Canandaigua National Trust Co of Florida Increases Stake in Apple Inc. (NASDAQ:AAPL)

Canandaigua National Trust Co of Florida raised its stake in shares of Apple Inc. (NASDAQ:AAPL) by 29.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,246 shares of the iPhone maker’s stock after purchasing an additional 3,433 shares during the period. Apple accounts for about 3.0% of Canandaigua National Trust Co of Florida’s portfolio, making the stock its 7th biggest position. Canandaigua National Trust Co of Florida’s holdings in Apple were worth $3,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bull Oak Capital LLC increased its position in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares during the period. Hershey Financial Advisers LLC bought a new stake in Apple during the 2nd quarter valued at $42,000. Christopher J. Hasenberg Inc lifted its holdings in shares of Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after buying an additional 144 shares during the period. SPX Gestao de Recursos Ltda bought a new position in shares of Apple during the 3rd quarter worth $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new position in shares of Apple during the third quarter valued at $77,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.06% of the stock is owned by company insiders.

Apple Stock Performance

NASDAQ AAPL opened at $244.60 on Tuesday. The company has a fifty day moving average of $240.70 and a two-hundred day moving average of $231.75. The company has a market capitalization of $3.67 trillion, a PE ratio of 38.83, a P/E/G ratio of 2.32 and a beta of 1.20. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping 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, analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.41%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is presently 15.87%.

Analyst Ratings Changes

Several brokerages have issued reports on AAPL. TD Cowen reiterated a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Wedbush reissued an “outperform” rating and set a $325.00 price objective on shares of Apple in a report on Thursday, January 23rd. Jefferies Financial Group lowered Apple from a “hold” rating to an “underperform” rating and lowered their target price for the stock from $211.84 to $200.75 in a report on Thursday, January 30th. Barclays lifted 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. Finally, The Goldman Sachs Group upped their price objective on Apple from $280.00 to $294.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $242.52.

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.