Piscataqua Savings Bank Has $9.86 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Piscataqua Savings Bank cut its holdings in Apple Inc. (NASDAQ:AAPL) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,390 shares of the iPhone maker’s stock after selling 582 shares during the quarter. Apple comprises about 8.5% of Piscataqua Savings Bank’s investment portfolio, making the stock its biggest holding. Piscataqua Savings Bank’s holdings in Apple were worth $9,864,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. AMF Tjanstepension AB raised its holdings in Apple by 21.1% during the third quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock valued at $787,631,000 after buying an additional 588,427 shares in the last quarter. Czech National Bank increased its holdings in shares of Apple by 12.8% during the 3rd quarter. Czech National Bank now owns 3,097,244 shares of the iPhone maker’s stock valued at $721,658,000 after acquiring an additional 350,505 shares during the last quarter. Abacus Wealth Partners LLC raised its stake in shares of Apple by 22.1% in the 3rd quarter. Abacus Wealth Partners LLC now owns 46,161 shares of the iPhone maker’s stock valued at $10,756,000 after acquiring an additional 8,352 shares in the last quarter. Duncan Williams Asset Management LLC lifted its holdings in Apple by 187.4% in the 3rd quarter. Duncan Williams Asset Management LLC now owns 33,363 shares of the iPhone maker’s stock worth $7,773,000 after purchasing an additional 21,755 shares during the last quarter. Finally, Moody National Bank Trust Division boosted its position in Apple by 7.5% during the third quarter. Moody National Bank Trust Division now owns 160,653 shares of the iPhone maker’s stock worth $37,432,000 after purchasing an additional 11,213 shares during the period. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Down 0.5 %

Shares of NASDAQ AAPL opened at $214.10 on Friday. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The stock’s fifty day simple moving average is $232.19 and its two-hundred day simple moving average is $233.33. The stock has a market capitalization of $3.22 trillion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.47%. Apple’s dividend payout ratio is currently 15.87%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AAPL. KeyCorp reiterated an “underweight” rating and set a $200.00 price target on shares of Apple in a report on Friday, January 31st. TD Cowen reiterated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Morgan Stanley reduced their price target on shares of Apple from $275.00 to $252.00 and set an “overweight” rating for the company in a report on Wednesday, March 12th. DA Davidson set a $290.00 price objective on shares of Apple in a report on Friday, January 31st. Finally, Bank of America lifted their target price on Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $243.65.

Apple Company 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.