Apple Inc. (NASDAQ:AAPL) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 5.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,062,746 shares of the iPhone maker’s stock after buying an additional 279,040 shares during the quarter. Apple comprises approximately 4.5% of Handelsbanken Fonder AB’s holdings, making the stock its 2nd largest position. Handelsbanken Fonder AB’s holdings in Apple were worth $692,179,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AAPL. CFS Investment Advisory Services LLC lifted its holdings in shares of Apple by 18,263.5% in the first quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock valued at $47,000 after buying an additional 7,416,445 shares during the period. Spence Asset Management acquired a new stake in shares of Apple during the second quarter worth $49,000. HBC Financial Services PLLC raised its position in shares of Apple by 21.7% during the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares during the period. Emerson Wealth LLC raised its position in shares of Apple by 363.6% during the first quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock worth $71,000 after purchasing an additional 320 shares during the period. Finally, Econ Financial Services Corp raised its position in shares of Apple by 29.1% during the first quarter. Econ Financial Services Corp now owns 421 shares of the iPhone maker’s stock worth $74,000 after purchasing an additional 95 shares during the period. Institutional investors and hedge funds own 57.72% of the company’s stock.

Insider Activity at Apple

In related news, SVP Deirdre O’brien sold 176,299 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $142.16, for a total transaction of $25,062,665.84. Following the completion of the sale, the senior vice president now owns 136,290 shares in the company, valued at approximately $19,374,986.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 360,651 shares of company stock worth $53,703,645 in the last 90 days. 0.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AAPL shares. Monness Crespi & Hardt started coverage on Apple in a research report on Thursday, September 8th. They set a “buy” rating and a $174.00 target price on the stock. Robert W. Baird cut their target price on Apple from $185.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $139.00 target price on shares of Apple in a research report on Thursday, September 8th. Sanford C. Bernstein set a $170.00 price target on Apple in a research report on Monday, September 12th. Finally, DA Davidson dropped their price target on Apple from $185.00 to $167.00 and set a “buy” rating on the stock in a research report on Friday, October 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and a consensus price target of $176.26.

Apple Stock Performance

AAPL opened at $151.29 on Friday. The company has a market cap of $2.41 trillion, a PE ratio of 24.76, a price-to-earnings-growth ratio of 1.93 and a beta of 1.25. The stock has a 50-day moving average of $147.08 and a 200-day moving average of $149.88. Apple Inc. has a 52-week low of $129.04 and a 52-week high of $182.94. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.85 and a current ratio of 0.88.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.02. Apple had a return on equity of 160.90% and a net margin of 25.31%. The company had revenue of $90.15 billion during the quarter, compared to the consensus estimate of $88.77 billion. During the same quarter in the prior year, the company posted $1.24 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts forecast that Apple Inc. will post 6.26 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, November 7th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.92 annualized dividend and a yield of 0.61%. Apple’s payout ratio is 15.06%.

Apple Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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