Mediolanum International Funds Ltd Has $545.08 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Mediolanum International Funds Ltd cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,166,610 shares of the iPhone maker’s stock after selling 69,356 shares during the quarter. Apple makes up 7.1% of Mediolanum International Funds Ltd’s portfolio, making the stock its largest position. Mediolanum International Funds Ltd’s holdings in Apple were worth $545,077,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AAPL. Drystone LLC bought a new position in shares of Apple in the fourth quarter valued at $25,000. Bull Oak Capital LLC lifted its stake in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after acquiring an additional 111 shares during the last quarter. Christopher J. Hasenberg Inc grew its position in shares of Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after acquiring an additional 144 shares during the period. SPX Gestao de Recursos Ltda acquired a new position in shares of Apple during the 3rd quarter worth about $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple during the 3rd quarter worth about $77,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Trading Down 1.0 %

Shares of Apple stock opened at $221.53 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The company has a market capitalization of $3.33 trillion, a price-to-earnings ratio of 35.16, a PEG ratio of 2.44 and a beta of 1.18. The firm’s 50-day moving average price is $231.03 and its two-hundred day moving average price is $233.35.

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

Apple Dividend Announcement

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

Analysts Set New Price Targets

AAPL has been the subject of several recent analyst reports. Oppenheimer downgraded shares of Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Wells Fargo & Company raised their price objective on Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Redburn Partners set a $230.00 target price on Apple in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price target on Apple from $260.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, KeyCorp reaffirmed an “underweight” rating and set a $200.00 price objective on shares of Apple in a research report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.