Apple Inc. (NASDAQ:AAPL) Holdings Lifted by Tredje AP fonden

Tredje AP fonden raised its position in Apple Inc. (NASDAQ:AAPL) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,793,425 shares of the iPhone maker’s stock after purchasing an additional 134,100 shares during the period. Apple comprises about 5.7% of Tredje AP fonden’s investment portfolio, making the stock its 3rd largest position. Tredje AP fonden’s holdings in Apple were worth $588,351,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Apple by 3.6% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 502,086 shares of the iPhone maker’s stock worth $105,749,000 after acquiring an additional 17,645 shares during the period. Argent Trust Co lifted its holdings in shares of Apple by 0.8% during the 2nd quarter. Argent Trust Co now owns 596,183 shares of the iPhone maker’s stock worth $125,568,000 after acquiring an additional 4,780 shares during the period. Purus Wealth Management LLC lifted its holdings in shares of Apple by 3.3% during the 2nd quarter. Purus Wealth Management LLC now owns 50,462 shares of the iPhone maker’s stock worth $10,628,000 after acquiring an additional 1,629 shares during the period. Wealthgate Family Office LLC lifted its holdings in shares of Apple by 4.5% during the 2nd quarter. Wealthgate Family Office LLC now owns 16,283 shares of the iPhone maker’s stock worth $3,430,000 after acquiring an additional 698 shares during the period. Finally, Meridian Wealth Partners LLC lifted its holdings in shares of Apple by 2.4% during the 2nd quarter. Meridian Wealth Partners LLC now owns 39,235 shares of the iPhone maker’s stock worth $8,264,000 after acquiring an additional 930 shares during the period. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Performance

Shares of AAPL opened at $223.45 on Wednesday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The company has a market cap of $3.40 trillion, a price-to-earnings ratio of 36.75, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The firm has a fifty day moving average of $226.98 and a 200-day moving average of $213.44.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company had revenue of $94.93 billion during the quarter, compared to the consensus estimate of $94.52 billion. During the same quarter in the previous year, the company posted $1.46 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. As a group, equities analysts anticipate that Apple Inc. will post 7.45 earnings per share for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, November 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend is Friday, November 8th. Apple’s dividend payout ratio (DPR) is 16.45%.

Insider Activity

In related news, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the sale, the insider now directly owns 24,125 shares in the company, valued at $5,223,062.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $226.86, for a total value of $13,550,347.80. Following the sale, the chief operating officer now directly owns 489,944 shares in the company, valued at approximately $111,148,695.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 5,178 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the sale, the insider now owns 24,125 shares in the company, valued at approximately $5,223,062.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 417,924 shares of company stock valued at $94,142,399. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AAPL shares. Robert W. Baird increased their price objective on shares of Apple from $200.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Cfra raised their price target on shares of Apple from $240.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Oppenheimer restated a “buy” rating and issued a $250.00 price target on shares of Apple in a report on Tuesday, October 1st. Wedbush restated an “outperform” rating and issued a $285.00 price target on shares of Apple in a report on Monday, September 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $260.00 price target on shares of Apple in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $235.51.

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.