Apple Inc. (NASDAQ:AAPL) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. trimmed its position in Apple Inc. (NASDAQ:AAPL) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 284,124 shares of the iPhone maker’s stock after selling 5,949 shares during the period. Apple makes up approximately 2.4% of Fulton Bank N.A.’s holdings, making the stock its 10th biggest holding. Fulton Bank N.A.’s holdings in Apple were worth $54,702,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kingdom Financial Group LLC. lifted its stake in shares of Apple by 5.5% during the third quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock worth $1,963,000 after buying an additional 598 shares during the period. RFG Advisory LLC lifted its stake in shares of Apple by 13.6% during the third quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock worth $29,589,000 after buying an additional 20,737 shares during the period. Headinvest LLC lifted its stake in shares of Apple by 1.7% during the third quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock worth $9,236,000 after buying an additional 872 shares during the period. DNB Asset Management AS lifted its stake in shares of Apple by 6.9% during the fourth quarter. DNB Asset Management AS now owns 4,307,068 shares of the iPhone maker’s stock worth $829,240,000 after buying an additional 279,311 shares during the period. Finally, Private Wealth Partners LLC lifted its stake in shares of Apple by 3.8% during the third quarter. Private Wealth Partners LLC now owns 673,349 shares of the iPhone maker’s stock worth $115,284,000 after buying an additional 24,634 shares during the period. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Down 0.3 %

Shares of NASDAQ AAPL opened at $169.30 on Monday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $199.62. The stock has a market cap of $2.61 trillion, a PE ratio of 26.37, a P/E/G ratio of 2.04 and a beta of 1.27. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. The company has a 50-day moving average of $173.04 and a 200 day moving average of $181.83.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.09. The company had revenue of $119.60 billion during the quarter, compared to analysts’ expectations of $117.99 billion. Apple had a net margin of 26.16% and a return on equity of 156.04%. Apple’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.88 EPS. As a group, sell-side analysts predict that Apple Inc. will post 6.54 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a $0.24 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.96 annualized dividend and a yield of 0.57%. Apple’s payout ratio is 14.95%.

Insider Buying and Selling at Apple

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following 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 Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the transaction, the director now directly owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 99,183 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the completion of the transaction, the chief executive officer now owns 3,377,407 shares in the company, valued at $574,260,512.21. The disclosure for this sale can be found here. Insiders have sold 366,271 shares of company stock worth $63,653,887 in the last ninety days. 0.06% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AAPL shares. Wedbush restated an “outperform” rating and set a $250.00 target price on shares of Apple in a research report on Tuesday, April 9th. Redburn Partners downgraded shares of Apple to a “neutral” rating and set a $200.00 target price for the company. in a research report on Wednesday, January 10th. Needham & Company LLC restated a “buy” rating and set a $220.00 target price on shares of Apple in a research report on Tuesday, April 16th. UBS Group restated a “hold” rating and set a $190.00 target price on shares of Apple in a research report on Monday, March 25th. Finally, Piper Sandler decreased their target price on shares of Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average price target of $203.05.

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.