Apple Inc. (NASDAQ:AAPL) Stock Holdings Raised by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,401,658 shares of the iPhone maker's stock after acquiring an additional 17,189 shares during the period. Apple comprises about 7.5% of Elo Mutual Pension Insurance Co's investment portfolio, making the stock its biggest holding. Elo Mutual Pension Insurance Co's holdings in Apple were worth $351,003,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Vinva Investment Management Ltd grew its holdings in Apple by 12.4% during the fourth quarter. Vinva Investment Management Ltd now owns 764,075 shares of the iPhone maker's stock valued at $192,700,000 after purchasing an additional 83,997 shares during the period. Safe Harbor Fiduciary LLC bought a new stake in Apple during the third quarter valued at about $4,972,000. SYM FINANCIAL Corp grew its holdings in Apple by 6.3% during the third quarter. SYM FINANCIAL Corp now owns 28,626 shares of the iPhone maker's stock valued at $6,670,000 after purchasing an additional 1,695 shares during the period. Tradewinds Capital Management LLC grew its holdings in Apple by 9.2% during the fourth quarter. Tradewinds Capital Management LLC now owns 21,198 shares of the iPhone maker's stock valued at $5,308,000 after purchasing an additional 1,779 shares during the period. Finally, Berkshire Bank grew its holdings in Apple by 2.7% during the fourth quarter. Berkshire Bank now owns 89,580 shares of the iPhone maker's stock valued at $22,433,000 after purchasing an additional 2,360 shares during the period. Institutional investors own 67.73% of the company's stock.

Apple Trading Up 1.6%

AAPL stock traded up $3.29 during midday trading on Friday, reaching $203.92. 46,477,335 shares of the company traded hands, compared to its average volume of 56,154,463. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The business has a 50 day moving average of $201.17 and a 200-day moving average of $224.15. The firm has a market capitalization of $3.05 trillion, a price-to-earnings ratio of 32.37, a P/E/G ratio of 2.44 and a beta of 1.22.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.03. Apple had a return on equity of 160.83% and a net margin of 24.30%. The business had revenue of $95.36 billion for the quarter, compared to the consensus estimate of $94.04 billion. During the same period in the prior year, the business posted $1.53 earnings per share. The company's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 1st that allows the company to repurchase $100.00 billion in outstanding shares. This repurchase authorization allows the iPhone maker to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 12th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, May 12th. This is an increase from Apple's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 0.51%. Apple's dividend payout ratio is 16.20%.

Insider Buying and Selling at Apple

In other news, CFO Kevan Parekh sold 4,570 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total value of $941,420.00. Following the sale, the chief financial officer now directly owns 4,569 shares in the company, valued at approximately $941,214. This represents a 50.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Chris Kondo sold 4,486 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $208.19, for a total value of $933,940.34. Following the completion of the sale, the insider now owns 15,533 shares in the company, valued at approximately $3,233,815.27. The trade was a 22.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 191,507 shares of company stock worth $42,694,080 over the last ninety days. Company insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several recent research reports. Needham & Company LLC reissued a "hold" rating and set a $225.00 price target on shares of Apple in a report on Wednesday. Morgan Stanley reaffirmed an "overweight" rating and issued a $235.00 price objective on shares of Apple in a research note on Thursday. Raymond James dropped their price objective on Apple from $250.00 to $230.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. China Renaissance started coverage on Apple in a research note on Tuesday, April 22nd. They issued a "buy" rating and a $241.00 price objective for the company. Finally, Jefferies Financial Group reaffirmed an "underperform" rating and issued a $170.62 price objective (up previously from $167.88) on shares of Apple in a research note on Friday, May 2nd. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Apple has an average rating of "Moderate Buy" and an average target price of $235.02.

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.