Fulton Bank N.A. Has $75.04 Million Position in Apple Inc. $AAPL

Fulton Bank N.A. increased its stake in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 276,010 shares of the iPhone maker’s stock after acquiring an additional 3,862 shares during the quarter. Apple comprises approximately 2.6% of Fulton Bank N.A.’s holdings, making the stock its 8th largest holding. Fulton Bank N.A.’s holdings in Apple were worth $75,036,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Isthmus Partners LLC increased its holdings in shares of Apple by 6.4% during the 3rd quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker’s stock worth $25,000 after purchasing an additional 5,808 shares during the period. Sellwood Investment Partners LLC lifted its stake in shares of Apple by 110.9% in the third quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock valued at $34,000 after buying an additional 71 shares during the period. ROSS JOHNSON & Associates LLC grew its position in Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after buying an additional 180 shares in the last quarter. LSV Asset Management acquired a new stake in Apple during the fourth quarter worth about $65,000. Finally, 49 Wealth Management LLC increased its stake in Apple by 15.7% during the third quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker’s stock valued at $76,000 after acquiring an additional 40,543 shares during the period. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on AAPL. Moffett Nathanson upped their price target on Apple from $241.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Monness Crespi & Hardt boosted their price objective on Apple from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Stephens set a $315.00 target price on Apple in a research note on Monday, January 26th. KeyCorp reaffirmed a “sector weight” rating on shares of Apple in a research report on Thursday, March 12th. Finally, Barclays lifted their price target on shares of Apple from $239.00 to $248.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Apple has an average rating of “Moderate Buy” and an average target price of $297.58.

View Our Latest Analysis on AAPL

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

Apple Trading Down 1.6%

AAPL stock opened at $248.80 on Friday. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $288.62. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average is $260.24 and its 200-day moving average is $262.67. The firm has a market cap of $3.65 trillion, a P/E ratio of 31.45, a P/E/G ratio of 2.36 and a beta of 1.10.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings results on Thursday, January 29th. The iPhone maker reported $2.84 EPS for the quarter, beating the consensus estimate of $2.67 by $0.17. Apple had a return on equity of 159.94% and a net margin of 27.04%.The business had revenue of $143.76 billion for the quarter, compared to analyst estimates of $138.25 billion. During the same quarter in the previous year, the firm earned $2.40 EPS. Apple’s quarterly revenue was up 15.7% on a year-over-year basis. Equities analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, February 9th. Apple’s payout ratio is currently 13.15%.

Apple Profile

(Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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