Enterprise Bank & Trust Co Buys 3,194 Shares of Apple Inc. (NASDAQ:AAPL)

Enterprise Bank & Trust Co grew its stake in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,203 shares of the iPhone maker’s stock after purchasing an additional 3,194 shares during the period. Apple makes up 5.2% of Enterprise Bank & Trust Co’s investment portfolio, making the stock its 4th biggest holding. Enterprise Bank & Trust Co’s holdings in Apple were worth $14,479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Howard Financial Services LTD. raised its holdings in shares of Apple by 26.2% in the 4th quarter. Howard Financial Services LTD. now owns 103,548 shares of the iPhone maker’s stock worth $19,936,000 after acquiring an additional 21,502 shares during the last quarter. Defined Wealth Management LLC grew its position in Apple by 1.0% in the 4th quarter. Defined Wealth Management LLC now owns 10,479 shares of the iPhone maker’s stock worth $2,018,000 after purchasing an additional 105 shares in the last quarter. First International Bank & Trust grew its position in Apple by 2.1% in the 4th quarter. First International Bank & Trust now owns 5,847 shares of the iPhone maker’s stock worth $1,126,000 after purchasing an additional 121 shares in the last quarter. Sage Capital Advisors llc grew its position in shares of Apple by 0.5% during the 4th quarter. Sage Capital Advisors llc now owns 179,148 shares of the iPhone maker’s stock valued at $34,491,000 after acquiring an additional 967 shares during the period. Finally, Daymark Wealth Partners LLC grew its position in shares of Apple by 1.2% during the 4th quarter. Daymark Wealth Partners LLC now owns 823,553 shares of the iPhone maker’s stock valued at $158,559,000 after acquiring an additional 10,098 shares during the period. Institutional investors and hedge funds own 58.51% of the company’s stock.

Insiders Place Their Bets

In other news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the completion of the transaction, the director now directly owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.06% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AAPL. Citigroup restated a “buy” rating and set a $225.00 price target on shares of Apple in a research note on Friday, February 16th. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 target price on shares of Apple in a research note on Friday, February 2nd. Rosenblatt Securities reiterated a “neutral” rating and issued a $189.00 target price on shares of Apple in a research note on Tuesday, March 5th. Wedbush reiterated an “outperform” rating and issued a $250.00 target price on shares of Apple in a research note on Thursday. Finally, Robert W. Baird lifted their price objective on shares of Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $205.27.

Read Our Latest Stock Analysis on AAPL

Apple Stock Up 0.5 %

Shares of AAPL opened at $172.28 on Friday. The stock has a market capitalization of $2.66 trillion, a PE ratio of 26.83, a P/E/G ratio of 2.07 and a beta of 1.29. Apple Inc. has a 1 year low of $155.98 and a 1 year high of $199.62. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The company’s 50-day simple moving average is $182.26 and its 200-day simple moving average is $182.88.

Apple (NASDAQ:AAPLGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The firm had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. During the same period last year, the company earned $1.88 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Analysts forecast that Apple Inc. will post 6.55 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s dividend payout ratio is currently 14.95%.

About Apple

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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