Peoples Financial Services CORP. Has $11.92 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Peoples Financial Services CORP. lessened its position in Apple Inc. (NASDAQ:AAPL) by 2.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,908 shares of the iPhone maker’s stock after selling 1,290 shares during the period. Apple makes up 5.2% of Peoples Financial Services CORP.’s holdings, making the stock its 2nd largest position. Peoples Financial Services CORP.’s holdings in Apple were worth $11,919,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Conservest Capital Advisors Inc. increased its holdings in shares of Apple by 0.3% during the 3rd quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock valued at $2,877,000 after acquiring an additional 55 shares during the last quarter. High Pines Wealth Management LLC boosted its position in Apple by 0.7% during the fourth quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock worth $1,638,000 after purchasing an additional 58 shares during the period. Kraft Davis & Associates LLC grew its holdings in Apple by 0.9% during the third quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock valued at $1,155,000 after purchasing an additional 59 shares during the last quarter. Asset Planning Corporation raised its position in shares of Apple by 1.0% in the fourth quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock valued at $1,181,000 after purchasing an additional 59 shares during the period. Finally, Columbus Macro LLC raised its position in shares of Apple by 0.5% in the fourth quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock valued at $2,120,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on AAPL. The Goldman Sachs Group raised their target price on shares of Apple from $223.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Barclays reaffirmed an “underweight” rating and issued a $158.00 price target on shares of Apple in a research report on Tuesday. Piper Sandler Companies cut Apple to a “neutral” rating and cut their price objective for the stock from $220.00 to $205.00 in a research report on Thursday, January 4th. Robert W. Baird raised their target price on Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, January 29th. Finally, Oppenheimer reiterated an “outperform” rating and set a $200.00 price target on shares of Apple in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $203.05.

Apple Stock Down 0.3 %

NASDAQ:AAPL opened at $169.30 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $199.62. The stock’s fifty day simple moving average is $173.04 and its 200-day simple moving average is $181.79. The firm has a market capitalization of $2.61 trillion, a P/E ratio of 26.37, a P/E/G ratio of 2.04 and a beta of 1.27.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The firm had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.88 earnings per share. Equities research analysts expect that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a $0.24 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 0.57%. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Insiders Place Their Bets

In related news, CFO Luca Maestri sold 53,194 shares of the company’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total value of $9,262,139.28. Following the completion of the sale, the chief financial officer now owns 107,788 shares in the company, valued at approximately $18,768,046.56. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Luca Maestri sold 53,194 shares of the business’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total value of $9,262,139.28. Following the completion of the transaction, the chief financial officer now directly owns 107,788 shares in the company, valued at approximately $18,768,046.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy D. Cook sold 99,183 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the sale, the chief executive officer now owns 3,377,407 shares in the company, valued at $574,260,512.21. The disclosure for this sale can be found here. Over the last three months, insiders have sold 366,271 shares of company stock worth $63,653,887. Company insiders own 0.06% of the company’s stock.

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.