Oceanside Advisors LLC Increases Stock Position in Apple Inc. (NASDAQ:AAPL)

Oceanside Advisors LLC boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 18.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,191 shares of the iPhone maker’s stock after buying an additional 493 shares during the quarter. Apple makes up approximately 0.6% of Oceanside Advisors LLC’s investment portfolio, making the stock its 23rd biggest holding. Oceanside Advisors LLC’s holdings in Apple were worth $799,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. O Connor Financial Group LLC boosted its holdings in Apple by 1.2% in the 4th quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock worth $896,000 after buying an additional 41 shares during the last quarter. 1620 Investment Advisors Inc. lifted its holdings in Apple by 0.5% in the third quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock valued at $2,249,000 after acquiring an additional 45 shares during the last quarter. Carolina Wealth Advisors LLC increased its position in shares of Apple by 1.3% during the third quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock valued at $813,000 after acquiring an additional 46 shares during the last quarter. Menard Financial Group LLC grew its stake in shares of Apple by 0.4% in the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock valued at $2,848,000 after buying an additional 48 shares in the last quarter. Finally, Hanseatic Management Services Inc. lifted its position in shares of Apple by 1.3% during the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock worth $945,000 after purchasing an additional 48 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Price Performance

Apple stock opened at $202.52 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $3.04 trillion, a P/E ratio of 32.15, a PEG ratio of 2.44 and a beta of 1.26. The firm has a fifty day moving average of $222.27 and a 200-day moving average of $230.99. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10.

Apple (NASDAQ:AAPL) last announced its earnings results 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 return on equity of 160.83% and a net margin of 24.30%. As a group, analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders 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 dividend yield of 0.49%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AAPL shares. TD Cowen reaffirmed a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Citigroup reduced their target price on shares of Apple from $275.00 to $245.00 and set a “buy” rating on the stock in a report on Monday. UBS Group boosted their target price on shares of Apple to $236.00 and gave the stock a “buy” rating in a research note on Monday. Sanford C. Bernstein lifted their price target on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Argus upgraded Apple to a “strong-buy” rating in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average price target of $235.85.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 35,493 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the completion of the sale, the chief operating officer now owns 390,059 shares of the company’s stock, valued at $87,377,116.59. This represents a 8.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 108,136 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total value of $24,184,616.40. Following the sale, the chief executive officer now owns 3,280,295 shares in the company, valued at $733,637,976.75. The trade was a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 182,451 shares of company stock valued at $40,818,720. Insiders own 0.06% of the company’s stock.

About Apple

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.