Apple Inc. (NASDAQ:AAPL) Shares Sold by Bank of New Hampshire

Bank of New Hampshire reduced its stake in Apple Inc. (NASDAQ:AAPL) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,403 shares of the iPhone maker’s stock after selling 2,805 shares during the quarter. Apple comprises approximately 5.2% of Bank of New Hampshire’s portfolio, making the stock its biggest holding. Bank of New Hampshire’s holdings in Apple were worth $20,135,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AAPL. Bull Oak Capital LLC boosted its position in shares of Apple by 252.3% in 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 $42,000. Christopher J. Hasenberg Inc grew its stake in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after buying an additional 144 shares during the period. SPX Gestao de Recursos Ltda acquired a new stake in shares of Apple during the 3rd quarter worth $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new position in shares of Apple in the 3rd quarter worth $77,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AAPL shares. JPMorgan Chase & Co. lifted their price objective on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Morgan Stanley increased their target price on Apple from $273.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. KeyCorp reiterated an “underweight” rating and issued a $200.00 price objective on shares of Apple in a report on Friday, January 31st. StockNews.com lowered Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Moffett Nathanson reiterated a “sell” rating and set a $188.00 target price (down from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $242.52.

Insider Buying and Selling at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.06% of the company’s stock.

Apple Stock Up 1.3 %

Shares of Apple stock opened at $244.60 on Tuesday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The stock has a 50 day moving average price of $240.70 and a two-hundred day moving average price of $231.75. The stock has a market capitalization of $3.67 trillion, a P/E ratio of 38.83, a PEG ratio of 2.32 and a beta of 1.20.

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

Apple Announces Dividend

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

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.