Apple Inc. (NASDAQ:AAPL) Shares Sold by Trust Co of Kansas

Trust Co of Kansas lowered its position in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 2.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 22,807 shares of the iPhone maker’s stock after selling 620 shares during the quarter. Apple comprises about 2.1% of Trust Co of Kansas’ portfolio, making the stock its 20th largest position. Trust Co of Kansas’ holdings in Apple were worth $3,152,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. IFM Investors Pty Ltd increased its position in shares of Apple by 20.0% in the first quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after buying an additional 435,891 shares in the last quarter. Ironwood Wealth Management LLC. increased its holdings in shares of Apple by 0.4% in the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after purchasing an additional 1,040 shares during the last quarter. Markel Corp raised its holdings in shares of Apple by 0.7% during the 1st quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after acquiring an additional 8,450 shares during the period. Camden Capital LLC boosted its holdings in Apple by 9.2% in the 1st quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after purchasing an additional 13,200 shares during the last quarter. Finally, Harbor Island Capital LLC lifted its holdings in Apple by 0.3% in the first quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 57.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AAPL shares. Rosenblatt Securities increased their price objective on shares of Apple from $165.00 to $173.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Wedbush boosted their price target on shares of Apple from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Wednesday, March 8th. Credit Suisse Group set a $184.00 price objective on Apple in a report on Monday, February 6th. Cowen cut their price target on shares of Apple from $200.00 to $195.00 and set an “outperform” rating on the stock in a research note on Friday, February 3rd. Finally, Sanford C. Bernstein set a $125.00 price target on Apple in a research report on Tuesday, January 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $168.24.

Apple Stock Up 0.3 %

Shares of NASDAQ:AAPL opened at $152.99 on Thursday. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 1.76. The firm has a market cap of $2.42 trillion, a P/E ratio of 25.97, a P/E/G ratio of 1.97 and a beta of 1.30. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $179.61. The company’s 50-day moving average price is $145.51 and its two-hundred day moving average price is $145.38.

Apple (NASDAQ:AAPL – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.05). Apple had a return on equity of 163.45% and a net margin of 24.56%. The business had revenue of $117.15 billion for the quarter, compared to the consensus estimate of $121.67 billion. During the same period last year, the firm earned $2.10 earnings per share. The company’s quarterly revenue was down 5.5% on a year-over-year basis. As a group, research analysts forecast that Apple Inc. will post 6.04 EPS for the current fiscal year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 16th. Investors of record on Monday, February 13th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.60%. This is a positive change from Apple’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.62%.

Apple Profile

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Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.