E. Ohman J or Asset Management AB Has $211.29 Million Stock Position in Apple Inc. $AAPL

E. Ohman J or Asset Management AB cut its position in Apple Inc. (NASDAQ:AAPL) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,029,834 shares of the iPhone maker’s stock after selling 61,284 shares during the quarter. Apple comprises approximately 5.2% of E. Ohman J or Asset Management AB’s holdings, making the stock its 4th biggest position. E. Ohman J or Asset Management AB’s holdings in Apple were worth $211,291,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Apple by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,400,790,809 shares of the iPhone maker’s stock valued at $311,157,662,000 after purchasing an additional 5,005,297 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Apple by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 340,164,913 shares of the iPhone maker’s stock valued at $84,999,145,000 after purchasing an additional 6,307,413 shares during the last quarter. Norges Bank acquired a new stake in Apple during the 4th quarter valued at $46,868,648,000. Northern Trust Corp lifted its holdings in Apple by 13.3% during the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after purchasing an additional 20,079,472 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Apple by 14.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker’s stock valued at $26,220,566,000 after purchasing an additional 13,137,968 shares during the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Stock Up 3.2%

Shares of NASDAQ AAPL opened at $245.50 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10. The stock has a market capitalization of $3.64 trillion, a P/E ratio of 37.25, a PEG ratio of 2.47 and a beta of 1.11. The stock’s fifty day moving average is $224.35 and its 200 day moving average is $212.42.

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

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Shareholders 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 annualized dividend and a yield of 0.4%. Apple’s payout ratio is presently 15.78%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Monness Crespi & Hardt raised their price target on Apple from $245.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Sanford C. Bernstein initiated coverage on Apple in a report on Monday. They set an “outperform” rating and a $290.00 target price for the company. DA Davidson reissued a “neutral” rating and set a $250.00 target price on shares of Apple in a report on Thursday, September 11th. The Goldman Sachs Group reissued a “buy” rating and set a $266.00 target price on shares of Apple in a report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. lifted their target price on Apple from $255.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Apple currently has an average rating of “Moderate Buy” and an average price target of $242.74.

Insider Buying and Selling

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the business’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 transaction, the senior vice president owned 136,687 shares of the company’s stock, valued at approximately $30,508,538.40. The trade was a 20.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.06% of the company’s stock.

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.