Lansforsakringar Fondforvaltning AB publ Has $1.12 Billion Holdings in Apple Inc. $AAPL

Lansforsakringar Fondforvaltning AB publ lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,052,567 shares of the iPhone maker’s stock after selling 147,145 shares during the quarter. Apple accounts for approximately 6.9% of Lansforsakringar Fondforvaltning AB publ’s investment portfolio, making the stock its largest position. Lansforsakringar Fondforvaltning AB publ’s holdings in Apple were worth $1,122,327,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Life Planning Partners Inc bought a new position in Apple during the fourth quarter valued at about $47,000. Elite Financial Inc. acquired a new position in shares of Apple in the 1st quarter valued at $58,000. Conquis Financial LLC acquired a new position in shares of Apple in the 4th quarter valued at $63,000. LSV Asset Management acquired a new position in shares of Apple in the 4th quarter valued at $65,000. Finally, Pillar Financial Advisors LLC acquired a new position in shares of Apple in the 4th quarter valued at $82,000. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling at Apple

In other news, SVP Deirdre O’brien sold 34,821 shares of the firm’s stock in a transaction dated 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 completion of the sale, the senior vice president directly owned 136,687 shares of the company’s stock, valued at $30,508,538.40. This trade represents a 20.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is owned by company insiders.

Apple Stock Up 1.4%

AAPL opened at $230.03 on Friday. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10. The business has a 50-day moving average of $221.08 and a 200-day moving average of $212.48. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The company has a market capitalization of $3.41 trillion, a PE ratio of 34.91, a price-to-earnings-growth ratio of 2.37 and a beta of 1.11.

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

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. Apple’s dividend payout ratio (DPR) is 15.78%.

Wall Street Analyst Weigh In

AAPL has been the subject of a number of recent analyst reports. HSBC set a $220.00 price target on Apple and gave the company a “hold” rating in a research report on Monday. Loop Capital decreased their price target on Apple from $230.00 to $226.00 and set a “hold” rating for the company in a research report on Thursday, August 21st. Wedbush reiterated an “outperform” rating and issued a $270.00 price target on shares of Apple in a research report on Tuesday. Morgan Stanley set a $240.00 price target on Apple and gave the company an “overweight” rating in a research report on Wednesday, September 3rd. Finally, BMO Capital Markets reissued a “buy” rating on shares of Apple in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus target price of $240.80.

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.