Apple Inc. (NASDAQ:AAPL) Holdings Lowered by Piscataqua Savings Bank

Piscataqua Savings Bank reduced its position in Apple Inc. (NASDAQ:AAPL) by 0.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,007 shares of the iPhone maker’s stock after selling 339 shares during the period. Apple accounts for about 7.4% of Piscataqua Savings Bank’s investment portfolio, making the stock its 2nd biggest position. Piscataqua Savings Bank’s holdings in Apple were worth $7,895,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AAPL. Atlantic Private Wealth LLC bought a new stake in Apple during the first quarter worth approximately $30,000. Wyrmwood Management LLC increased its stake in Apple by 69.0% during the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after acquiring an additional 69 shares during the last quarter. Gilfoyle & Co LLC grew its stake in shares of Apple by 118.0% during the fourth quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock valued at $40,000 after buying an additional 118 shares during the last quarter. Summit Wealth Group LLC grew its stake in shares of Apple by 16,252.3% during the first quarter. Summit Wealth Group LLC now owns 6,992,420 shares of the iPhone maker’s stock valued at $42,000 after buying an additional 6,949,659 shares during the last quarter. Finally, HBC Financial Services PLLC grew its stake in shares of Apple by 21.7% during the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after buying an additional 80 shares during the last quarter. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AAPL has been the topic of a number of analyst reports. Monness Crespi & Hardt upped their target price on Apple from $189.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Redburn Partners cut Apple to a “neutral” rating and set a $200.00 target price on the stock. in a research note on Wednesday, January 10th. Wedbush reaffirmed an “outperform” rating and set a $250.00 target price on shares of Apple in a research note on Tuesday, April 9th. UBS Group reissued a “hold” rating and issued a $190.00 price objective on shares of Apple in a research note on Monday, March 25th. Finally, Redburn Atlantic cut Apple from a “buy” rating to a “neutral” rating and set a $200.00 price objective on the stock. in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $203.34.

Apple Trading Down 1.2 %

AAPL opened at $165.00 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The company’s 50 day simple moving average is $174.67 and its two-hundred day simple moving average is $182.04. Apple Inc. has a 1-year low of $162.80 and a 1-year high of $199.62. The firm has a market capitalization of $2.55 trillion, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 2.03 and a beta of 1.27.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, beating the consensus estimate of $2.09 by $0.09. The firm had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.88 EPS. Analysts expect that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s payout ratio is presently 14.95%.

Insider Activity

In related news, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the sale, the chief executive officer now owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the completion of the sale, the chief executive officer now owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 366,271 shares of company stock valued at $63,653,887. 0.06% of the stock is currently owned by company 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.