Apple Inc. (NASDAQ:AAPL) is Forsta AP Fonden’s Largest Position

Forsta AP Fonden boosted its position in Apple Inc. (NASDAQ:AAPL) by 4.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,070,900 shares of the iPhone maker’s stock after purchasing an additional 160,800 shares during the quarter. Apple comprises about 7.2% of Forsta AP Fonden’s holdings, making the stock its largest position. Forsta AP Fonden’s holdings in Apple were worth $1,019,435,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. AMF Tjanstepension AB grew its position in shares of Apple by 21.1% in the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock worth $787,631,000 after acquiring an additional 588,427 shares in the last quarter. Callan Family Office LLC raised its position in Apple by 53.6% in the third quarter. Callan Family Office LLC now owns 73,507 shares of the iPhone maker’s stock worth $17,127,000 after acquiring an additional 25,653 shares in the last quarter. Cardinal Point Capital Management ULC raised its position in shares of Apple by 0.9% during the third quarter. Cardinal Point Capital Management ULC now owns 28,702 shares of the iPhone maker’s stock worth $6,688,000 after purchasing an additional 245 shares during the period. Williams & Novak LLC boosted its stake in Apple by 14.4% in the 3rd quarter. Williams & Novak LLC now owns 12,708 shares of the iPhone maker’s stock worth $2,961,000 after purchasing an additional 1,604 shares during the period. Finally, Axiom Advisory LLC lifted its position in shares of Apple by 13.7% in the third quarter. Axiom Advisory LLC now owns 541,915 shares of the iPhone maker’s stock worth $120,952,000 after purchasing an additional 65,325 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Price Performance

NASDAQ AAPL opened at $220.73 on Tuesday. The firm’s 50 day moving average is $231.54 and its 200-day moving average is $233.41. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $3.32 trillion, a PE ratio of 35.04, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is presently 15.87%.

Analysts Set New Price Targets

A number of research firms recently commented on AAPL. Barclays increased their price objective on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. Needham & Company LLC reiterated a “buy” rating and set a $260.00 price objective on shares of Apple in a research note on Friday, January 31st. Jefferies Financial Group reissued an “underperform” rating on shares of Apple in a report on Wednesday, February 19th. DA Davidson set a $290.00 target price on shares of Apple in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their price target on Apple from $260.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $243.65.

Apple 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.