Apple Inc. $AAPL Stock Position Reduced by Bank of New Hampshire

Bank of New Hampshire trimmed its position in Apple Inc. (NASDAQ:AAPL) by 3.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,202 shares of the iPhone maker’s stock after selling 2,642 shares during the quarter. Apple comprises 4.2% of Bank of New Hampshire’s investment portfolio, making the stock its biggest position. Bank of New Hampshire’s holdings in Apple were worth $18,130,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AAPL. Ryan Investment Management Inc. acquired a new position in shares of Apple in the 2nd quarter valued at $31,000. ROSS JOHNSON & Associates LLC raised its holdings in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after buying an additional 180 shares during the period. Nexus Investment Management ULC raised its holdings in Apple by 333.3% in the 2nd quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock valued at $53,000 after buying an additional 200 shares during the period. Elite Financial Inc. acquired a new position in Apple in the first quarter valued at about $58,000. Finally, LSV Asset Management purchased a new position in Apple during the fourth quarter worth about $65,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Tigress Financial boosted their price target on shares of Apple from $300.00 to $305.00 and gave the company a “strong-buy” rating in a research note on Wednesday, September 17th. Rosenblatt Securities boosted their target price on Apple from $241.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Wall Street Zen lowered Apple from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Monness Crespi & Hardt lifted their price objective on Apple from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, Robert W. Baird set a $300.00 target price on Apple in a research note on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $283.92.

Insider Activity at Apple

In other news, SVP Katherine L. Adams sold 47,125 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total transaction of $12,101,228.75. Following the sale, the senior vice president owned 179,158 shares of the company’s stock, valued at approximately $46,005,982.82. This trade represents a 20.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $247.39, for a total value of $1,038,790.61. Following the sale, the chief financial officer owned 8,765 shares of the company’s stock, valued at approximately $2,168,373.35. The trade was a 32.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 228,052 shares of company stock worth $58,604,588 over the last three months. Company insiders own 0.06% of the company’s stock.

Apple Stock Down 1.0%

AAPL stock opened at $271.84 on Thursday. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $288.62. The company’s 50 day moving average price is $269.23 and its 200 day moving average price is $238.57. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.86 and a current ratio of 0.89. The firm has a market capitalization of $4.02 trillion, a price-to-earnings ratio of 36.39, a PEG ratio of 2.57 and a beta of 1.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, October 30th. The iPhone maker reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. Apple had a net margin of 26.92% and a return on equity of 164.05%. The company had revenue of $102.47 billion for the quarter, compared to the consensus estimate of $101.65 billion. During the same period in the prior year, the firm posted $1.64 EPS. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 10th were paid a $0.26 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Apple’s dividend payout ratio (DPR) is currently 13.92%.

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.