Seed Wealth Management Inc. Has $2.07 Million Stake in Apple Inc. $AAPL

Seed Wealth Management Inc. decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,086 shares of the iPhone maker’s stock after selling 223 shares during the period. Apple comprises 1.5% of Seed Wealth Management Inc.’s portfolio, making the stock its 18th largest holding. Seed Wealth Management Inc.’s holdings in Apple were worth $2,069,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Burkett Financial Services LLC increased its holdings in Apple by 0.6% in the first quarter. Burkett Financial Services LLC now owns 14,401 shares of the iPhone maker’s stock worth $3,199,000 after buying an additional 93 shares during the last quarter. Avid Wealth Partners LLC increased its holdings in Apple by 28.3% in the first quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock worth $935,000 after buying an additional 930 shares during the last quarter. Bell & Brown Wealth Advisors LLC increased its holdings in Apple by 0.4% in the first quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock worth $13,772,000 after buying an additional 240 shares during the last quarter. OneAscent Wealth Management LLC increased its holdings in Apple by 4.6% in the fourth quarter. OneAscent Wealth Management LLC now owns 9,332 shares of the iPhone maker’s stock worth $2,337,000 after buying an additional 409 shares during the last quarter. Finally, Andina Capital Management LLC increased its holdings in Apple by 209.2% in the first quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock worth $1,507,000 after buying an additional 4,591 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other news, SVP Deirdre O’brien sold 34,821 shares of the firm’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $223.20, for a total value of $7,772,047.20. Following the completion of the sale, the senior vice president directly owned 136,687 shares in the company, valued at approximately $30,508,538.40. This trade represents a 20.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

AAPL has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on Apple from $255.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Rosenblatt Securities increased their price objective on Apple from $223.00 to $241.00 and gave the stock a “neutral” rating in a report on Wednesday, September 10th. Phillip Securities downgraded Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 price target on the stock. in a report on Thursday, September 11th. Melius Research set a $290.00 price target on Apple and gave the company a “buy” rating in a report on Wednesday, September 10th. Finally, Monness Crespi & Hardt increased their price target on Apple from $245.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average target price of $247.51.

Apple Stock Up 0.7%

Shares of AAPL stock opened at $257.13 on Friday. The stock has a market cap of $3.82 trillion, a P/E ratio of 39.02, a price-to-earnings-growth ratio of 2.48 and a beta of 1.09. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The stock has a fifty day moving average price of $232.20 and a 200 day moving average price of $214.38. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, topping the consensus estimate of $1.43 by $0.14. The firm had revenue of $94.04 billion during the quarter, compared to analysts’ expectations of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.Apple’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the business earned $1.40 earnings per share. Analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were paid a $0.26 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s dividend payout ratio (DPR) is 15.78%.

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.