Community Bank of Raymore Acquires 189 Shares of Apple Inc. (NASDAQ:AAPL)

Community Bank of Raymore lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 17,028 shares of the iPhone maker’s stock after acquiring an additional 189 shares during the period. Apple makes up about 3.0% of Community Bank of Raymore’s investment portfolio, making the stock its 10th biggest position. Community Bank of Raymore’s holdings in Apple were worth $3,968,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Hershey Financial Advisers LLC acquired a new stake in shares of Apple during the 2nd quarter worth about $42,000. Christopher J. Hasenberg Inc increased its holdings in shares of Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after buying an additional 144 shares in the last quarter. Hoese & Co LLP raised its stake in shares of Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after acquiring an additional 57 shares during the last quarter. Sage Financial Group Inc. acquired a new position in shares of Apple in the 2nd quarter worth approximately $206,000. Finally, Benchmark Wealth Management LLC bought a new stake in Apple during the 2nd quarter worth approximately $208,000. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Timothy D. Cook sold 223,986 shares of Apple stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This trade represents a 6.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the sale, the insider now owns 15,419 shares in the company, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 408,170 shares of company stock valued at $92,007,745 in the last three months. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Performance

Shares of Apple stock opened at $242.84 on Monday. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The firm has a market cap of $3.67 trillion, a price-to-earnings ratio of 39.94, a price-to-earnings-growth ratio of 2.38 and a beta of 1.23. The stock’s 50-day moving average is $230.53 and its 200-day moving average is $221.83. Apple Inc. has a one year low of $164.07 and a one year high of $244.63.

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

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.41%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Melius Research reiterated a “buy” rating and issued a $265.00 price objective on shares of Apple in a research report on Tuesday, August 27th. Jefferies Financial Group lowered shares of Apple from a “buy” rating to a “hold” rating and increased their price objective for the stock from $205.00 to $212.92 in a report on Monday, October 7th. Moffett Nathanson reduced their target price on shares of Apple from $211.00 to $202.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 19th. UBS Group reissued a “neutral” rating and issued a $236.00 price target on shares of Apple in a report on Monday, December 2nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Apple in a report on Friday, November 29th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average price target of $235.68.

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.