First National Bank of Mount Dora Trust Investment Services Purchases 2,766 Shares of Apple Inc. (AAPL)
First National Bank of Mount Dora Trust Investment Services increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 8.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,987 shares of the iPhone maker’s stock after acquiring an additional 2,766 shares during the quarter. Apple comprises approximately 2.7% of First National Bank of Mount Dora Trust Investment Services’ investment portfolio, making the stock its 10th biggest holding. First National Bank of Mount Dora Trust Investment Services’ holdings in Apple were worth $5,393,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in Apple during the 2nd quarter worth approximately $400,000. Blue Sky Asset Management LLC acquired a new stake in Apple during the 2nd quarter worth approximately $108,000. FNY Managed Accounts LLC raised its holdings in Apple by 852.4% during the 2nd quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock worth $115,000 after buying an additional 716 shares during the period. Hefty Wealth Partners raised its holdings in Apple by 27.6% during the 2nd quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock worth $115,000 after buying an additional 174 shares during the period. Finally, Armbruster Capital Management Inc. raised its holdings in Apple by 9.4% during the 2nd quarter. Armbruster Capital Management Inc. now owns 911 shares of the iPhone maker’s stock worth $131,000 after buying an additional 78 shares during the period. 59.62% of the stock is currently owned by institutional investors and hedge funds.
Apple Inc. (NASDAQ:AAPL) opened at $174.35 on Thursday. The firm has a market cap of $896,142.81, a price-to-earnings ratio of 18.97, a P/E/G ratio of 1.40 and a beta of 1.22. Apple Inc. has a fifty-two week low of $114.76 and a fifty-two week high of $177.20. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.
In other Apple news, SVP Johny Srouji sold 5,760 shares of Apple stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $174.40, for a total transaction of $1,004,544.00. Following the completion of the transaction, the senior vice president now directly owns 81,560 shares of the company’s stock, valued at $14,224,064. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Angela J. Ahrendts sold 63,388 shares of Apple stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 232,967 shares of company stock worth $37,944,683. 0.08% of the stock is owned by corporate insiders.
Several analysts have commented on the stock. Vetr upgraded shares of Apple from a “buy” rating to a “strong-buy” rating and set a $173.06 target price on the stock in a report on Friday, September 22nd. Rosenblatt Securities restated a “hold” rating and set a $150.00 target price on shares of Apple in a report on Sunday, October 15th. Citigroup restated a “buy” rating and set a $200.00 target price (up from $170.00) on shares of Apple in a report on Friday, November 3rd. They noted that the move was a valuation call. UBS set a $190.00 target price on shares of Apple and gave the stock a “buy” rating in a report on Monday, December 4th. Finally, Bank of America restated a “buy” rating and set a $180.00 target price on shares of Apple in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, forty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $197.22.
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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