Piscataqua Savings Bank bought a new position in shares of Apple Inc. (NASDAQ:AAPL) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 47,505 shares of the iPhone maker’s stock, valued at approximately $5,802,000. Apple comprises approximately 5.2% of Piscataqua Savings Bank’s investment portfolio, making the stock its 2nd largest position.
A number of other large investors have also bought and sold shares of the business. Altus Wealth Management LLC raised its stake in Apple by 1.1% in the fourth quarter. Altus Wealth Management LLC now owns 6,813 shares of the iPhone maker’s stock valued at $904,000 after buying an additional 77 shares during the period. Red Cedar Capital LLC boosted its stake in Apple by 0.5% in the 4th quarter. Red Cedar Capital LLC now owns 16,056 shares of the iPhone maker’s stock valued at $2,130,000 after purchasing an additional 80 shares during the period. Wilkins Investment Counsel Inc. boosted its position in shares of Apple by 4.6% in the fourth quarter. Wilkins Investment Counsel Inc. now owns 1,882 shares of the iPhone maker’s stock valued at $250,000 after acquiring an additional 82 shares during the period. Harborview Advisors LLC boosted its holdings in Apple by 0.4% in the 4th quarter. Harborview Advisors LLC now owns 20,936 shares of the iPhone maker’s stock valued at $2,778,000 after purchasing an additional 87 shares during the period. Finally, AlphaCore Capital LLC grew its position in Apple by 0.4% during the fourth quarter. AlphaCore Capital LLC now owns 23,981 shares of the iPhone maker’s stock worth $3,182,000 after buying an additional 88 shares in the last quarter. 57.77% of the stock is owned by hedge funds and other institutional investors.
Shares of Apple stock opened at $132.54 on Tuesday. The firm has a market cap of $2.23 trillion, a PE ratio of 40.66, a P/E/G ratio of 2.75 and a beta of 1.28. Apple Inc. has a 1 year low of $71.58 and a 1 year high of $145.09. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.36 and a quick ratio of 1.33. The stock has a fifty day moving average price of $127.85 and a 200-day moving average price of $125.92.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, April 27th. The iPhone maker reported $1.40 EPS for the quarter, topping the consensus estimate of $0.99 by $0.41. Apple had a net margin of 20.91% and a return on equity of 75.15%. The business had revenue of $89.58 billion for the quarter, compared to analyst estimates of $76.84 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The company’s revenue for the quarter was up 53.6% on a year-over-year basis. As a group, equities analysts anticipate that Apple Inc. will post 4.03 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 13th. Investors of record on Monday, May 10th will be paid a $0.22 dividend. This is an increase from Apple’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, May 7th. This represents a $0.88 annualized dividend and a yield of 0.66%. Apple’s dividend payout ratio is presently 25.00%.
In related news, SVP Deirdre O’brien sold 18,216 shares of Apple stock in a transaction dated Friday, April 16th. The stock was sold at an average price of $134.01, for a total value of $2,441,126.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 133,867 shares of the company’s stock in a transaction dated Monday, April 5th. The shares were sold at an average price of $125.74, for a total transaction of $16,832,436.58. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.
AAPL has been the topic of several analyst reports. The Goldman Sachs Group set a $130.00 target price on Apple and gave the stock a “neutral” rating in a report on Thursday, April 29th. Needham & Company LLC reiterated a “buy” rating and set a $170.00 price objective on shares of Apple in a research note on Wednesday, April 21st. Credit Suisse Group boosted their target price on shares of Apple from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Monday. Raymond James increased their price target on shares of Apple from $160.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, April 29th. Finally, Barclays boosted their price objective on shares of Apple from $136.00 to $138.00 and gave the company an “equal weight” rating in a research report on Thursday, April 29th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. Apple currently has an average rating of “Buy” and an average price target of $146.82.
Apple Company Profile
Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. 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, HomePod, iPod touch, and other Apple-branded and third-party accessories.
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