Seaview Investment Managers LLC Lowers Stock Position in Apple Inc. (NASDAQ:AAPL)

Seaview Investment Managers LLC reduced its stake in Apple Inc. (NASDAQ:AAPL) by 0.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,176 shares of the iPhone maker’s stock after selling 118 shares during the period. Apple makes up approximately 3.1% of Seaview Investment Managers LLC’s investment portfolio, making the stock its 5th biggest position. Seaview Investment Managers LLC’s holdings in Apple were worth $10,357,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Van Hulzen Asset Management LLC raised its holdings in Apple by 2.7% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 542,313 shares of the iPhone maker’s stock valued at $114,222,000 after acquiring an additional 14,101 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of Apple by 14.2% in the second quarter. Daiwa Securities Group Inc. now owns 2,970,982 shares of the iPhone maker’s stock worth $625,747,000 after purchasing an additional 369,820 shares during the period. Beam Wealth Advisors Inc. raised its stake in Apple by 157.9% in the second quarter. Beam Wealth Advisors Inc. now owns 31,612 shares of the iPhone maker’s stock valued at $6,658,000 after purchasing an additional 19,354 shares in the last quarter. RPG Investment Advisory LLC lifted its position in Apple by 13.0% during the second quarter. RPG Investment Advisory LLC now owns 133,173 shares of the iPhone maker’s stock worth $28,049,000 after purchasing an additional 15,290 shares during the period. Finally, Chesapeake Capital Corp IL acquired a new stake in Apple during the second quarter worth about $690,000. Institutional investors and hedge funds own 60.41% of the company’s stock.

Apple Stock Performance

Shares of AAPL stock opened at $231.41 on Monday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The firm has a market capitalization of $3.55 trillion, a PE ratio of 35.99, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24. The firm has a fifty day simple moving average of $226.86 and a two-hundred day simple moving average of $210.64. 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 (NASDAQ:AAPL) last posted its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The company had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. During the same quarter in the prior year, the business posted $1.26 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. Analysts forecast that Apple Inc. will post 6.65 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio is presently 15.55%.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of recent analyst reports. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $245.00 price target on shares of Apple in a report on Monday, September 9th. Tigress Financial upped their target price on Apple from $245.00 to $295.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, August 28th. Citigroup lifted their price target on Apple to $185.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Raymond James upped their price objective on Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Wedbush reiterated an “outperform” rating and issued a $285.00 target price on shares of Apple in a research report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average target price of $235.91.

Insider Activity at Apple

In other news, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the sale, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Luca Maestri sold 59,305 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $226.52, for a total value of $13,433,768.60. Following the transaction, the chief financial officer now owns 107,788 shares in the company, valued at approximately $24,416,137.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris Kondo sold 5,178 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the sale, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. This 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 sold 517,924 shares of company stock valued at $114,786,399. 0.06% of the stock is owned by insiders.

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.