Apple Inc. $AAPL Shares Purchased by Avanza Fonder AB

Key Points

• Avanza Fonder AB increased its stake in Apple Inc. by 3.5% in the second quarter, holding a total of 1,457,753 shares valued at approximately $299 million, making Apple its second-largest position.
• Apple reported an EPS of $1.57 for the most recent quarter, surpassing expectations, with revenues reaching $94.04 billion, a 9.6% increase from the previous year.
• Institutional investors own about 67.73% of Apple's stock, highlighting strong support from major financial entities.

Avanza Fonder AB lifted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,457,753 shares of the iPhone maker's stock after buying an additional 49,015 shares during the quarter. Apple comprises approximately 8.9% of Avanza Fonder AB's holdings, making the stock its 2nd largest position. Avanza Fonder AB's holdings in Apple were worth $299,087,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AAPL. Advanced Portfolio Management LLC increased its stake in Apple by 0.3% during the 4th quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker's stock worth $3,260,000 after purchasing an additional 47 shares in the last quarter. Salus Financial Advisors LLC grew its stake in shares of Apple by 3.9% during the 1st quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker's stock worth $291,000 after acquiring an additional 49 shares in the last quarter. Sharpepoint LLC grew its stake in shares of Apple by 3.5% during the 1st quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker's stock worth $322,000 after acquiring an additional 51 shares in the last quarter. Redwood Financial Network Corp grew its stake in shares of Apple by 0.6% during the 4th quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker's stock worth $2,184,000 after acquiring an additional 53 shares in the last quarter. Finally, Mission Hills Financial Advisory LLC grew its stake in shares of Apple by 1.3% during the 1st quarter. Mission Hills Financial Advisory LLC now owns 4,016 shares of the iPhone maker's stock worth $892,000 after acquiring an additional 53 shares in the last quarter. Institutional investors own 67.73% of the company's stock.

Apple Stock Performance

NASDAQ:AAPL opened at $254.63 on Wednesday. The stock has a market cap of $3.78 trillion, a P/E ratio of 38.64, a price-to-earnings-growth ratio of 2.64 and a beta of 1.11. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The stock's 50-day moving average is $230.51 and its 200-day moving average is $213.80. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, beating 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 business had revenue of $94.04 billion for 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 was up 9.6% on a year-over-year basis. Equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were issued a $0.26 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple's dividend payout ratio is presently 15.78%.

Insider Transactions at Apple

In other Apple news, SVP Deirdre O'brien sold 34,821 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $223.20, for a total value of $7,772,047.20. Following the transaction, the senior vice president directly 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

AAPL has been the subject of several recent analyst reports. Evercore ISI set a $290.00 price objective on Apple and gave the company an "outperform" rating in a report on Friday. Phillip Securities downgraded Apple from a "hold" rating to a "moderate sell" rating and set a $200.00 price target for the company. in a report on Thursday, September 11th. UBS Group reissued a "neutral" rating on shares of Apple in a report on Monday, September 8th. 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, September 19th. Finally, BMO Capital Markets reissued a "buy" rating on shares of Apple in a report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $245.51.

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.

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