving average price is $233.36. The firm has a market cap of $3.36 trillion, a P/E ratio of 35.54, a P/E/G ratio of 2.44 and a beta of 1.18. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data 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%. On average, analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AAPL. Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a report on Tuesday, January 21st. Rosenblatt Securities reaffirmed a “buy” rating and set a $262.00 price objective on shares of Apple in a research report on Monday, January 27th. Argus raised Apple to a “strong-buy” rating in a research report on Friday, January 31st. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Apple in a research report on Wednesday, February 19th. Finally, Moffett Nathanson reissued a “sell” rating and issued a $188.00 price objective (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $245.52.

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.