First National Corp MA ADV Has $15.69 Million Holdings in Apple Inc. (NASDAQ:AAPL)

First National Corp MA ADV increased its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,325 shares of the iPhone maker’s stock after acquiring an additional 159 shares during the period. Apple comprises approximately 3.5% of First National Corp MA ADV’s investment portfolio, making the stock its 8th largest holding. First National Corp MA ADV’s holdings in Apple were worth $15,687,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Hershey Financial Advisers LLC acquired a new stake in Apple during the 2nd quarter valued at $42,000. Hoese & Co LLP raised its position in shares of Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after purchasing an additional 57 shares during the period. Sage Financial Group Inc. acquired a new stake in shares of Apple during the 2nd quarter worth about $206,000. Benchmark Wealth Management LLC bought a new stake in shares of Apple during the 2nd quarter worth about $208,000. Finally, SMH Capital Advisors Inc. bought a new stake in shares of Apple during the 2nd quarter worth about $209,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Apple Trading Up 0.9 %

AAPL stock opened at $235.06 on Wednesday. The firm has a fifty day moving average price of $228.43 and a 200 day moving average price of $219.01. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $237.49. The firm has a market cap of $3.55 trillion, a PE ratio of 38.66, a price-to-earnings-growth ratio of 2.25 and a beta of 1.24. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter last year, the firm earned $1.46 EPS. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. Sell-side analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid 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 0.43%. Apple’s dividend payout ratio is 16.45%.

Insider Transactions at Apple

In related news, insider Chris Kondo sold 4,130 shares of the business’s 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 owns 15,419 shares in the company, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Luca Maestri sold 59,305 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $226.52, for a total value of $13,433,768.60. Following the transaction, the chief financial officer now owns 107,788 shares in the company, valued at $24,416,137.76. The trade was a 35.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 408,170 shares of company stock worth $92,007,745. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AAPL. Jefferies Financial Group downgraded Apple from a “buy” rating to a “hold” rating and upped their target price for the company from $205.00 to $212.92 in a research report on Monday, October 7th. Moffett Nathanson decreased their price objective on Apple from $211.00 to $202.00 and set a “neutral” rating on the stock in a report on Tuesday, November 19th. New Street Research reissued a “neutral” rating and set a $225.00 target price on shares of Apple in a report on Wednesday, September 25th. Oppenheimer reissued a “buy” rating and issued a $250.00 target price on shares of Apple in a research report on Tuesday, October 1st. Finally, Citigroup raised their price target on shares of Apple to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $235.25.

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.