Apple Inc. (NASDAQ:AAPL) Holdings Decreased by First United Bank & Trust

First United Bank & Trust trimmed its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,275 shares of the iPhone maker’s stock after selling 595 shares during the period. Apple comprises 3.6% of First United Bank & Trust’s investment portfolio, making the stock its 3rd largest position. First United Bank & Trust’s holdings in Apple were worth $9,835,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Bull Oak Capital LLC increased its stake in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares during the period. Hershey Financial Advisers LLC bought a new stake in shares of Apple in the 2nd quarter worth approximately $42,000. Christopher J. Hasenberg Inc grew its position in shares of Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after buying an additional 144 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new stake in shares of Apple in the 3rd quarter worth approximately $71,000. Finally, Teachers Insurance & Annuity Association of America bought a new stake in shares of Apple in the 3rd quarter worth approximately $77,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is owned by corporate insiders.

Apple Trading Down 4.8 %

Shares of NASDAQ:AAPL opened at $227.48 on Tuesday. The company has a market cap of $3.42 trillion, a P/E ratio of 36.11, a PEG 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. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The stock’s fifty day moving average price is $237.06 and its 200-day moving average price is $234.16.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results 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 return on equity of 160.83% and a net margin of 24.30%. Sell-side analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is currently 15.87%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AAPL. Monness Crespi & Hardt lifted their price objective on Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Citigroup lifted their price objective on Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Evercore ISI lifted their price objective on Apple to $260.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price objective on shares of Apple in a research report on Friday, January 31st. Finally, Moffett Nathanson reiterated a “sell” rating and issued a $188.00 price objective (down from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $243.88.

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.