Mascoma Wealth Management LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 5.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,544 shares of the iPhone maker's stock after selling 1,321 shares during the period. Apple makes up approximately 1.3% of Mascoma Wealth Management LLC's portfolio, making the stock its 17th biggest holding. Mascoma Wealth Management LLC's holdings in Apple were worth $5,253,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in shares of Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker's stock worth $219,829,700,000 after acquiring an additional 93,886,664 shares during the period. Strategic Financial Concepts LLC boosted its position in Apple by 14,145.8% during the second quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker's stock worth $1,603,000 after purchasing an additional 7,558,826 shares in the last quarter. Pathway Financial Advisers LLC grew its holdings in Apple by 22,870.6% in the third quarter. Pathway Financial Advisers LLC now owns 5,590,588 shares of the iPhone maker's stock valued at $1,302,607,000 after purchasing an additional 5,566,250 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of Apple in the second quarter valued at $834,368,000. Finally, National Pension Service raised its stake in shares of Apple by 14.0% during the 3rd quarter. National Pension Service now owns 27,882,996 shares of the iPhone maker's stock worth $6,496,738,000 after buying an additional 3,416,922 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.
Wall Street Analyst Weigh In
AAPL has been the subject of several recent research reports. Piper Sandler restated a "neutral" rating and set a $225.00 target price on shares of Apple in a report on Wednesday, October 9th. Bank of America reissued a "buy" rating and set a $256.00 price objective on shares of Apple in a research note on Friday, January 3rd. Jefferies Financial Group cut Apple from a "buy" rating to a "hold" rating and increased their target price for the company from $205.00 to $212.92 in a report on Monday, October 7th. KeyCorp downgraded Apple from a "sector weight" rating to an "underweight" rating and set a $200.00 price target for the company. in a research report on Friday, October 25th. Finally, Evercore ISI restated a "buy" rating and issued a $250.00 price objective on shares of Apple in a research report on Thursday, September 26th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $239.85.
Get Our Latest Report on AAPL
Insider Buying and Selling at Apple
In related news, insider Chris Kondo sold 4,130 shares of the company's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now directly owns 15,419 shares of the company's stock, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction 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 trade represents a 20.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.
Apple Stock Up 0.8 %
Shares of AAPL stock traded up $1.72 on Monday, hitting $229.98. The stock had a trading volume of 68,239,505 shares, compared to its average volume of 41,481,172. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $260.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The firm has a market capitalization of $3.48 trillion, a price-to-earnings ratio of 37.83, a P/E/G ratio of 2.32 and a beta of 1.20. The stock's 50 day moving average is $241.01 and its 200-day moving average is $230.79.
Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. The company had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. Apple's revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.46 EPS. As a group, research analysts expect that Apple Inc. will post 7.43 earnings per share for the current year.
Apple Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.43%. Apple's dividend payout ratio is presently 16.45%.
Apple Profile
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Free Report)
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.
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