Fidelity D & D Bancorp Inc. Sells 80 Shares of Apple Inc. (NASDAQ:AAPL)

Fidelity D & D Bancorp Inc. lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,987 shares of the iPhone maker’s stock after selling 80 shares during the quarter. Apple comprises approximately 1.6% of Fidelity D & D Bancorp Inc.’s holdings, making the stock its 17th largest holding. Fidelity D & D Bancorp Inc.’s holdings in Apple were worth $2,103,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AAPL. Fidelis Capital Partners LLC increased its holdings in Apple by 17.9% in the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock valued at $35,000 after buying an additional 31,278 shares during the period. Access Investment Management LLC bought a new stake in Apple in the first quarter valued at about $140,000. Hoese & Co LLP increased its stake in Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after acquiring an additional 57 shares during the period. Sage Financial Group Inc. bought a new position in Apple during the second quarter worth about $206,000. Finally, Benchmark Wealth Management LLC bought a new position in Apple during the second quarter worth about $208,000. 60.41% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group increased their target price on Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Morgan Stanley reissued an “overweight” rating and set a $273.00 price objective on shares of Apple in a report on Tuesday, September 10th. Maxim Group reaffirmed a “hold” rating and issued a $203.00 target price on shares of Apple in a report on Tuesday, September 10th. Rosenblatt Securities reiterated a “buy” rating and set a $261.00 target price on shares of Apple in a research report on Tuesday, September 10th. Finally, Monness Crespi & Hardt restated a “buy” rating and issued a $245.00 price target on shares of Apple in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $239.27.

Insiders Place Their Bets

In other news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now owns 191,543 shares in the company, valued at $39,542,136.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Apple news, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the transaction, the insider now owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the sale, the senior vice president now owns 191,543 shares in the company, valued at approximately $39,542,136.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 517,924 shares of company stock worth $114,786,399. Company insiders own 0.06% of the company’s stock.

Apple Stock Down 0.3 %

Shares of Apple stock opened at $235.86 on Wednesday. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.49. The business has a fifty day simple moving average of $226.46 and a 200 day simple moving average of $209.33. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The stock has a market cap of $3.62 trillion, a PE ratio of 36.68, a price-to-earnings-growth ratio of 2.40 and a beta of 1.24.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. The company had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. Apple’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.26 EPS. Research analysts predict that Apple Inc. will post 6.65 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, August 12th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, August 12th. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. Apple’s payout ratio is 15.55%.

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.