Kennebec Savings Bank Has $7.90 Million Position in Apple Inc. (NASDAQ:AAPL)

Kennebec Savings Bank cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 33,703 shares of the iPhone maker’s stock after selling 744 shares during the period. Apple makes up 8.0% of Kennebec Savings Bank’s holdings, making the stock its biggest holding. Kennebec Savings Bank’s holdings in Apple were worth $7,900,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Drystone LLC purchased a new stake in shares of Apple during the fourth quarter valued at about $25,000. Bull Oak Capital LLC raised its stake in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in Apple during the third quarter valued at approximately $71,000. Christopher J. Hasenberg Inc boosted its stake in Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after acquiring an additional 144 shares in the last quarter. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in Apple in the third quarter valued at approximately $77,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on AAPL shares. Needham & Company LLC reiterated a “buy” rating and set a $260.00 price objective on shares of Apple in a report on Friday, January 31st. Maxim Group increased their price target on Apple to $215.00 and gave the company a “hold” rating in a research note on Friday, February 21st. DA Davidson set a $290.00 price target on Apple in a report on Friday, January 31st. Monness Crespi & Hardt upped their price objective on shares of Apple to $245.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $262.00 target price on shares of Apple in a research note on Monday, January 27th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $243.65.

Apple Stock Up 1.0 %

Apple stock opened at $223.85 on Friday. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The stock has a market capitalization of $3.36 trillion, a PE ratio of 35.53, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The business has a 50 day simple moving average of $230.94 and a 200-day simple moving average of $233.28.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) 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%. On average, analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

Apple Company 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.