Fidelity D & D Bancorp Inc. Sells 108 Shares of Apple Inc. (NASDAQ:AAPL)

Fidelity D & D Bancorp Inc. decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,879 shares of the iPhone maker’s stock after selling 108 shares during the period. Apple accounts for about 1.5% of Fidelity D & D Bancorp Inc.’s holdings, making the stock its 17th largest holding. Fidelity D & D Bancorp Inc.’s holdings in Apple were worth $2,302,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bull Oak Capital LLC raised its stake in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares in the last quarter. Hershey Financial Advisers LLC purchased a new position in shares of Apple during the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc grew its holdings in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares during the period. Teachers Insurance & Annuity Association of America bought a new position in shares of Apple in the 3rd quarter worth approximately $77,000. Finally, ARK Investment Management LLC purchased a new position in shares of Apple in the 3rd quarter valued at approximately $110,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Activity

In other Apple news, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the sale, the insider now owns 15,419 shares in the company, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Apple Stock Performance

AAPL opened at $244.60 on Friday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The company has a market cap of $3.67 trillion, a price-to-earnings ratio of 38.83, a PEG 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. The company’s 50 day moving average is $240.70 and its 200 day moving average is $231.59.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, equities research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is 15.87%.

Analyst Ratings Changes

A number of equities analysts have issued reports on AAPL shares. Evercore ISI increased their price objective on Apple from $250.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Citigroup lifted their price target on shares of Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 31st. UBS Group restated a “neutral” rating and issued a $236.00 price objective on shares of Apple in a report on Monday, December 2nd. Loop Capital lowered shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 target price for the company. in a report on Tuesday, January 21st. Finally, StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.