Apple Inc. (NASDAQ:AAPL) is Cape Cod Five Cents Savings Bank’s 6th Largest Position

Cape Cod Five Cents Savings Bank lessened its stake in Apple Inc. (NASDAQ:AAPL) by 2.9% in the third quarter, Holdings Channel reports. The fund owned 155,544 shares of the iPhone maker’s stock after selling 4,720 shares during the quarter. Apple makes up about 3.4% of Cape Cod Five Cents Savings Bank’s holdings, making the stock its 6th biggest holding. Cape Cod Five Cents Savings Bank’s holdings in Apple were worth $36,242,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AAPL. Groupama Asset Managment boosted its stake in shares of Apple by 7.0% during the 3rd quarter. Groupama Asset Managment now owns 1,056,473 shares of the iPhone maker’s stock valued at $246,000 after buying an additional 68,719 shares during the last quarter. Roffman Miller Associates Inc. PA grew its position in shares of Apple by 2.3% during the third quarter. Roffman Miller Associates Inc. PA now owns 498,412 shares of the iPhone maker’s stock worth $116,130,000 after buying an additional 11,363 shares in the last quarter. MML Investors Services LLC grew its position in shares of Apple by 4.1% during the third quarter. MML Investors Services LLC now owns 2,257,626 shares of the iPhone maker’s stock worth $526,027,000 after buying an additional 88,998 shares in the last quarter. Montchanin Asset Management LLC grew its position in shares of Apple by 0.4% during the third quarter. Montchanin Asset Management LLC now owns 84,407 shares of the iPhone maker’s stock worth $19,667,000 after buying an additional 363 shares in the last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Apple during the third quarter worth approximately $750,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Trading Up 2.2 %

Shares of AAPL opened at $232.62 on Wednesday. The stock has a market capitalization of $3.49 trillion, a P/E ratio of 36.92, a P/E/G ratio of 2.32 and a beta of 1.20. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $260.10. The business’s 50-day moving average price is $241.02 and its 200 day moving average price is $231.20.

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

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Monday, February 10th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

Insider Activity

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was 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 directly owns 389,944 shares in the company, valued at $97,474,301.68. This represents a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AAPL. The Goldman Sachs Group raised their price target on shares of Apple from $280.00 to $294.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Wedbush reissued an “outperform” rating and set a $325.00 price target on shares of Apple in a research report on Thursday, January 23rd. TD Cowen restated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Bank of America raised their price objective on Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, Sanford C. Bernstein raised their price objective on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $242.52.

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.