Bath Savings Trust Co Has $74.60 Million Stock Holdings in Apple Inc. $AAPL

Bath Savings Trust Co decreased its position in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 274,422 shares of the iPhone maker’s stock after selling 2,873 shares during the period. Apple accounts for 7.4% of Bath Savings Trust Co’s holdings, making the stock its biggest position. Bath Savings Trust Co’s holdings in Apple were worth $74,604,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Apple in the 2nd quarter worth $38,942,255,000. Nuveen LLC acquired a new position in Apple during the 1st quarter valued at about $17,472,482,000. PKS Advisory Services LLC increased its position in Apple by 98,917.0% during the 2nd quarter. PKS Advisory Services LLC now owns 57,956,620 shares of the iPhone maker’s stock valued at $12,106,000 after buying an additional 57,898,088 shares in the last quarter. Laurel Wealth Advisors LLC raised its stake in Apple by 20,464.8% in the second quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker’s stock valued at $5,553,753,000 after buying an additional 26,937,401 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Apple by 13.3% in the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after buying an additional 20,079,472 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Oppenheimer reissued a “market perform” rating on shares of Apple in a report on Friday, January 30th. CLSA increased their price objective on shares of Apple from $265.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. UBS Group reiterated a “neutral” rating on shares of Apple in a research note on Wednesday, March 4th. Evercore reissued an “outperform” rating on shares of Apple in a research report on Monday, March 2nd. Finally, Stifel Nicolaus set a $330.00 price target on shares of Apple in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $297.58.

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Apple Stock Up 0.7%

Shares of AAPL stock opened at $255.63 on Thursday. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $288.62. The firm has a market capitalization of $3.75 trillion, a PE ratio of 32.32, a P/E/G ratio of 2.41 and a beta of 1.11. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.94 and a current ratio of 0.97. The stock’s 50-day simple moving average is $260.36 and its 200-day simple moving average is $263.13.

Apple (NASDAQ:AAPLGet Free Report) last released its earnings results on Thursday, January 29th. The iPhone maker reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $0.17. The firm had revenue of $143.76 billion during the quarter, compared to the consensus estimate of $138.25 billion. Apple had a return on equity of 159.94% and a net margin of 27.04%.The company’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.40 earnings per share. Equities analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date was Monday, February 9th. Apple’s payout ratio is presently 13.15%.

About Apple

(Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

Further Reading

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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