Greenfield Savings Bank Has $15.85 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Greenfield Savings Bank trimmed its position in Apple Inc. (NASDAQ:AAPL) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,035 shares of the iPhone maker’s stock after selling 533 shares during the quarter. Apple comprises approximately 7.5% of Greenfield Savings Bank’s holdings, making the stock its biggest position. Greenfield Savings Bank’s holdings in Apple were worth $15,852,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. grew its holdings in Apple by 127.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock valued at $12,943,000 after buying an additional 42,282 shares in the last quarter. Schulhoff & Co. Inc. boosted its position in shares of Apple by 0.4% during the first quarter. Schulhoff & Co. Inc. now owns 18,925 shares of the iPhone maker’s stock worth $3,245,000 after acquiring an additional 78 shares during the last quarter. Palisade Asset Management LLC boosted its position in shares of Apple by 6.4% during the first quarter. Palisade Asset Management LLC now owns 242,164 shares of the iPhone maker’s stock worth $41,526,000 after acquiring an additional 14,585 shares during the last quarter. Hollencrest Capital Management increased its holdings in Apple by 567.9% in the 1st quarter. Hollencrest Capital Management now owns 1,069,412 shares of the iPhone maker’s stock valued at $183,383,000 after acquiring an additional 909,303 shares during the last quarter. Finally, Main Street Research LLC increased its holdings in Apple by 3.0% in the 1st quarter. Main Street Research LLC now owns 346,552 shares of the iPhone maker’s stock valued at $59,427,000 after acquiring an additional 10,204 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Apple Stock Up 0.6 %

Apple stock opened at $229.87 on Friday. The firm has a market capitalization of $3.47 trillion, a P/E ratio of 37.81, a P/E/G ratio of 2.24 and a beta of 1.24. The stock’s fifty day simple moving average is $227.73 and its 200-day simple moving average is $218.06. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The company had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.46 EPS. As a group, equities analysts expect that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio is currently 16.45%.

Insider Transactions at Apple

In other news, CFO Luca Maestri sold 59,305 shares of the firm’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the sale, the chief financial officer now owns 107,788 shares in the company, valued at approximately $24,416,137.76. This trade represents a 35.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This trade represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 408,170 shares of company stock worth $92,007,745. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AAPL. Piper Sandler reaffirmed a “neutral” rating and set a $225.00 price target on shares of Apple in a research note on Wednesday, October 9th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $245.00 price target on shares of Apple in a report on Monday, September 9th. Evercore ISI reissued a “buy” rating and set a $250.00 price objective on shares of Apple in a research note on Thursday, September 26th. Oppenheimer restated a “buy” rating and set a $250.00 price objective on shares of Apple in a research report on Tuesday, October 1st. Finally, Moffett Nathanson dropped their target price on Apple from $211.00 to $202.00 and set a “neutral” rating for the company in a report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $235.25.

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.