Community Bank of Raymore bought a new stake in Apple Inc. (NASDAQ:AAPL) in the third quarter, HoldingsChannel reports. The fund bought 1,137 shares of the iPhone maker’s stock, valued at approximately $255,000.
A number of other institutional investors have also added to or reduced their stakes in AAPL. Nuveen Asset Management LLC grew its position in Apple by 2,874.9% in the second quarter. Nuveen Asset Management LLC now owns 35,914,893 shares of the iPhone maker’s stock valued at $7,108,275,000 after purchasing an additional 34,707,634 shares in the last quarter. Thoroughbred Financial Services LLC grew its position in Apple by 19,949.3% in the second quarter. Thoroughbred Financial Services LLC now owns 10,055,128 shares of the iPhone maker’s stock valued at $1,005,513,000 after purchasing an additional 10,004,976 shares in the last quarter. Great West Life Assurance Co. Can acquired a new stake in Apple in the second quarter valued at $809,074,000. California Public Employees Retirement System lifted its stake in Apple by 28.2% in the third quarter. California Public Employees Retirement System now owns 10,844,434 shares of the iPhone maker’s stock valued at $2,428,828,000 after acquiring an additional 2,382,156 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Apple in the second quarter valued at $459,677,000. 59.51% of the stock is owned by institutional investors and hedge funds.
In other Apple news, CEO Timothy D. Cook sold 265,160 shares of Apple stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $206.17, for a total value of $54,668,037.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chris Kondo sold 3,932 shares of Apple stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $233.26, for a total transaction of $917,178.32. Following the completion of the sale, the insider now owns 15,464 shares of the company’s stock, valued at approximately $3,607,132.64. The disclosure for this sale can be found here. Insiders sold a total of 448,158 shares of company stock valued at $97,019,630 in the last quarter. Corporate insiders own 0.05% of the company’s stock.
Apple (NASDAQ:AAPL) last posted its earnings results on Wednesday, October 30th. The iPhone maker reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.19. Apple had a net margin of 21.24% and a return on equity of 53.82%. The company had revenue of $64.04 billion during the quarter, compared to analysts’ expectations of $62.86 billion. During the same quarter last year, the company posted $2.91 EPS. Apple’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, analysts predict that Apple Inc. will post 13.17 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Thursday, November 7th. Apple’s dividend payout ratio (DPR) is 25.90%.
AAPL has been the subject of a number of recent analyst reports. Royal Bank of Canada set a $295.00 price target on shares of Apple and gave the company a “buy” rating in a research note on Wednesday, November 13th. Wells Fargo & Co increased their price target on shares of Apple from $215.00 to $245.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $290.00 price target (up previously from $280.00) on shares of Apple in a research note on Friday. Jefferies Financial Group set a $285.00 price target on shares of Apple and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Cowen reiterated an “outperform” rating and issued a $290.00 price target (up previously from $250.00) on shares of Apple in a research note on Thursday, October 31st. Five equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $244.54.
Apple Company Profile
Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.
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