Apple Inc. (NASDAQ:AAPL) is First Financial Corp IN’s 4th Largest Position

First Financial Corp IN lifted its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 0.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 33,473 shares of the iPhone maker’s stock after buying an additional 101 shares during the quarter. Apple accounts for 3.1% of First Financial Corp IN’s portfolio, making the stock its 4th biggest position. First Financial Corp IN’s holdings in Apple were worth $4,626,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AAPL. Silver Lake Advisory LLC increased its stake in shares of Apple by 2.1% in the 3rd quarter. Silver Lake Advisory LLC now owns 4,979 shares of the iPhone maker’s stock worth $688,000 after acquiring an additional 104 shares in the last quarter. FAS Wealth Partners increased its stake in shares of Apple by 5.5% in the 3rd quarter. FAS Wealth Partners now owns 132,485 shares of the iPhone maker’s stock worth $18,309,000 after acquiring an additional 6,854 shares in the last quarter. Galibier Capital Management Ltd. increased its stake in shares of Apple by 19.2% in the 3rd quarter. Galibier Capital Management Ltd. now owns 8,055 shares of the iPhone maker’s stock worth $1,113,000 after acquiring an additional 1,300 shares in the last quarter. Stone Asset Management Inc. increased its stake in shares of Apple by 32.4% in the 3rd quarter. Stone Asset Management Inc. now owns 8,793 shares of the iPhone maker’s stock worth $1,215,000 after acquiring an additional 2,154 shares in the last quarter. Finally, Refined Wealth Management increased its stake in shares of Apple by 0.6% in the 3rd quarter. Refined Wealth Management now owns 11,196 shares of the iPhone maker’s stock worth $1,547,000 after acquiring an additional 70 shares in the last quarter. 57.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Deirdre O’brien sold 8,053 shares of the business’s stock in a transaction on Monday, October 17th. The shares were sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the completion of the sale, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at $19,414,510.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Luca Maestri sold 176,299 shares of the business’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the completion of the sale, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $17,259,454.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Deirdre O’brien sold 8,053 shares of the company’s stock in a transaction dated Monday, October 17th. The stock was sold at an average price of $142.45, for a total transaction of $1,147,149.85. Following the completion of the sale, the senior vice president now directly owns 136,290 shares of the company’s stock, valued at $19,414,510.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 204,552 shares of company stock valued at $31,645,123. 0.06% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on AAPL. Oppenheimer decreased their price target on shares of Apple from $190.00 to $170.00 and set an “outperform” rating for the company in a research note on Monday, December 12th. BNP Paribas lowered shares of Apple from an “outperform” rating to a “neutral” rating and set a $140.00 price objective for the company. in a research note on Tuesday, January 3rd. Evercore ISI raised their price objective on shares of Apple from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Tuesday, September 20th. Rosenblatt Securities restated a “buy” rating and set a $189.00 price objective on shares of Apple in a research note on Tuesday, November 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $170.00 price target on shares of Apple in a report on Tuesday, November 8th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average target price of $171.93.

Apple Trading Down 0.1 %

AAPL stock opened at $133.41 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95. Apple Inc. has a twelve month low of $124.17 and a twelve month high of $179.61. The stock has a market capitalization of $2.12 trillion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 1.68 and a beta of 1.24. The firm’s fifty day simple moving average is $139.41 and its two-hundred day simple moving average is $148.23.

Apple (NASDAQ:AAPLGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. Apple had a net margin of 25.31% and a return on equity of 160.90%. The business had revenue of $90.15 billion for the quarter, compared to analysts’ expectations of $88.77 billion. During the same quarter in the previous year, the business posted $1.24 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. As a group, analysts anticipate that Apple Inc. will post 6.19 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Friday, November 4th. Apple’s dividend payout ratio (DPR) is 15.06%.

Apple Profile

(Get Rating)

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; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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