Apple Inc. (NASDAQ:AAPL) Shares Bought by First National Trust Co

First National Trust Co increased its stake in Apple Inc. (NASDAQ:AAPL) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 595,623 shares of the iPhone maker’s stock after buying an additional 4,516 shares during the quarter. Apple makes up 5.6% of First National Trust Co’s holdings, making the stock its biggest position. First National Trust Co’s holdings in Apple were worth $149,156,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in AAPL. Drystone LLC bought a new stake in Apple in the 4th quarter valued at $25,000. Life Planning Partners Inc bought a new stake in Apple in the 4th quarter valued at $47,000. SPX Gestao de Recursos Ltda bought a new stake in Apple in the 3rd quarter valued at $71,000. Teachers Insurance & Annuity Association of America bought a new stake in Apple in the 3rd quarter valued at $77,000. Finally, Pillar Financial Advisors LLC bought a new stake in Apple in the 4th quarter valued at $82,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling

In other Apple news, insider Chris Kondo sold 4,486 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $208.19, for a total transaction of $933,940.34. Following the sale, the insider now directly owns 15,533 shares of the company’s stock, valued at $3,233,815.27. The trade was a 22.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Katherine L. Adams sold 38,822 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the sale, the senior vice president now directly owns 179,158 shares in the company, valued at $40,072,269.86. The trade was a 17.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 191,507 shares of company stock worth $42,694,080 in the last three months. 0.06% of the stock is owned by corporate insiders.

Apple Price Performance

AAPL stock opened at $195.27 on Friday. The company has a 50 day simple moving average of $205.04 and a 200 day simple moving average of $225.95. The stock has a market cap of $2.92 trillion, a price-to-earnings ratio of 31.00, a P/E/G ratio of 2.44 and a beta of 1.27. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.03. The business had revenue of $95.36 billion during the quarter, compared to analysts’ expectations of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 160.83%. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.53 EPS. Research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple announced that its board has authorized a share buyback program on Thursday, May 1st that allows the company to buyback $100.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to purchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.53%. This is a boost from Apple’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 12th. Apple’s dividend payout ratio is currently 16.20%.

Analysts Set New Price Targets

Several research analysts have weighed in on AAPL shares. Monness Crespi & Hardt lowered their price objective on Apple from $260.00 to $245.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Citigroup reiterated a “cautious” rating on shares of Apple in a research report on Monday, May 5th. Wedbush reiterated an “outperform” rating and set a $270.00 price objective on shares of Apple in a research report on Friday, May 16th. Maxim Group increased their price objective on Apple to $215.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Finally, Loop Capital lowered their price objective on Apple from $230.00 to $215.00 and set a “hold” rating on the stock in a research report on Wednesday, April 30th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $235.80.

About Apple

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.