Apple Inc. (NASDAQ:AAPL) is Citizens & Northern Corp's 7th Largest Position

Citizens & Northern Corp lifted its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,417 shares of the iPhone maker's stock after acquiring an additional 2,838 shares during the period. Apple accounts for about 4.1% of Citizens & Northern Corp's portfolio, making the stock its 7th biggest holding. Citizens & Northern Corp's holdings in Apple were worth $15,130,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in AAPL. Amara Financial LLC. bought a new stake in shares of Apple in the 3rd quarter worth about $288,000. Silicon Valley Capital Partners raised its stake in shares of Apple by 12.8% in the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker's stock valued at $59,122,000 after acquiring an additional 28,799 shares during the period. Catalyst Financial Partners LLC raised its position in Apple by 4.2% in the 3rd quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker's stock worth $22,505,000 after purchasing an additional 3,935 shares during the period. Vestcor Inc lifted its stake in shares of Apple by 10.1% during the 3rd quarter. Vestcor Inc now owns 375,539 shares of the iPhone maker's stock worth $87,501,000 after acquiring an additional 34,414 shares during the last quarter. Finally, 5th Street Advisors LLC lifted its position in shares of Apple by 32.9% during the third quarter. 5th Street Advisors LLC now owns 15,100 shares of the iPhone maker's stock worth $3,518,000 after purchasing an additional 3,736 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AAPL shares. Morgan Stanley decreased their price target on shares of Apple from $252.00 to $220.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group decreased their price objective on Apple from $259.00 to $256.00 and set a "buy" rating for the company in a report on Wednesday. Rosenblatt Securities reiterated a "buy" rating and set a $263.00 price target on shares of Apple in a research note on Thursday, April 3rd. Raymond James raised their price objective on Apple to $250.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. Finally, Sanford C. Bernstein lifted their price objective on shares of Apple from $240.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Apple presently has an average rating of "Moderate Buy" and a consensus price target of $233.88.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 38,822 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the completion of the transaction, the senior vice president now owns 179,158 shares of the company's stock, valued at $40,072,269.86. This represents a 17.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jeffrey E. Williams sold 35,493 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total value of $7,950,786.93. Following the completion of the transaction, the chief operating officer now owns 390,059 shares in the company, valued at approximately $87,377,116.59. This trade represents a 8.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 187,021 shares of company stock worth $41,760,140. 0.06% of the stock is owned by insiders.

Apple Trading Up 0.4 %

Shares of NASDAQ AAPL traded up $0.91 during trading on Friday, reaching $209.28. The stock had a trading volume of 38,183,408 shares, compared to its average volume of 56,813,393. The business's 50-day moving average price is $215.71 and its 200-day moving average price is $229.31. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a fifty-two week low of $169.11 and a fifty-two week high of $260.10. The company has a market cap of $3.14 trillion, a P/E ratio of 33.22, a PEG ratio of 2.44 and a beta of 1.26.

Apple (NASDAQ:AAPL - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, equities research analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Monday, February 10th. Apple's payout ratio is currently 15.87%.

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.