Mandatum Life Insurance Co Ltd Has $705,000 Stock Holdings in Apple Inc. $AAPL

Mandatum Life Insurance Co Ltd lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 4.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 3,173 shares of the iPhone maker’s stock after selling 145 shares during the period. Mandatum Life Insurance Co Ltd’s holdings in Apple were worth $705,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AAPL. Norges Bank bought a new position in Apple during the fourth quarter valued at about $46,868,648,000. GAMMA Investing LLC increased its stake in Apple by 25,934.1% during the first quarter. GAMMA Investing LLC now owns 60,066,398 shares of the iPhone maker’s stock valued at $133,425,490,000 after acquiring an additional 59,835,676 shares during the period. Vanguard Group Inc. increased its stake in Apple by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 1,395,785,512 shares of the iPhone maker’s stock valued at $349,532,608,000 after acquiring an additional 49,168,843 shares during the period. Proficio Capital Partners LLC increased its stake in Apple by 23,555.4% during the fourth quarter. Proficio Capital Partners LLC now owns 21,055,240 shares of the iPhone maker’s stock valued at $5,272,653,000 after acquiring an additional 20,966,232 shares during the period. Finally, Northern Trust Corp increased its stake in Apple by 13.3% during the fourth quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after acquiring an additional 20,079,472 shares during the period. 67.73% of the stock is currently owned by institutional investors.

Insider Transactions at Apple

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the company’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the transaction, the senior vice president owned 136,687 shares of the company’s stock, valued at approximately $30,508,538.40. This represents a 20.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Down 0.2%

NASDAQ AAPL opened at $232.14 on Friday. The firm has a market cap of $3.45 trillion, a PE ratio of 35.23, a price-to-earnings-growth ratio of 2.42 and a beta of 1.16. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The stock’s 50 day simple moving average is $215.79 and its 200 day simple moving average is $212.91. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.14. Apple had a return on equity of 170.91% and a net margin of 24.30%.The firm had revenue of $94.04 billion for the quarter, compared to the consensus estimate of $88.64 billion. During the same quarter in the prior year, the business earned $1.40 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple’s dividend payout ratio is currently 15.78%.

Analyst Ratings Changes

Several equities analysts recently issued reports on AAPL shares. Wedbush restated an “outperform” rating and set a $270.00 price target on shares of Apple in a research note on Thursday, August 7th. UBS Group boosted their price target on Apple from $210.00 to $220.00 and gave the company a “neutral” rating in a research note on Friday, August 1st. Jefferies Financial Group upgraded Apple from an “underperform” rating to a “hold” rating in a research note on Friday, July 18th. Barclays upped their price objective on Apple from $173.00 to $180.00 and gave the company an “underweight” rating in a research note on Friday, August 1st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Apple in a research note on Friday, July 25th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $237.37.

Apple Company 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.