First Community Trust NA Has $11.94 Million Stock Holdings in Apple Inc. $AAPL

First Community Trust NA reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,176 shares of the iPhone maker’s stock after selling 51 shares during the quarter. Apple comprises 9.7% of First Community Trust NA’s holdings, making the stock its biggest position. First Community Trust NA’s holdings in Apple were worth $11,936,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Insight Wealth Strategies LLC increased its stake in Apple by 2.5% during the 2nd quarter. Insight Wealth Strategies LLC now owns 37,946 shares of the iPhone maker’s stock worth $7,886,000 after purchasing an additional 936 shares in the last quarter. Retirement Wealth Solutions LLC lifted its holdings in Apple by 3.7% during the 2nd quarter. Retirement Wealth Solutions LLC now owns 2,201 shares of the iPhone maker’s stock valued at $452,000 after purchasing an additional 78 shares during the last quarter. Greenfield Savings Bank lifted its holdings in shares of Apple by 0.5% during the second quarter. Greenfield Savings Bank now owns 66,337 shares of the iPhone maker’s stock worth $13,610,000 after buying an additional 315 shares in the last quarter. Nova Wealth Management Inc. lifted its holdings in shares of Apple by 5.9% during the second quarter. Nova Wealth Management Inc. now owns 6,012 shares of the iPhone maker’s stock worth $1,233,000 after buying an additional 334 shares in the last quarter. Finally, OMNI 360 Wealth Inc. lifted its holdings in shares of Apple by 5.4% during the second quarter. OMNI 360 Wealth Inc. now owns 18,327 shares of the iPhone maker’s stock worth $3,760,000 after buying an additional 941 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Apple Trading Down 0.5%

Shares of NASDAQ:AAPL opened at $237.88 on Friday. The company has a market cap of $3.53 trillion, a P/E ratio of 36.10, a PEG ratio of 2.48 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10. The stock’s fifty day moving average price is $223.66 and its 200-day moving average price is $212.35.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. Apple had a return on equity of 170.91% and a net margin of 24.30%.The firm had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. During the same period in the prior year, the company posted $1.40 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Sell-side analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were issued a $0.26 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Apple’s dividend payout ratio is currently 15.78%.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $223.20, for a total value of $7,772,047.20. Following the transaction, the senior vice president owned 136,687 shares of the company’s stock, valued at approximately $30,508,538.40. This represents a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a research note on Friday, July 25th. Tigress Financial upped their target price on Apple from $300.00 to $305.00 and gave the stock a “strong-buy” rating in a research report on Wednesday. Sanford C. Bernstein initiated coverage on shares of Apple in a research note on Monday. They issued an “outperform” rating and a $290.00 target price for the company. Evercore ISI raised their target price on Apple from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 10th. Finally, Wedbush restated an “outperform” rating and issued a $270.00 target price on shares of Apple in a research report on Tuesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $241.93.

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.