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

Fulton Bank N.A. increased its holdings in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 276,010 shares of the iPhone maker’s stock after acquiring an additional 3,862 shares during the period. 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Reyes Financial Architecture Inc. raised its holdings in shares of Apple by 0.4% in the third quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker’s stock valued at $2,520,000 after buying an additional 37 shares during the last quarter. American Alpha Advisors LLC raised its stake in shares of Apple by 3.7% in the third quarter. American Alpha Advisors LLC now owns 1,151 shares of the iPhone maker’s stock worth $293,000 after acquiring an additional 41 shares during the last quarter. Capstone Wealth Management LLC lifted its position in shares of Apple by 0.5% during the third quarter. Capstone Wealth Management LLC now owns 8,537 shares of the iPhone maker’s stock worth $2,174,000 after purchasing an additional 42 shares in the last quarter. Seven Springs Wealth Group LLC lifted its position in shares of Apple by 0.3% during the third quarter. Seven Springs Wealth Group LLC now owns 15,451 shares of the iPhone maker’s stock worth $3,934,000 after purchasing an additional 42 shares in the last quarter. Finally, Avant Capital LLC grew its stake in shares of Apple by 0.9% during the third quarter. Avant Capital LLC now owns 4,814 shares of the iPhone maker’s stock valued at $1,226,000 after purchasing an additional 43 shares during the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Apple from $315.00 to $325.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Citigroup reaffirmed a “buy” rating and set a $315.00 price target (down from $330.00) on shares of Apple in a research note on Tuesday, January 20th. Raymond James Financial reaffirmed a “market perform” rating on shares of Apple in a research note on Friday, January 2nd. Royal Bank Of Canada set a $325.00 target price on shares of Apple in a report on Monday, February 2nd. Finally, DA Davidson restated a “neutral” rating and issued a $270.00 price objective on shares of Apple in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average price target of $297.58.

View Our Latest Report on AAPL

Apple Trading Down 1.6%

Shares of Apple stock opened at $248.80 on Friday. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $288.62. The company has a quick ratio of 0.94, a current ratio of 0.97 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 stock 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 issued its earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $0.17. Apple had a net margin of 27.04% and a return on equity of 159.94%. The business had revenue of $143.76 billion for the quarter, compared to the consensus estimate of $138.25 billion. During the same period in the previous year, the company earned $2.40 earnings per share. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities research analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

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

About Apple

(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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