First International Bank & Trust Acquires 458 Shares of Apple Inc. (NASDAQ:AAPL)

First International Bank & Trust increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 8.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,215 shares of the iPhone maker’s stock after acquiring an additional 458 shares during the quarter. Apple comprises about 0.5% of First International Bank & Trust’s investment portfolio, making the stock its 22nd largest holding. First International Bank & Trust’s holdings in Apple were worth $1,448,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. China Universal Asset Management Co. Ltd. boosted its position in Apple by 127.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock worth $12,943,000 after buying an additional 42,282 shares during the period. ORBA Wealth Advisors L.L.C. lifted its position in shares of Apple by 0.7% in the 1st quarter. ORBA Wealth Advisors L.L.C. now owns 71,286 shares of the iPhone maker’s stock worth $12,224,000 after purchasing an additional 474 shares during the period. Rempart Asset Management Inc. lifted its position in shares of Apple by 34.8% during the 1st quarter. Rempart Asset Management Inc. now owns 10,980 shares of the iPhone maker’s stock valued at $1,883,000 after acquiring an additional 2,835 shares during the period. Avior Wealth Management LLC lifted its position in shares of Apple by 24.5% during the 1st quarter. Avior Wealth Management LLC now owns 207,788 shares of the iPhone maker’s stock valued at $35,615,000 after acquiring an additional 40,942 shares during the period. Finally, Shariaportfolio Inc. lifted its position in shares of Apple by 15.9% during the 1st quarter. Shariaportfolio Inc. now owns 4,961 shares of the iPhone maker’s stock valued at $851,000 after acquiring an additional 681 shares during the period. 60.41% of the stock is owned by institutional investors.

Insider Activity at Apple

In related news, COO Jeffrey E. Williams sold 59,730 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total value of $13,550,347.80. Following the completion of the transaction, the chief operating officer now directly owns 489,944 shares of the company’s stock, valued at $111,148,695.84. This trade represents a 10.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the sale, the chief executive officer now owns 3,280,180 shares in the company, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 408,170 shares of company stock valued at $92,007,745 in the last three months. 0.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on AAPL shares. Melius Research restated a “buy” rating and set a $265.00 price target on shares of Apple in a research note on Tuesday, August 27th. New Street Research reissued a “neutral” rating and issued a $225.00 price target on shares of Apple in a report on Wednesday, September 25th. StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Rosenblatt Securities increased their price target on shares of Apple from $261.00 to $262.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group increased their price target on shares of Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average price target of $235.25.

Apple Price Performance

AAPL stock opened at $228.44 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $3.45 trillion, a PE ratio of 37.57, a P/E/G ratio of 2.24 and a beta of 1.24. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.49. The business’s fifty day moving average price is $227.59 and its 200 day moving average price is $217.47.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $94.93 billion for the quarter, compared to the consensus estimate of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.46 EPS. On average, sell-side analysts anticipate that Apple Inc. will post 7.43 EPS for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

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.