UMB Bank N A MO grew its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 454,855 shares of the iPhone maker’s stock after buying an additional 2,279 shares during the quarter. Apple makes up approximately 2.4% of UMB Bank N A MO’s portfolio, making the stock its 5th largest holding. UMB Bank N A MO’s holdings in Apple were worth $101,874,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Smithfield Trust Co. lifted its position in Apple by 11.7% in the third quarter. Smithfield Trust Co. now owns 56,423 shares of the iPhone maker’s stock valued at $12,637,000 after purchasing an additional 5,916 shares during the period. Monarch Capital Management Inc. lifted its position in Apple by 0.7% in the third quarter. Monarch Capital Management Inc. now owns 22,596 shares of the iPhone maker’s stock valued at $5,061,000 after purchasing an additional 158 shares during the period. Koshinski Asset Management Inc. lifted its position in Apple by 15.7% in the third quarter. Koshinski Asset Management Inc. now owns 47,087 shares of the iPhone maker’s stock valued at $10,546,000 after purchasing an additional 6,399 shares during the period. Empirical Finance LLC lifted its position in Apple by 1.4% in the third quarter. Empirical Finance LLC now owns 11,704 shares of the iPhone maker’s stock valued at $2,621,000 after purchasing an additional 166 shares during the period. Finally, State of Tennessee Treasury Department lifted its position in Apple by 1.9% in the third quarter. State of Tennessee Treasury Department now owns 2,479,975 shares of the iPhone maker’s stock valued at $555,440,000 after purchasing an additional 47,361 shares during the period. 58.61% of the stock is currently owned by institutional investors.
Shares of Apple stock traded up $0.71 during trading on Friday, hitting $260.14. 17,496,500 shares of the company were exchanged, compared to its average volume of 28,496,354. Apple Inc. has a fifty-two week low of $142.00 and a fifty-two week high of $260.44. The firm has a 50 day moving average price of $235.37 and a 200 day moving average price of $209.53. The stock has a market capitalization of $1,142.50 billion, a price-to-earnings ratio of 21.88, a P/E/G ratio of 1.83 and a beta of 1.25. The company has a quick ratio of 1.50, a current ratio of 1.54 and a debt-to-equity ratio of 1.01.
Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Wednesday, October 30th. The iPhone maker reported $3.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 period in the previous year, the company earned $2.91 EPS. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. Analysts predict that Apple Inc. will post 13.17 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $3.08 annualized dividend and a dividend yield of 1.18%. Apple’s dividend payout ratio is presently 25.90%.
AAPL has been the subject of a number of recent analyst reports. Piper Jaffray Companies raised their price objective on shares of Apple from $243.00 to $270.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Cowen reiterated an “outperform” rating and set a $290.00 price target (up from $250.00) on shares of Apple in a research report on Thursday, October 31st. Goldman Sachs Group set a $192.00 price target on shares of Apple and gave the company a “neutral” rating in a research report on Wednesday. Rosenblatt Securities set a $150.00 price target on shares of Apple and gave the company a “sell” rating in a research report on Friday, September 13th. Finally, Monness Crespi & Hardt lifted their price target on shares of Apple from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $239.51.
In related news, insider Chris Kondo sold 3,932 shares of Apple stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $233.26, for a total transaction of $917,178.32. Following the transaction, the insider now owns 15,464 shares in the company, valued at approximately $3,607,132.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arthur D. Levinson sold 37,394 shares of Apple stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $257.79, for a total transaction of $9,639,799.26. Following the transaction, the director now owns 1,170,677 shares in the company, valued at approximately $301,788,823.83. The disclosure for this sale can be found here. Insiders have sold a total of 465,658 shares of company stock worth $100,549,205 in the last 90 days. Company insiders own 0.05% of the company’s stock.
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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