First Community Trust NA Has $13.66 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

First Community Trust NA cut its holdings in Apple Inc. (NASDAQ:AAPL) by 1.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,608 shares of the iPhone maker’s stock after selling 775 shares during the period. Apple accounts for approximately 11.2% of First Community Trust NA’s portfolio, making the stock its biggest holding. First Community Trust NA’s holdings in Apple were worth $13,656,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. China Universal Asset Management Co. Ltd. grew its holdings in shares of Apple by 127.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock worth $12,943,000 after purchasing an additional 42,282 shares in the last quarter. Independent Family Office LLC boosted its stake in Apple by 3.9% during the first quarter. Independent Family Office LLC now owns 6,529 shares of the iPhone maker’s stock worth $1,120,000 after buying an additional 244 shares in the last quarter. M3 Advisory Group LLC increased its holdings in Apple by 15.3% in the 1st quarter. M3 Advisory Group LLC now owns 14,007 shares of the iPhone maker’s stock valued at $2,402,000 after buying an additional 1,860 shares during the period. Caprock Group LLC raised its stake in shares of Apple by 1.8% in the 1st quarter. Caprock Group LLC now owns 299,940 shares of the iPhone maker’s stock valued at $51,434,000 after buying an additional 5,431 shares in the last quarter. Finally, Forbes Financial Planning Inc. raised its stake in shares of Apple by 4.0% in the 1st quarter. Forbes Financial Planning Inc. now owns 22,660 shares of the iPhone maker’s stock valued at $3,886,000 after buying an additional 865 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on AAPL shares. Robert W. Baird lifted their target price on shares of Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Maxim Group lifted their price objective on Apple from $203.00 to $215.00 and gave the company a “hold” rating in a report on Friday, November 1st. The Goldman Sachs Group increased their target price on Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Oppenheimer reiterated a “buy” rating and issued a $250.00 price target on shares of Apple in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $235.51.

Apple Stock Up 1.3 %

Shares of Apple stock opened at $228.02 on Tuesday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The business has a fifty day simple moving average of $227.18 and a 200 day simple moving average of $217.00. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The stock has a market cap of $3.45 trillion, a PE ratio of 37.50, a price-to-earnings-growth ratio of 2.20 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. The company had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.46 EPS. Research analysts predict that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple’s dividend payout ratio is 16.45%.

Insider Activity

In related news, SVP Katherine L. Adams sold 61,019 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the sale, the senior vice president now directly owns 187,043 shares of the company’s stock, valued at approximately $42,309,126.60. This represents a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the completion of the transaction, the chief operating officer now directly owns 489,944 shares in the company, valued at approximately $111,148,695.84. The trade was a 10.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 404,040 shares of company stock valued at $91,062,512 in the last quarter. Company insiders own 0.06% of the company’s stock.

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.