Apple Inc. (NASDAQ:AAPL) is Skandinaviska Enskilda Banken AB publ’s 3rd Largest Position

Skandinaviska Enskilda Banken AB publ reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 4.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,143,974 shares of the iPhone maker’s stock after selling 230,269 shares during the period. Apple accounts for about 5.2% of Skandinaviska Enskilda Banken AB publ’s investment portfolio, making the stock its 3rd largest holding. Skandinaviska Enskilda Banken AB publ’s holdings in Apple were worth $1,081,989,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Fidelis Capital Partners LLC raised its holdings in Apple by 17.9% in the first quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker’s stock worth $35,000 after buying an additional 31,278 shares during the last quarter. Access Investment Management LLC purchased a new position in Apple in the first quarter worth about $140,000. Hoese & Co LLP raised its holdings in Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock worth $175,000 after buying an additional 57 shares during the last quarter. Sage Financial Group Inc. purchased a new position in Apple in the second quarter worth about $206,000. Finally, Benchmark Wealth Management LLC purchased a new position in Apple in the second quarter worth about $208,000. 60.41% of the stock is owned by hedge funds and other institutional investors.

Apple Trading Down 0.1 %

Shares of AAPL opened at $226.96 on Friday. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $237.49. The company has a market cap of $3.43 trillion, a P/E ratio of 37.33, a P/E/G ratio of 2.18 and a beta of 1.24. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The company’s fifty day simple moving average is $226.82 and its 200-day simple moving average is $214.03.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.46 earnings per share. As a group, analysts expect that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The business 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Friday, November 8th. Apple’s payout ratio is presently 16.45%.

Insider Transactions at Apple

In other news, CFO Luca Maestri sold 59,305 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $226.52, for a total value of $13,433,768.60. Following the transaction, the chief financial officer now directly owns 107,788 shares in the company, valued at approximately $24,416,137.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the transaction, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Luca Maestri sold 59,305 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $226.52, for a total transaction of $13,433,768.60. Following the transaction, the chief financial officer now owns 107,788 shares in the company, valued at approximately $24,416,137.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 412,746 shares of company stock worth $93,021,362. Insiders own 0.06% of the company’s stock.

Analysts Set New Price Targets

AAPL has been the subject of several research reports. Morgan Stanley reissued an “overweight” rating and set a $273.00 price objective on shares of Apple in a report on Tuesday, September 10th. Bank of America reissued a “buy” rating and set a $256.00 price objective on shares of Apple in a report on Thursday, October 3rd. Wedbush reissued an “outperform” rating and set a $285.00 price objective on shares of Apple in a report on Monday, September 9th. Monness Crespi & Hardt reissued a “buy” rating and set a $245.00 price objective on shares of Apple in a report on Monday, September 9th. Finally, Citigroup boosted their target price on shares of Apple to $185.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $235.51.

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.