Apple Inc. (NASDAQ:AAPL) Stake Trimmed by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services lessened its stake in Apple Inc. (NASDAQ:AAPL) by 0.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,033 shares of the iPhone maker’s stock after selling 345 shares during the quarter. Apple makes up about 4.1% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 2nd largest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Apple were worth $17,538,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. Bull Oak Capital LLC increased its position in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after acquiring an additional 111 shares during the last quarter. Hershey Financial Advisers LLC purchased a new stake in shares of Apple during the second quarter valued at about $42,000. Christopher J. Hasenberg Inc increased its holdings in shares of Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after acquiring an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple during the third quarter valued at about $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple during the third quarter valued at about $77,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In related news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AAPL has been the topic of several research reports. Argus upgraded shares of Apple to a “strong-buy” rating in a report on Friday, January 31st. Rosenblatt Securities reaffirmed a “buy” rating and issued a $262.00 price target on shares of Apple in a research note on Monday, January 27th. Moffett Nathanson reissued a “sell” rating and issued a $188.00 price objective (down from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Evercore ISI upped their target price on Apple to $260.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Finally, Barclays increased their price target on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $243.88.

Apple Trading Up 1.9 %

NASDAQ:AAPL opened at $241.76 on Monday. The stock’s 50 day moving average price is $239.60 and its 200 day moving average price is $233.75. The company has a market capitalization of $3.63 trillion, a PE ratio of 38.37, a P/E/G ratio of 2.44 and a beta of 1.20. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple Inc. has a 52-week low of $164.07 and a 52-week high of $260.10.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, research analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. Apple’s dividend payout ratio (DPR) is presently 15.87%.

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.