Seelaus Asset Management LLC Sells 365 Shares of Apple Inc. (NASDAQ:AAPL)

Seelaus Asset Management LLC lessened its position in Apple Inc. (NASDAQ:AAPL) by 1.0% in the 4th quarter, Holdings Channel reports. The fund owned 35,926 shares of the iPhone maker’s stock after selling 365 shares during the period. Apple makes up approximately 8.2% of Seelaus Asset Management LLC’s investment portfolio, making the stock its biggest holding. Seelaus Asset Management LLC’s holdings in Apple were worth $8,997,000 as of its most recent filing with the SEC.

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

Apple Stock Performance

Apple stock opened at $190.42 on Friday. The stock has a market cap of $2.86 trillion, a price-to-earnings ratio of 30.23, a PEG ratio of 2.44 and a beta of 1.26. The stock’s 50 day simple moving average is $223.56 and its two-hundred day simple moving average is $231.33. Apple Inc. has a fifty-two week low of $164.08 and a fifty-two week high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on AAPL shares. Moffett Nathanson restated a “sell” rating and set a $188.00 price objective (down previously from $202.00) on shares of Apple in a report on Tuesday, January 7th. Jefferies Financial Group upgraded shares of Apple from an “underperform” rating to a “hold” rating and reduced their target price for the company from $202.33 to $167.88 in a research note on Wednesday. Raymond James increased their price target on Apple to $250.00 and gave the stock a “buy” rating in a research report on Friday, April 4th. Citigroup reissued a “buy” rating on shares of Apple in a report on Wednesday, April 2nd. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Apple in a research note on Wednesday, February 19th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $240.26.

Insider Transactions at Apple

In other Apple news, CEO Timothy D. Cook sold 108,136 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the sale, the chief executive officer now directly owns 3,280,295 shares of the company’s stock, valued at $733,637,976.75. This trade represents a 3.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey E. Williams sold 35,493 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the completion of the transaction, the chief operating officer now directly owns 390,059 shares in the company, valued at $87,377,116.59. This trade represents a 8.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 182,451 shares of company stock worth $40,818,720 in the last quarter. Company insiders own 0.06% of the company’s stock.

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.