Bath Savings Trust Co Has $60.40 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Bath Savings Trust Co raised its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 286,777 shares of the iPhone maker’s stock after acquiring an additional 1,540 shares during the quarter. Apple makes up approximately 6.4% of Bath Savings Trust Co’s holdings, making the stock its biggest position. Bath Savings Trust Co’s holdings in Apple were worth $60,401,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in AAPL. Norges Bank bought a new position in shares of Apple during the 4th quarter worth approximately $33,912,466,000. Vanguard Group Inc. grew its stake in shares of Apple by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,318,064,349 shares of the iPhone maker’s stock valued at $253,766,929,000 after buying an additional 18,067,216 shares in the last quarter. Swedbank AB bought a new position in shares of Apple in the first quarter valued at $3,026,492,000. Global Assets Advisory LLC grew its stake in shares of Apple by 23,076.4% in the first quarter. Global Assets Advisory LLC now owns 9,240,214 shares of the iPhone maker’s stock valued at $1,584,512,000 after buying an additional 9,200,345 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in Apple by 158.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker’s stock valued at $1,977,582,000 after purchasing an additional 7,067,379 shares during the last quarter. 60.41% of the stock is owned by institutional investors.

Apple Stock Performance

NASDAQ:AAPL opened at $229.00 on Monday. The stock has a market cap of $3.51 trillion, a P/E ratio of 35.61, a price-to-earnings-growth ratio of 2.69 and a beta of 1.24. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The stock’s 50-day moving average is $221.88 and its 200-day moving average is $195.93. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $237.23.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.06. The company had revenue of $85.78 billion for the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.26 earnings per share. Equities research analysts anticipate that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s dividend payout ratio (DPR) is currently 15.55%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. TD Cowen raised their price target on Apple from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, July 29th. Barclays dropped their target price on Apple from $187.00 to $186.00 and set an “underweight” rating for the company in a report on Friday, August 2nd. Cfra lifted their target price on Apple from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. DA Davidson raised Apple from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $200.00 to $230.00 in a report on Tuesday, June 11th. Finally, Needham & Company LLC reissued a “buy” rating and set a $260.00 target price on shares of Apple in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus target price of $237.30.

Insider Transactions at Apple

In other news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the sale, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $216.50, for a total value of $1,121,037.00. Following the transaction, the insider now directly owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 113,884 shares of company stock worth $23,723,887. Insiders own 0.06% of the company’s stock.

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.