Apple Inc. (NASDAQ:AAPL) Stock Holdings Reduced by First National Corp MA ADV

First National Corp MA ADV reduced its stake in Apple Inc. (NASDAQ:AAPL) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,056 shares of the iPhone maker’s stock after selling 420 shares during the period. Apple accounts for about 3.6% of First National Corp MA ADV’s holdings, making the stock its 5th biggest position. First National Corp MA ADV’s holdings in Apple were worth $15,141,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in AAPL. Moneta Group Investment Advisors LLC increased its stake in Apple by 116,483.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock valued at $74,002,245,000 after purchasing an additional 569,066,184 shares during the last quarter. Norges Bank purchased a new position in Apple in the fourth quarter valued at approximately $21,746,940,000. Morgan Stanley boosted its holdings in shares of Apple by 14.2% in the fourth quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock valued at $27,110,586,000 after acquiring an additional 25,926,552 shares during the period. Berkshire Hathaway Inc boosted its holdings in shares of Apple by 2.3% in the first quarter. Berkshire Hathaway Inc now owns 915,560,382 shares of the iPhone maker’s stock valued at $150,975,907,000 after acquiring an additional 20,424,207 shares during the period. Finally, Providence Capital Advisors LLC boosted its holdings in shares of Apple by 16,638.6% in the first quarter. Providence Capital Advisors LLC now owns 15,593,974 shares of the iPhone maker’s stock valued at $94,566,000 after acquiring an additional 15,500,812 shares during the period. 58.51% of the stock is currently owned by hedge funds and other institutional investors.

Apple Trading Down 0.9 %

Shares of AAPL stock opened at $184.80 on Tuesday. Apple Inc. has a fifty-two week low of $124.17 and a fifty-two week high of $198.23. The stock has a market cap of $2.87 trillion, a P/E ratio of 30.20, a P/E/G ratio of 2.58 and a beta of 1.30. The business has a fifty day simple moving average of $176.38 and a 200-day simple moving average of $180.29. The company has a quick ratio of 0.94, a current ratio of 0.99 and a debt-to-equity ratio of 1.53.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.07. The firm had revenue of $89.50 billion during the quarter, compared to analysts’ expectations of $89.34 billion. Apple had a return on equity of 160.78% and a net margin of 25.31%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 EPS. On average, analysts forecast that Apple Inc. will post 6.55 earnings per share for the current fiscal year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, November 13th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Friday, November 10th. Apple’s dividend payout ratio is presently 15.69%.

Insider Buying and Selling

In related news, CEO Timothy D. Cook sold 240,569 shares of Apple stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $172.50, for a total transaction of $41,498,152.50. Following the completion of the sale, the chief executive officer now owns 3,280,053 shares in the company, valued at approximately $565,809,142.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Timothy D. Cook sold 240,569 shares of Apple stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $172.50, for a total transaction of $41,498,152.50. Following the completion of the sale, the chief executive officer now owns 3,280,053 shares in the company, valued at approximately $565,809,142.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Luca Maestri sold 31,685 shares of the firm’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $178.69, for a total value of $5,661,792.65. Following the completion of the sale, the chief financial officer now directly owns 107,661 shares in the company, valued at $19,237,944.09. The disclosure for this sale can be found here. In the last quarter, insiders sold 439,585 shares of company stock worth $76,485,550. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AAPL. StockNews.com began coverage on Apple in a report on Thursday, October 5th. They issued a “hold” rating for the company. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Apple in a report on Thursday, September 21st. Deutsche Bank Aktiengesellschaft increased their price objective on Apple from $180.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 24th. Oppenheimer decreased their price objective on Apple from $220.00 to $200.00 and set an “outperform” rating for the company in a report on Monday, October 30th. Finally, Raymond James increased their price target on Apple from $180.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, August 4th. Ten investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average target price of $197.82.

Apple 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.