OMERS ADMINISTRATION Corp Increases Stock Position in Apple Inc. $AAPL

OMERS ADMINISTRATION Corp increased its position in shares of Apple Inc. (NASDAQ:AAPL) by 13.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,366,248 shares of the iPhone maker’s stock after purchasing an additional 286,753 shares during the period. Apple accounts for 4.6% of OMERS ADMINISTRATION Corp’s portfolio, making the stock its 2nd largest holding. OMERS ADMINISTRATION Corp’s holdings in Apple were worth $525,615,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AAPL. Truvestments Capital LLC boosted its stake in Apple by 10.6% during the first quarter. Truvestments Capital LLC now owns 46,687 shares of the iPhone maker’s stock worth $10,371,000 after buying an additional 4,466 shares during the period. Wealth Preservation Advisors LLC purchased a new position in Apple during the first quarter worth $8,142,000. B. Metzler seel. Sohn & Co. AG boosted its stake in Apple by 3.1% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 2,682,401 shares of the iPhone maker’s stock worth $595,819,000 after buying an additional 80,725 shares during the period. KilterHowling LLC boosted its stake in Apple by 0.5% during the first quarter. KilterHowling LLC now owns 19,119 shares of the iPhone maker’s stock worth $4,247,000 after buying an additional 91 shares during the period. Finally, Triad Wealth Partners LLC boosted its stake in Apple by 6.6% during the first quarter. Triad Wealth Partners LLC now owns 25,100 shares of the iPhone maker’s stock worth $5,576,000 after buying an additional 1,564 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Apple Price Performance

Shares of NASDAQ AAPL opened at $230.03 on Friday. The firm’s 50 day simple moving average is $221.08 and its 200-day simple moving average is $212.48. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $260.10. The stock has a market capitalization of $3.41 trillion, a price-to-earnings ratio of 34.91, a PEG ratio of 2.37 and a beta of 1.11. 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 for the quarter, topping analysts’ consensus estimates of $1.43 by $0.14. Apple had a net margin of 24.30% and a return on equity of 170.91%. The company had revenue of $94.04 billion during the quarter, compared to analysts’ expectations of $88.64 billion. During the same period in the prior year, the business posted $1.40 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

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

Analyst Ratings Changes

AAPL has been the subject of several recent analyst reports. BMO Capital Markets reaffirmed a “buy” rating on shares of Apple in a research note on Wednesday, August 13th. Jefferies Financial Group lifted their price objective on shares of Apple from $190.67 to $205.82 and gave the stock a “hold” rating in a research note on Monday. DA Davidson reissued a “neutral” rating and set a $250.00 target price on shares of Apple in a research note on Thursday. Evercore ISI boosted their target price on shares of Apple from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Rosenblatt Securities lifted their price objective on shares of Apple from $223.00 to $241.00 and gave the company a “neutral” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.