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

Fulton Bank N.A. trimmed its stake in Apple Inc. (NASDAQ:AAPL – Get Rating) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 312,744 shares of the iPhone maker’s stock after selling 2,796 shares during the quarter. Apple comprises about 2.3% of Fulton Bank N.A.’s holdings, making the stock its 9th biggest position. Fulton Bank N.A.’s holdings in Apple were worth $40,635,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Wealthspire Advisors LLC grew its holdings in shares of Apple by 42.8% during the second quarter. Wealthspire Advisors LLC now owns 299,829 shares of the iPhone maker’s stock valued at $40,993,000 after buying an additional 89,865 shares during the last quarter. Eagle Bay Advisors LLC grew its holdings in shares of Apple by 35.7% during the second quarter. Eagle Bay Advisors LLC now owns 25,608 shares of the iPhone maker’s stock valued at $3,501,000 after buying an additional 6,735 shares during the last quarter. Callan Capital LLC grew its holdings in shares of Apple by 1.6% during the second quarter. Callan Capital LLC now owns 85,226 shares of the iPhone maker’s stock valued at $11,652,000 after buying an additional 1,322 shares during the last quarter. Bennett Selby Investments LP grew its holdings in shares of Apple by 0.3% during the third quarter. Bennett Selby Investments LP now owns 151,793 shares of the iPhone maker’s stock valued at $20,978,000 after buying an additional 450 shares during the last quarter. Finally, Blueshift Asset Management LLC acquired a new position in shares of Apple during the third quarter valued at about $563,000. 57.60% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Performance

Apple stock opened at $155.00 on Friday. The firm’s 50 day simple moving average is $146.64 and its 200 day simple moving average is $145.41. The company has a current ratio of 0.94, a quick ratio of 0.89 and a debt-to-equity ratio of 1.76. The firm has a market capitalization of $2.45 trillion, a PE ratio of 26.32, a price-to-earnings-growth ratio of 2.02 and a beta of 1.30. Apple Inc. has a 1-year low of $124.17 and a 1-year high of $179.61.

Apple (NASDAQ:AAPL – Get Rating) last posted its earnings results on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.05). The firm had revenue of $117.15 billion for the quarter, compared to the consensus estimate of $121.67 billion. Apple had a return on equity of 163.45% and a net margin of 24.56%. The business’s revenue was down 5.5% on a year-over-year basis. During the same period last year, the company posted $2.10 EPS. As a group, analysts expect that Apple Inc. will post 6.04 earnings per share for the current fiscal year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 16th. Investors of record on Monday, February 13th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Friday, February 10th. This is a positive change from Apple’s previous quarterly dividend of $0.17. Apple’s dividend payout ratio is 15.62%.

Analyst Ratings Changes

AAPL has been the subject of a number of analyst reports. JPMorgan Chase & Co. set a $175.00 price objective on shares of Apple in a report on Wednesday, March 1st. Bank of America boosted their price target on shares of Apple from $153.00 to $158.00 in a report on Friday, February 3rd. Canaccord Genuity Group cut their price target on shares of Apple from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, January 18th. Raymond James cut their price target on shares of Apple from $185.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, February 3rd. Finally, StockNews.com started coverage on shares of Apple in a report on Thursday. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $168.24.

About Apple

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Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.