UMB Bank n.a. Decreases Stock Position in Apple Inc. (NASDAQ:AAPL)

UMB Bank n.a. lowered its position in Apple Inc. (NASDAQ:AAPL) by 2.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,427,406 shares of the iPhone maker’s stock after selling 31,483 shares during the period. Apple comprises approximately 4.0% of UMB Bank n.a.’s holdings, making the stock its 3rd largest position. UMB Bank n.a.’s holdings in Apple were worth $274,818,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Wyrmwood Management LLC lifted its holdings in shares of Apple by 69.0% in the fourth quarter. Wyrmwood Management LLC now owns 169 shares of the iPhone maker’s stock worth $33,000 after buying an additional 69 shares in the last quarter. Gilfoyle & Co LLC increased its stake in Apple by 118.0% in the 4th quarter. Gilfoyle & Co LLC now owns 218 shares of the iPhone maker’s stock worth $40,000 after acquiring an additional 118 shares during the last quarter. PayPay Securities Corp raised its holdings in shares of Apple by 70.2% during the 3rd quarter. PayPay Securities Corp now owns 509 shares of the iPhone maker’s stock worth $87,000 after acquiring an additional 210 shares in the last quarter. Cordant Inc. boosted its position in shares of Apple by 27.7% during the 3rd quarter. Cordant Inc. now owns 645 shares of the iPhone maker’s stock valued at $110,000 after acquiring an additional 140 shares during the last quarter. Finally, Life Planning Partners Inc purchased a new position in shares of Apple in the fourth quarter valued at $132,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Price Performance

Shares of AAPL opened at $166.90 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. The company has a 50 day moving average price of $173.88 and a 200-day moving average price of $182.03. Apple Inc. has a fifty-two week low of $162.80 and a fifty-two week high of $199.62. The stock has a market capitalization of $2.58 trillion, a PE ratio of 26.00, a PEG ratio of 1.99 and a beta of 1.27.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The company had revenue of $119.60 billion during the quarter, compared to analyst estimates of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. Apple’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.88 earnings per share. Equities analysts predict that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.58%. Apple’s dividend payout ratio is presently 14.95%.

Insider Buying and Selling at Apple

In other news, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the transaction, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the sale, the director now owns 4,434,576 shares of the company’s stock, valued at approximately $802,392,181.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy D. Cook sold 99,183 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the sale, the chief executive officer now owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 366,271 shares of company stock valued at $63,653,887. 0.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Morgan Stanley decreased their price target on shares of Apple from $220.00 to $210.00 and set an “overweight” rating on the stock in a research note on Monday. Rosenblatt Securities restated a “neutral” rating and set a $189.00 target price on shares of Apple in a research report on Tuesday, March 5th. Piper Sandler Companies downgraded shares of Apple to a “neutral” rating and lowered their price target for the company from $220.00 to $205.00 in a report on Thursday, January 4th. Wedbush reissued an “outperform” rating and set a $250.00 price objective on shares of Apple in a research note on Tuesday, April 9th. Finally, DA Davidson began coverage on Apple in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price objective for the company. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $203.05.

Apple Company 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.