Apple Inc. (NASDAQ:AAPL) is Greenfield Savings Bank’s Largest Position

Greenfield Savings Bank lowered its position in Apple Inc. (NASDAQ:AAPL) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,145 shares of the iPhone maker’s stock after selling 890 shares during the period. Apple makes up about 8.1% of Greenfield Savings Bank’s investment portfolio, making the stock its biggest position. Greenfield Savings Bank’s holdings in Apple were worth $16,814,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Bull Oak Capital LLC increased its stake in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares during the last quarter. Hershey Financial Advisers LLC acquired a new position in shares of Apple in the 2nd quarter valued at about $42,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of Apple during the 3rd quarter worth about $71,000. Christopher J. Hasenberg Inc increased its position in Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares in the last quarter. Finally, Teachers Insurance & Annuity Association of America purchased a new position in Apple in the third quarter valued at approximately $77,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $245.55 on Monday. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock’s 50-day moving average is $240.47 and its 200 day moving average is $232.88. The stock has a market cap of $3.69 trillion, a price-to-earnings ratio of 38.98, a P/E/G ratio of 2.44 and a beta of 1.20.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, sell-side analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is presently 15.87%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AAPL shares. Rosenblatt Securities reiterated a “buy” rating and issued a $262.00 price target on shares of Apple in a report on Monday, January 27th. Redburn Partners set a $230.00 target price on Apple in a research note on Friday, January 31st. UBS Group set a $270.00 price target on Apple in a research report on Friday, January 31st. Evercore ISI lifted their price objective on shares of Apple to $260.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Monness Crespi & Hardt boosted their target price on shares of Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average target price of $244.85.

Insider Activity at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.06% of the stock is currently owned by corporate 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.