Tredje AP fonden Has $438.57 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Tredje AP fonden grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 6.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,659,618 shares of the iPhone maker’s stock after acquiring an additional 163,730 shares during the quarter. Apple comprises 6.8% of Tredje AP fonden’s investment portfolio, making the stock its largest position. Tredje AP fonden’s holdings in Apple were worth $438,571,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Mine & Arao Wealth Creation & Management LLC. increased its stake in Apple by 16.0% in the 1st quarter. Mine & Arao Wealth Creation & Management LLC. now owns 90,985 shares of the iPhone maker’s stock worth $15,003,000 after purchasing an additional 12,548 shares during the period. 25 LLC bought a new stake in shares of Apple in the 1st quarter worth approximately $2,255,000. BlueSky Wealth Advisors LLC grew its position in shares of Apple by 0.5% in the 1st quarter. BlueSky Wealth Advisors LLC now owns 21,620 shares of the iPhone maker’s stock worth $3,565,000 after buying an additional 100 shares during the last quarter. Thompson Davis & CO. Inc. grew its position in shares of Apple by 3.9% in the 1st quarter. Thompson Davis & CO. Inc. now owns 7,995 shares of the iPhone maker’s stock worth $1,318,000 after buying an additional 301 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Apple by 0.5% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 11,290,653 shares of the iPhone maker’s stock worth $1,861,829,000 after buying an additional 56,742 shares during the last quarter. Institutional investors own 58.51% of the company’s stock.

Insider Buying and Selling at Apple

In related news, SVP Deirdre O’brien sold 15,419 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $178.56, for a total value of $2,753,216.64. Following the completion of the sale, the senior vice president now owns 136,445 shares in the company, valued at $24,363,619.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.06% of the company’s stock.

Apple Trading Up 0.1 %

NASDAQ AAPL opened at $189.70 on Wednesday. Apple Inc. has a 1-year low of $124.17 and a 1-year high of $198.23. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 1.63. The company has a market capitalization of $2.97 trillion, a PE ratio of 31.88, a price-to-earnings-growth ratio of 2.76 and a beta of 1.27. The firm’s fifty day simple moving average is $186.94 and its 200-day simple moving average is $174.00.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.07. The firm had revenue of $81.80 billion during the quarter, compared to analysts’ expectations of $81.79 billion. Apple had a net margin of 24.68% and a return on equity of 164.92%. Apple’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 earnings per share. As a group, sell-side analysts anticipate that Apple Inc. will post 6.05 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Friday, August 11th. Apple’s dividend payout ratio (DPR) is 16.13%.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several research reports. Piper Sandler lifted their price target on Apple from $180.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, July 31st. Fundamental Research set a $183.86 price target on Apple and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Wells Fargo & Company upped their price target on Apple from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 24th. Canaccord Genuity Group increased their target price on Apple from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, StockNews.com assumed coverage on Apple in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Ten investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $198.86.

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.