Apple Inc. (NASDAQ:AAPL) Shares Sold by First Community Trust NA

First Community Trust NA reduced its stake in Apple Inc. (NASDAQ:AAPL) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,503 shares of the iPhone maker’s stock after selling 105 shares during the period. Apple accounts for about 10.5% of First Community Trust NA’s holdings, making the stock its biggest position. First Community Trust NA’s holdings in Apple were worth $14,650,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Angeles Wealth Management LLC increased its holdings in shares of Apple by 11.9% in the 2nd quarter. Angeles Wealth Management LLC now owns 119,751 shares of the iPhone maker’s stock valued at $25,222,000 after acquiring an additional 12,741 shares during the period. Blue Square Asset Management LLC grew its position in Apple by 14.7% during the 2nd quarter. Blue Square Asset Management LLC now owns 21,867 shares of the iPhone maker’s stock worth $4,606,000 after purchasing an additional 2,810 shares during the last quarter. Spectrum Wealth Advisory Group LLC increased its stake in Apple by 0.8% in the second quarter. Spectrum Wealth Advisory Group LLC now owns 26,009 shares of the iPhone maker’s stock valued at $5,478,000 after purchasing an additional 214 shares during the period. GEM Asset Management LLC raised its holdings in shares of Apple by 2.5% in the second quarter. GEM Asset Management LLC now owns 19,245 shares of the iPhone maker’s stock valued at $4,053,000 after buying an additional 471 shares during the last quarter. Finally, Kinsale Capital Group Inc. boosted its stake in shares of Apple by 23.5% during the second quarter. Kinsale Capital Group Inc. now owns 31,069 shares of the iPhone maker’s stock worth $6,544,000 after buying an additional 5,905 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Activity

In related news, COO Jeffrey E. Williams sold 100,000 shares of the 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 completion of the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. This represents a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AAPL. Monness Crespi & Hardt boosted their price target on Apple to $245.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $262.00 price objective on shares of Apple in a research note on Monday, January 27th. TD Cowen reiterated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Bank of America lifted their price objective on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company lifted their price target on Apple to $275.00 and gave the company a “buy” rating in a research note on Monday, December 9th. 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 issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $243.88.

Apple Stock Performance

Shares of AAPL stock opened at $247.04 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm has a market capitalization of $3.71 trillion, a price-to-earnings ratio of 39.21, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The company has a 50 day moving average price of $240.26 and a 200 day moving average price of $233.34.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Sell-side analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.40%. Apple’s dividend payout ratio (DPR) is 15.87%.

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.