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

First United Bank & Trust reduced its position in Apple Inc. (NASDAQ:AAPL) by 6.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 39,870 shares of the iPhone maker’s stock after selling 2,530 shares during the period. Apple accounts for about 3.3% of First United Bank & Trust’s holdings, making the stock its 4th biggest holding. First United Bank & Trust’s holdings in Apple were worth $9,290,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AAPL. Hershey Financial Advisers LLC purchased a new stake in shares of Apple in the second quarter valued at about $42,000. Christopher J. Hasenberg Inc increased its position in Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after acquiring an additional 144 shares during the period. Hoese & Co LLP increased its position in Apple by 6.7% in the 2nd quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after acquiring an additional 57 shares during the period. Sage Financial Group Inc. purchased a new stake in Apple during the 2nd quarter valued at approximately $206,000. Finally, Benchmark Wealth Management LLC acquired a new stake in Apple during the 2nd quarter worth approximately $208,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Evercore ISI restated a “buy” rating and set a $250.00 price target on shares of Apple in a research note on Thursday, September 26th. Bank of America raised their target price on shares of Apple to $256.00 and gave the stock a “buy” rating in a research note on Wednesday. Maxim Group boosted their price target on shares of Apple from $203.00 to $215.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Barclays reduced their price objective on shares of Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a research report on Friday, November 1st. Finally, Melius Research reiterated a “buy” rating and set a $265.00 target price on shares of Apple in a research report on Tuesday, August 27th. Two 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.68.

Apple Trading Down 0.1 %

Shares of AAPL opened at $242.84 on Friday. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $244.63. The firm has a market capitalization of $3.67 trillion, a P/E ratio of 39.94, a price-to-earnings-growth ratio of 2.38 and a beta of 1.23. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The stock’s fifty day simple moving average is $230.23 and its 200 day simple moving average is $221.05.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $94.52 billion. During the same period in the prior year, the firm posted $1.46 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. On average, equities research analysts forecast that Apple Inc. will post 7.43 earnings per share for the current 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 annualized dividend and a yield of 0.41%. Apple’s payout ratio is 16.45%.

Insider Buying and Selling at Apple

In related news, SVP Katherine L. Adams sold 61,019 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were 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 trade represents a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 408,170 shares of company stock valued at $92,007,745 over the last ninety days. Corporate insiders own 0.06% of the company’s stock.

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.