Westhampton Capital LLC Sells 623 Shares of Apple Inc. (NASDAQ:AAPL)

Westhampton Capital LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 99,545 shares of the iPhone maker’s stock after selling 623 shares during the period. Apple makes up approximately 11.4% of Westhampton Capital LLC’s investment portfolio, making the stock its largest holding. Westhampton Capital LLC’s holdings in Apple were worth $19,165,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Kingdom Financial Group LLC. grew its holdings in Apple by 5.5% during the third quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock worth $1,963,000 after acquiring an additional 598 shares during the period. RFG Advisory LLC grew its holdings in Apple by 13.6% during the third quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock worth $29,589,000 after acquiring an additional 20,737 shares during the period. Headinvest LLC boosted its position in shares of Apple by 1.7% in the 3rd quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock valued at $9,236,000 after purchasing an additional 872 shares during the period. Tsfg LLC boosted its position in shares of Apple by 2.2% in the 3rd quarter. Tsfg LLC now owns 50,943 shares of the iPhone maker’s stock valued at $8,722,000 after purchasing an additional 1,091 shares during the period. Finally, Sound Income Strategies LLC boosted its position in shares of Apple by 16.1% in the 4th quarter. Sound Income Strategies LLC now owns 75,110 shares of the iPhone maker’s stock valued at $14,461,000 after purchasing an additional 10,425 shares during the period. 60.41% of the stock is owned by institutional investors and hedge funds.

Apple Stock Down 1.9 %

AAPL opened at $169.38 on Wednesday. The business has a 50 day moving average price of $176.00 and a 200 day moving average price of $182.31. Apple Inc. has a twelve month low of $162.80 and a twelve month high of $199.62. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The firm has a market cap of $2.62 trillion, a P/E ratio of 26.38, a price-to-earnings-growth ratio of 2.13 and a beta of 1.27.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The firm had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. During the same period in the previous year, the company earned $1.88 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Research analysts forecast that Apple Inc. will post 6.55 EPS for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.57%. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AAPL shares. Rosenblatt Securities reiterated a “neutral” rating and issued a $189.00 price target on shares of Apple in a research report on Tuesday, March 5th. The Goldman Sachs Group increased their price target on Apple from $223.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Piper Sandler Companies lowered Apple to a “neutral” rating and decreased their price target for the company from $220.00 to $205.00 in a research report on Thursday, January 4th. Barclays decreased their price target on Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a research report on Friday, February 2nd. Finally, Wedbush restated an “outperform” rating and set a $250.00 price objective on shares of Apple in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $204.08.

Insider Transactions at Apple

In other news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the transaction, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Luca Maestri sold 53,194 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the completion of the transaction, the chief financial officer now directly owns 107,788 shares in the company, valued at $18,768,046.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the transaction, the director now owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The disclosure for this sale can be found here. Insiders sold a total of 366,271 shares of company stock worth $63,653,887 over the last three months. 0.06% of the stock is currently owned by insiders.

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.