Seven Post Investment Office LP Has $1.24 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Seven Post Investment Office LP cut its position in Apple Inc. (NASDAQ:AAPL) by 58.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,951 shares of the iPhone maker’s stock after selling 7,029 shares during the period. Apple accounts for approximately 0.5% of Seven Post Investment Office LP’s investment portfolio, making the stock its 20th biggest holding. Seven Post Investment Office LP’s holdings in Apple were worth $1,240,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Pure Financial Advisors LLC grew its stake in shares of Apple by 1.9% in the 4th quarter. Pure Financial Advisors LLC now owns 172,210 shares of the iPhone maker’s stock valued at $43,125,000 after buying an additional 3,150 shares during the period. Tudor Financial Inc. grew its stake in shares of Apple by 15.7% in the 4th quarter. Tudor Financial Inc. now owns 11,765 shares of the iPhone maker’s stock valued at $2,946,000 after buying an additional 1,593 shares during the period. Addenda Capital Inc. grew its stake in shares of Apple by 4.5% in the 4th quarter. Addenda Capital Inc. now owns 150,546 shares of the iPhone maker’s stock valued at $37,700,000 after buying an additional 6,485 shares during the period. New Hampshire Trust grew its stake in shares of Apple by 0.4% in the 4th quarter. New Hampshire Trust now owns 127,341 shares of the iPhone maker’s stock valued at $31,889,000 after buying an additional 557 shares during the period. Finally, CMH Wealth Management LLC grew its stake in shares of Apple by 0.9% in the 4th quarter. CMH Wealth Management LLC now owns 107,097 shares of the iPhone maker’s stock valued at $26,819,000 after buying an additional 935 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on AAPL shares. Oppenheimer downgraded Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. KeyCorp reiterated an “underweight” rating and set a $200.00 price target on shares of Apple in a research note on Friday, January 31st. UBS Group lifted their price target on Apple to $236.00 and gave the company a “hold” rating in a research note on Tuesday, February 25th. Evercore ISI lifted their price target on Apple to $260.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Finally, DA Davidson set a $290.00 price target on Apple in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $243.88.

Apple Trading Up 1.6 %

NASDAQ:AAPL opened at $239.07 on Monday. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The stock has a market capitalization of $3.59 trillion, a PE ratio of 37.95, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The firm’s 50 day moving average is $237.56 and its 200 day moving average is $234.14.

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, 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%. Sell-side analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

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. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. Apple’s dividend payout ratio is 15.87%.

Insider Activity at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on 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 transaction, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.06% of the stock is owned by company insiders.

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.