Matisse Capital Has $9.13 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Matisse Capital cut its holdings in Apple Inc. (NASDAQ:AAPL) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,369 shares of the iPhone maker’s stock after selling 1,576 shares during the period. Apple accounts for 4.5% of Matisse Capital’s investment portfolio, making the stock its biggest position. Matisse Capital’s holdings in Apple were worth $9,134,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. MayTech Global Investments LLC grew its holdings in shares of Apple by 3.7% during the 4th quarter. MayTech Global Investments LLC now owns 166,262 shares of the iPhone maker’s stock valued at $32,010,000 after purchasing an additional 5,980 shares during the last quarter. Cohen & Steers Inc. boosted its position in Apple by 6.8% during the 4th quarter. Cohen & Steers Inc. now owns 12,033 shares of the iPhone maker’s stock valued at $2,317,000 after buying an additional 763 shares during the period. Coatue Management LLC purchased a new stake in Apple in the 4th quarter worth approximately $470,614,000. Clear Street Markets LLC lifted its position in shares of Apple by 100.6% in the 4th quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock worth $93,000 after purchasing an additional 83,965 shares during the period. Finally, Brevan Howard Capital Management LP raised its position in shares of Apple by 553.4% in the 4th quarter. Brevan Howard Capital Management LP now owns 48,608 shares of the iPhone maker’s stock worth $9,358,000 after acquiring an additional 41,169 shares in the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Insider Transactions at Apple

In other news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the sale, the senior vice president now directly owns 191,543 shares in the company, valued at approximately $39,542,136.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Luca Maestri sold 59,305 shares of Apple stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the transaction, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is currently owned by company insiders.

Apple Stock Down 0.2 %

Shares of AAPL opened at $229.04 on Friday. The business’s 50 day moving average is $223.25 and its 200 day moving average is $205.14. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.23. The company has a market capitalization of $3.51 trillion, a PE ratio of 35.62, a price-to-earnings-growth ratio of 2.66 and a beta of 1.24.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The company had revenue of $85.78 billion for the quarter, compared to the consensus estimate of $84.43 billion. Apple had a net margin of 26.44% and a return on equity of 147.15%. Apple’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 earnings per share. Research analysts expect that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Robert W. Baird boosted their price target on Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. restated an “overweight” rating and set a $265.00 price target on shares of Apple in a report on Tuesday, September 10th. KeyCorp reiterated a “hold” rating and issued a $247.61 price target on shares of Apple in a research note on Wednesday, August 28th. StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Wedbush reiterated an “outperform” rating and issued a $285.00 target price on shares of Apple in a research note on Monday, September 9th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $239.27.

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.