Mascoma Wealth Management LLC Cuts Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Mascoma Wealth Management LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 10.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,632 shares of the iPhone maker’s stock after selling 3,022 shares during the quarter. Apple accounts for about 1.5% of Mascoma Wealth Management LLC’s portfolio, making the stock its 14th largest position. Mascoma Wealth Management LLC’s holdings in Apple were worth $5,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Kingdom Financial Group LLC. increased its position in shares of Apple by 5.5% during the third quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock worth $1,963,000 after acquiring an additional 598 shares during the period. RFG Advisory LLC increased its holdings in Apple by 13.6% in the third quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock valued at $29,589,000 after buying an additional 20,737 shares during the last quarter. Headinvest LLC increased its holdings in Apple by 1.7% in the third quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock valued at $9,236,000 after buying an additional 872 shares during the last quarter. Sound Income Strategies LLC increased its holdings in Apple by 16.1% in the fourth quarter. Sound Income Strategies LLC now owns 75,110 shares of the iPhone maker’s stock valued at $14,461,000 after buying an additional 10,425 shares during the last quarter. Finally, DNB Asset Management AS increased its holdings in Apple by 6.9% in the fourth quarter. DNB Asset Management AS now owns 4,307,068 shares of the iPhone maker’s stock valued at $829,240,000 after buying an additional 279,311 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Trading Down 0.3 %

Shares of Apple stock opened at $169.30 on Friday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $199.62. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. The stock has a market cap of $2.61 trillion, a PE ratio of 26.37, a price-to-earnings-growth ratio of 2.05 and a beta of 1.27. The company has a 50-day moving average of $173.04 and a two-hundred day moving average of $181.81.

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, beating analysts’ consensus estimates of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. During the same period last year, the company posted $1.88 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, research analysts anticipate that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 0.57%. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Insider Buying and Selling at Apple

In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the transaction, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, COO Jeffrey E. Williams sold 59,162 shares of the firm’s stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $172.22, for a total transaction of $10,188,879.64. Following the completion of the transaction, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at approximately $84,378,155.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the transaction, the senior vice president now directly owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 366,271 shares of company stock valued at $63,653,887. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on AAPL shares. Citigroup reissued a “buy” rating and issued a $225.00 target price on shares of Apple in a report on Friday, February 16th. Piper Sandler dropped their target price on Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Piper Sandler Companies lowered Apple to a “neutral” rating and dropped their target price for the company from $220.00 to $205.00 in a report on Thursday, January 4th. UBS Group restated a “hold” rating and issued a $190.00 price objective on shares of Apple in a research note on Monday, March 25th. Finally, Wedbush restated an “outperform” rating and issued a $250.00 price objective on shares of Apple in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $203.05.

About Apple

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.