Apple Inc. (NASDAQ:AAPL) is First Bancorp Inc ME’s 4th Largest Position

First Bancorp Inc ME reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 4.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 28,492 shares of the iPhone maker’s stock after selling 1,181 shares during the period. Apple comprises 4.9% of First Bancorp Inc ME’s investment portfolio, making the stock its 4th largest holding. First Bancorp Inc ME’s holdings in Apple were worth $7,135,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. O Connor Financial Group LLC increased its stake in shares of Apple by 1.2% in the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock worth $896,000 after purchasing an additional 41 shares during the period. 1620 Investment Advisors Inc. boosted its stake in Apple by 0.5% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock valued at $2,249,000 after purchasing an additional 45 shares during the period. Carolina Wealth Advisors LLC grew its holdings in Apple by 1.3% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock valued at $813,000 after buying an additional 46 shares during the last quarter. Menard Financial Group LLC increased its position in Apple by 0.4% in the 3rd quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock worth $2,848,000 after buying an additional 48 shares during the period. Finally, Hanseatic Management Services Inc. lifted its holdings in shares of Apple by 1.3% during the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock worth $945,000 after buying an additional 48 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on AAPL shares. Moffett Nathanson restated a “sell” rating and issued a $188.00 price target (down from $202.00) on shares of Apple in a research report on Tuesday, January 7th. Evercore ISI lifted their target price on Apple to $260.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Barclays upped their price target on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a report on Friday, January 31st. UBS Group lifted their price objective on Apple to $236.00 and gave the stock a “hold” rating in a report on Tuesday, February 25th. Finally, KeyCorp restated an “underweight” rating and issued a $200.00 target price on shares of Apple in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $243.22.

Apple Stock Up 0.2 %

NASDAQ:AAPL opened at $214.00 on Tuesday. Apple Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The stock has a market cap of $3.21 trillion, a price-to-earnings ratio of 33.97, a PEG ratio of 2.44 and a beta of 1.18. The stock has a 50-day moving average price of $233.90 and a two-hundred day moving average price of $233.71.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. As a group, equities analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is 15.87%.

About Apple

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.