Peoples Bank KS Sells 6,833 Shares of Apple Inc. $AAPL

Peoples Bank KS trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 33.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,824 shares of the iPhone maker’s stock after selling 6,833 shares during the period. Apple accounts for about 3.5% of Peoples Bank KS’s holdings, making the stock its 4th largest holding. Peoples Bank KS’s holdings in Apple were worth $3,520,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Baker Boyer National Bank raised its holdings in Apple by 0.3% during the second quarter. Baker Boyer National Bank now owns 18,011 shares of the iPhone maker’s stock worth $3,695,000 after purchasing an additional 47 shares in the last quarter. Beddow Capital Management Inc. raised its stake in Apple by 1.8% during the 2nd quarter. Beddow Capital Management Inc. now owns 2,597 shares of the iPhone maker’s stock worth $533,000 after acquiring an additional 47 shares in the last quarter. Red Tortoise LLC lifted its position in Apple by 0.9% in the second quarter. Red Tortoise LLC now owns 5,717 shares of the iPhone maker’s stock valued at $1,173,000 after acquiring an additional 49 shares during the last quarter. SigFig Wealth Management LLC boosted its stake in Apple by 2.8% in the second quarter. SigFig Wealth Management LLC now owns 1,830 shares of the iPhone maker’s stock valued at $368,000 after acquiring an additional 50 shares in the last quarter. Finally, Shariaportfolio Inc. boosted its stake in Apple by 1.3% in the second quarter. Shariaportfolio Inc. now owns 3,999 shares of the iPhone maker’s stock valued at $820,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Price Performance

Apple stock opened at $270.92 on Tuesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.89 and a quick ratio of 0.86. The business has a 50 day simple moving average of $270.62 and a 200-day simple moving average of $240.31. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $288.62. The stock has a market capitalization of $4.00 trillion, a PE ratio of 36.27, a price-to-earnings-growth ratio of 2.56 and a beta of 1.10.

Apple (NASDAQ:AAPLGet Free Report) last announced its quarterly earnings data on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.11. The company had revenue of $102.47 billion for the quarter, compared to analysts’ expectations of $101.65 billion. Apple had a net margin of 26.92% and a return on equity of 164.05%. Apple’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.64 EPS. Equities analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 10th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, November 10th. Apple’s payout ratio is 13.92%.

Insider Activity

In related news, insider Chris Kondo sold 3,752 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $271.23, for a total value of $1,017,654.96. Following the completion of the sale, the insider owned 15,098 shares in the company, valued at $4,095,030.54. This trade represents a 19.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy D. Cook sold 129,963 shares of Apple stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total value of $33,375,798.03. Following the completion of the sale, the chief executive officer directly owned 3,280,295 shares in the company, valued at $842,412,558.95. This represents a 3.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 228,052 shares of company stock valued at $58,604,588 over the last ninety days. 0.06% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AAPL. Seaport Res Ptn raised Apple to a “strong-buy” rating in a report on Wednesday, October 1st. Melius Research set a $345.00 price target on Apple in a research report on Friday, October 31st. Jefferies Financial Group reiterated a “hold” rating and issued a $283.36 price objective on shares of Apple in a research note on Wednesday, December 17th. Cowen restated a “buy” rating on shares of Apple in a research report on Monday, October 27th. Finally, JPMorgan Chase & Co. upped their price target on shares of Apple from $290.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average price target of $283.92.

View Our Latest Analysis on AAPL

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About Apple

(Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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