Apple Inc. (NASDAQ:AAPL) Position Raised by Cardano Risk Management B.V.

Cardano Risk Management B.V. raised its stake in Apple Inc. (NASDAQ:AAPL) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,723,104 shares of the iPhone maker’s stock after acquiring an additional 103,856 shares during the period. Apple makes up 15.5% of Cardano Risk Management B.V.’s portfolio, making the stock its 2nd biggest position. Cardano Risk Management B.V.’s holdings in Apple were worth $876,483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of the stock. International Assets Investment Management LLC increased its holdings in shares of Apple by 20,372.7% in the 3rd quarter. International Assets Investment Management LLC now owns 94,347,510 shares of the iPhone maker’s stock worth $219,829,700,000 after purchasing an additional 93,886,664 shares in the last quarter. Strategic Financial Concepts LLC grew its position in Apple by 14,145.8% in the 2nd quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock worth $1,603,000 after purchasing an additional 7,558,826 shares during the period. Pathway Financial Advisers LLC grew its position in Apple by 22,870.6% in the 3rd quarter. Pathway Financial Advisers LLC now owns 5,590,588 shares of the iPhone maker’s stock worth $1,302,607,000 after purchasing an additional 5,566,250 shares during the period. William Blair Investment Management LLC bought a new stake in shares of Apple in the second quarter worth $834,368,000. Finally, National Pension Service increased its position in Apple by 14.0% during the third quarter. National Pension Service now owns 27,882,996 shares of the iPhone maker’s stock valued at $6,496,738,000 after acquiring an additional 3,416,922 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $222.78 on Friday. The business’s 50 day moving average price is $240.93 and its 200-day moving average price is $230.69. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The firm has a market capitalization of $3.35 trillion, a PE ratio of 36.64, a P/E/G ratio of 2.19 and a beta of 1.20. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $260.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the firm earned $1.46 EPS. Apple’s quarterly revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts expect that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.45%. Apple’s dividend payout ratio (DPR) is currently 16.45%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Apple to $275.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Wedbush reiterated an “outperform” rating and issued a $325.00 target price on shares of Apple in a report on Thursday. The Goldman Sachs Group cut their price target on shares of Apple from $286.00 to $280.00 and set a “buy” rating on the stock in a report on Thursday. KeyCorp downgraded shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price objective for the company. in a research note on Friday, October 25th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $273.00 target price on shares of Apple in a research note on Friday, December 13th. Four research analysts have rated the stock with a sell rating, nine have given 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 has an average rating of “Moderate Buy” and an average price target of $238.05.

Insiders Place Their Bets

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.

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.