Apple Inc. (NASDAQ:AAPL) Stock Position Increased by Fulton Bank N.A.

Fulton Bank N.A. increased its stake in Apple Inc. (NASDAQ:AAPL) by 0.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 289,970 shares of the iPhone maker’s stock after buying an additional 395 shares during the period. Apple accounts for about 2.6% of Fulton Bank N.A.’s holdings, making the stock its 10th largest holding. Fulton Bank N.A.’s holdings in Apple were worth $67,563,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AAPL. China Universal Asset Management Co. Ltd. grew its stake in shares of Apple by 127.4% in 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 buying an additional 42,282 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Apple by 0.9% in the 1st quarter. Blue Trust Inc. now owns 128,418 shares of the iPhone maker’s stock worth $22,021,000 after buying an additional 1,106 shares during the last quarter. Peterson Wealth Services grew its stake in shares of Apple by 1.8% in the 1st quarter. Peterson Wealth Services now owns 96,257 shares of the iPhone maker’s stock worth $16,506,000 after buying an additional 1,688 shares during the last quarter. Fairhaven Wealth Management LLC boosted its stake in Apple by 17.9% during the 1st quarter. Fairhaven Wealth Management LLC now owns 79,503 shares of the iPhone maker’s stock valued at $13,633,000 after purchasing an additional 12,097 shares during the last quarter. Finally, KFA Private Wealth Group LLC boosted its stake in Apple by 6.0% during the 1st quarter. KFA Private Wealth Group LLC now owns 29,304 shares of the iPhone maker’s stock valued at $5,025,000 after purchasing an additional 1,648 shares during the last quarter. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on AAPL shares. The Goldman Sachs Group increased their target price on Apple from $265.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Oppenheimer reiterated a “buy” rating and set a $250.00 target price on shares of Apple in a research note on Tuesday, October 1st. Bank of America reiterated a “buy” rating and set a $256.00 target price on shares of Apple in a research note on Thursday, October 3rd. Monness Crespi & Hardt reiterated a “buy” rating and set a $245.00 target price on shares of Apple in a research note on Monday, September 9th. Finally, Raymond James increased their target price on Apple from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Two investment 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.25.

Apple Stock Up 0.6 %

NASDAQ AAPL opened at $229.87 on Friday. The stock’s 50 day moving average is $227.73 and its 200 day moving average is $217.81. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The stock has a market cap of $3.47 trillion, a PE ratio of 37.81, a P/E/G ratio of 2.24 and a beta of 1.24.

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

Apple Announces Dividend

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

Insider Buying and Selling

In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total value of $13,550,347.80. Following the sale, the chief operating officer now owns 489,944 shares of the company’s stock, valued at $111,148,695.84. The trade was a 10.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the sale, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 408,170 shares of company stock valued at $92,007,745. Corporate 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.