Enterprise Bank & Trust Co Has $9.07 Million Stake in Apple Inc. (NASDAQ:AAPL)

Enterprise Bank & Trust Co cut its holdings in Apple Inc. (NASDAQ:AAPLGet Rating) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,344 shares of the iPhone maker’s stock after selling 4,101 shares during the period. Apple makes up 4.1% of Enterprise Bank & Trust Co’s portfolio, making the stock its 6th largest position. Enterprise Bank & Trust Co’s holdings in Apple were worth $9,071,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Donald L. Hagan LLC grew its holdings in shares of Apple by 0.3% during the first quarter. Donald L. Hagan LLC now owns 18,220 shares of the iPhone maker’s stock valued at $3,181,000 after buying an additional 61 shares during the last quarter. Goodwin Daniel L grew its holdings in shares of Apple by 0.5% during the first quarter. Goodwin Daniel L now owns 12,761 shares of the iPhone maker’s stock valued at $2,230,000 after buying an additional 62 shares during the last quarter. Opus Capital Group LLC grew its holdings in shares of Apple by 0.3% during the first quarter. Opus Capital Group LLC now owns 19,081 shares of the iPhone maker’s stock valued at $3,332,000 after buying an additional 63 shares during the last quarter. Norwood Financial Corp grew its holdings in shares of Apple by 0.9% during the first quarter. Norwood Financial Corp now owns 7,025 shares of the iPhone maker’s stock valued at $1,227,000 after buying an additional 65 shares during the last quarter. Finally, Investors Research Corp grew its holdings in shares of Apple by 0.4% during the first quarter. Investors Research Corp now owns 16,117 shares of the iPhone maker’s stock valued at $2,814,000 after buying an additional 66 shares during the last quarter. 57.72% of the stock is owned by institutional investors.

Insider Activity at Apple

In related news, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the completion of the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Katherine L. Adams sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total transaction of $4,119,250.00. Following the completion of the transaction, the senior vice president now directly owns 427,334 shares of the company’s stock, valued at $70,411,823.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Luca Maestri sold 96,735 shares of the firm’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AAPL shares. Credit Suisse Group set a $201.00 price target on shares of Apple in a report on Thursday, September 8th. Morgan Stanley lowered their price objective on shares of Apple from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 20th. Monness Crespi & Hardt began coverage on shares of Apple in a research report on Thursday, September 8th. They set a “buy” rating and a $174.00 price objective on the stock. Sanford C. Bernstein set a $170.00 price objective on shares of Apple in a research report on Monday, September 12th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $139.00 price objective on shares of Apple in a research report on Thursday, September 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average price target of $181.52.

Apple Stock Down 1.1 %

Shares of AAPL stock opened at $150.70 on Friday. The company has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 24.87, a PEG ratio of 1.97 and a beta of 1.23. Apple Inc. has a one year low of $129.04 and a one year high of $182.94. The company’s fifty day moving average price is $159.65 and its 200-day moving average price is $156.09. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.86 and a quick ratio of 0.82.

Apple (NASDAQ:AAPLGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The iPhone maker reported $1.20 EPS for the quarter, beating the consensus estimate of $1.14 by $0.06. The firm had revenue of $82.96 billion for the quarter, compared to the consensus estimate of $82.97 billion. Apple had a net margin of 25.71% and a return on equity of 152.97%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the firm earned $1.30 EPS. Sell-side analysts expect that Apple Inc. will post 6.11 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Monday, August 8th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, August 5th. This represents a $0.92 annualized dividend and a yield of 0.61%. Apple’s payout ratio is 15.18%.

Apple Profile

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Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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