Apple Inc. (NASDAQ:AAPL) Position Increased by Trust Co of Kansas

Trust Co of Kansas grew its position in shares of Apple Inc. (NASDAQ:AAPL) by 7.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,829 shares of the iPhone maker’s stock after purchasing an additional 2,865 shares during the period. Apple makes up about 4.8% of Trust Co of Kansas’ holdings, making the stock its 4th largest holding. Trust Co of Kansas’ holdings in Apple were worth $9,979,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. China Universal Asset Management Co. Ltd. grew its stake in shares of Apple by 127.4% in the first quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock worth $12,943,000 after acquiring an additional 42,282 shares in the last quarter. Graypoint LLC boosted its holdings in Apple by 3.9% in the first quarter. Graypoint LLC now owns 209,327 shares of the iPhone maker’s stock valued at $35,895,000 after purchasing an additional 7,860 shares during the period. Daiwa Securities Group Inc. grew its stake in Apple by 28.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 2,601,162 shares of the iPhone maker’s stock worth $446,048,000 after purchasing an additional 568,771 shares in the last quarter. Baron Silver Stevens Financial Advisors LLC increased its holdings in Apple by 4.6% during the 1st quarter. Baron Silver Stevens Financial Advisors LLC now owns 45,004 shares of the iPhone maker’s stock worth $7,717,000 after purchasing an additional 1,982 shares during the period. Finally, Adapt Wealth Advisors LLC acquired a new stake in Apple in the 1st quarter valued at about $868,000. 60.41% of the stock is owned by institutional investors and hedge funds.

Apple Price Performance

Shares of AAPL opened at $232.87 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The stock’s 50 day moving average is $228.06 and its two-hundred day moving average is $218.64. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49. The firm has a market capitalization of $3.52 trillion, a PE ratio of 38.30, a P/E/G ratio of 2.25 and a beta of 1.24.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. During the same period last year, the firm earned $1.46 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Research analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Insider Activity

In related news, SVP Katherine L. Adams sold 61,019 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total value of $13,802,497.80. Following the completion of the transaction, the senior vice president now directly owns 187,043 shares of the company’s stock, valued at $42,309,126.60. This trade represents a 24.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now directly owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 408,170 shares of company stock worth $92,007,745 in the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on AAPL. KeyCorp lowered shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price on the stock. in a research note on Friday, October 25th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $265.00 price objective on shares of Apple in a research report on Tuesday, September 10th. New Street Research reaffirmed a “neutral” rating and set a $225.00 price objective on shares of Apple in a research report on Wednesday, September 25th. Wedbush reissued an “outperform” rating and issued a $285.00 target price on shares of Apple in a report on Monday, September 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $273.00 price target on shares of Apple in a report on Monday. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and an average target price of $235.25.

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.