Community Bank of Raymore Has $3.43 Million Stock Position in Apple Inc. $AAPL

Community Bank of Raymore boosted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 4.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,701 shares of the iPhone maker’s stock after purchasing an additional 770 shares during the period. Apple accounts for about 2.5% of Community Bank of Raymore’s investment portfolio, making the stock its 12th biggest holding. Community Bank of Raymore’s holdings in Apple were worth $3,427,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Financial Futures Ltd Liability Co. grew its position in Apple by 13.2% during the second quarter. Financial Futures Ltd Liability Co. now owns 3,552 shares of the iPhone maker’s stock worth $729,000 after buying an additional 415 shares in the last quarter. Avid Wealth Partners LLC lifted its position in shares of Apple by 28.3% during the 1st quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock valued at $935,000 after acquiring an additional 930 shares during the period. Bell & Brown Wealth Advisors LLC grew its holdings in shares of Apple by 0.4% during the 1st quarter. Bell & Brown Wealth Advisors LLC now owns 62,001 shares of the iPhone maker’s stock worth $13,772,000 after purchasing an additional 240 shares in the last quarter. American National Bank & Trust increased its position in shares of Apple by 2.4% in the second quarter. American National Bank & Trust now owns 195,482 shares of the iPhone maker’s stock worth $40,107,000 after purchasing an additional 4,543 shares during the period. Finally, Andina Capital Management LLC raised its stake in Apple by 209.2% in the first quarter. Andina Capital Management LLC now owns 6,786 shares of the iPhone maker’s stock valued at $1,507,000 after purchasing an additional 4,591 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Insider Activity at Apple

In other Apple news, SVP Deirdre O’brien sold 43,013 shares of Apple stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the transaction, the senior vice president directly owned 136,687 shares of the company’s stock, valued at approximately $35,181,866.93. The trade was a 23.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Chris Kondo sold 3,752 shares of the 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 directly owned 15,098 shares of the company’s stock, valued at approximately $4,095,030.54. The trade was a 19.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 228,052 shares of company stock valued at $58,604,588 in the last quarter. Insiders own 0.06% of the company’s stock.

Apple Price Performance

Apple stock opened at $267.44 on Wednesday. The stock has a 50-day moving average price of $257.18 and a two-hundred day moving average price of $227.87. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $277.32. The company has a market capitalization of $3.95 trillion, a PE ratio of 40.58, a P/E/G ratio of 2.62 and a beta of 1.09. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, topping 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 return on equity of 170.91% and a net margin of 24.30%.The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.64 earnings per share. Analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Apple’s dividend payout ratio (DPR) is presently 13.92%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AAPL. The Goldman Sachs Group increased their price objective on shares of Apple from $279.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Needham & Company LLC reissued a “hold” rating on shares of Apple in a research note on Friday, July 25th. Wedbush restated an “outperform” rating on shares of Apple in a research note on Tuesday, October 21st. TD Cowen raised their target price on Apple from $275.00 to $325.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Melius boosted their price target on Apple from $290.00 to $345.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $278.22.

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.