Apple Inc. (NASDAQ:AAPL) is Bank of New Hampshire’s Largest Position

Bank of New Hampshire cut its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 3.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 110,004 shares of the iPhone maker’s stock after selling 4,503 shares during the quarter. Apple accounts for 4.4% of Bank of New Hampshire’s portfolio, making the stock its biggest position. Bank of New Hampshire’s holdings in Apple were worth $15,040,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Joseph Group Capital Management bought a new position in shares of Apple in the 4th quarter worth approximately $1,631,000. Cardinal Capital Management Inc. grew its stake in shares of Apple by 5,525.0% in the 1st quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker’s stock worth $39,000 after buying an additional 221 shares during the last quarter. Shore Point Advisors LLC purchased a new stake in shares of Apple in the 4th quarter worth approximately $41,000. Spence Asset Management purchased a new stake in shares of Apple in the 2nd quarter worth approximately $49,000. Finally, Emerson Wealth LLC grew its stake in shares of Apple by 363.6% in the 1st quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock worth $71,000 after buying an additional 320 shares during the last quarter. 57.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Luca Maestri sold 96,735 shares of Apple stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total value of $16,923,788.25. Following the completion of the transaction, the chief financial officer now owns 110,673 shares in the company, valued at $19,362,241.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Apple news, CFO Luca Maestri sold 96,735 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the completion of the transaction, the chief financial officer now owns 110,673 shares in the company, valued at $19,362,241.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Katherine L. Adams sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the transaction, the senior vice president now owns 427,334 shares of the company’s stock, valued at approximately $70,411,823.18. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on AAPL. Sanford C. Bernstein set a $170.00 price target on Apple in a research note on Monday, September 12th. Evercore ISI upped their price target on Apple from $180.00 to $185.00 in a research note on Friday, July 29th. Itaú Unibanco began coverage on Apple in a research note on Tuesday, July 26th. They set an “underperform” rating and a $136.00 target price on the stock. Oppenheimer reiterated an “outperform” rating and set a $190.00 target price on shares of Apple in a research note on Wednesday, June 8th. Finally, Fundamental Research set a $177.07 target price on Apple and gave the company a “buy” rating in a research note on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus price target of $181.52.

Apple Trading Down 1.1 %

Shares of AAPL stock opened at $150.70 on Monday. Apple Inc. has a 12-month low of $129.04 and a 12-month high of $182.94. The company has a current ratio of 0.86, a quick ratio of 0.82 and a debt-to-equity ratio of 1.63. The stock’s 50-day moving average price is $159.65 and its 200-day moving average price is $156.02. The stock has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 1.95 and a beta of 1.23.

Apple (NASDAQ:AAPLGet Rating) last issued its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.06. The firm had revenue of $82.96 billion for the quarter, compared to analysts’ expectations of $82.97 billion. Apple had a return on equity of 152.97% and a net margin of 25.71%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.30 earnings per share. Equities research analysts predict that Apple Inc. will post 6.11 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Monday, August 8th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.92 annualized dividend and a yield of 0.61%. Apple’s dividend payout ratio is currently 15.18%.

About Apple

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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