Livforsakringsbolaget Skandia Omsesidigt Has $125.53 Million Position in Apple Inc. (NASDAQ:AAPL)

Livforsakringsbolaget Skandia Omsesidigt lessened its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 0.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 565,335 shares of the iPhone maker's stock after selling 2,500 shares during the quarter. Apple accounts for about 7.1% of Livforsakringsbolaget Skandia Omsesidigt's holdings, making the stock its biggest position. Livforsakringsbolaget Skandia Omsesidigt's holdings in Apple were worth $125,527,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Ayrshire Capital Management LLC grew its position in Apple by 5.7% in the first quarter. Ayrshire Capital Management LLC now owns 41,317 shares of the iPhone maker's stock worth $9,178,000 after acquiring an additional 2,240 shares in the last quarter. Prairie Sky Financial Group LLC grew its position in Apple by 0.3% in the first quarter. Prairie Sky Financial Group LLC now owns 111,607 shares of the iPhone maker's stock worth $24,791,000 after acquiring an additional 318 shares in the last quarter. Shira Ridge Wealth Management grew its position in Apple by 1.2% in the first quarter. Shira Ridge Wealth Management now owns 30,032 shares of the iPhone maker's stock worth $6,671,000 after acquiring an additional 362 shares in the last quarter. Attessa Capital LLC grew its position in Apple by 36.7% in the first quarter. Attessa Capital LLC now owns 5,381 shares of the iPhone maker's stock worth $1,195,000 after acquiring an additional 1,446 shares in the last quarter. Finally, Simplicity Wealth LLC grew its position in Apple by 120.4% in the first quarter. Simplicity Wealth LLC now owns 92,962 shares of the iPhone maker's stock worth $20,650,000 after acquiring an additional 50,780 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Insiders Place Their Bets

In related news, insider Chris Kondo sold 4,486 shares of Apple stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $208.19, for a total transaction of $933,940.34. Following the completion of the transaction, the insider directly owned 15,533 shares of the company's stock, valued at $3,233,815.27. This trade represents a 22.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kevan Parekh sold 4,570 shares of Apple stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $206.00, for a total transaction of $941,420.00. Following the transaction, the chief financial officer directly owned 4,569 shares of the company's stock, valued at $941,214. This represents a 50.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on AAPL shares. KeyCorp raised shares of Apple from an "underweight" rating to a "sector weight" rating in a research report on Monday, April 14th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Apple in a report on Wednesday, May 21st. Rosenblatt Securities downgraded shares of Apple from a "buy" rating to a "neutral" rating and set a $217.00 price objective for the company. in a report on Friday, May 2nd. Monness Crespi & Hardt upped their price objective on shares of Apple to $245.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Finally, Jefferies Financial Group raised shares of Apple from an "underperform" rating to a "hold" rating and upped their price objective for the stock from $170.62 to $188.32 in a report on Tuesday, July 1st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $235.27.

Apple Price Performance

Shares of AAPL stock traded down $2.54 during mid-day trading on Monday, reaching $208.62. The company's stock had a trading volume of 38,677,443 shares, compared to its average volume of 53,291,200. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10. The company has a market cap of $3.12 trillion, a P/E ratio of 32.50, a PEG ratio of 2.36 and a beta of 1.20. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.82. The firm's 50-day moving average is $203.58 and its two-hundred day moving average is $216.50.

Apple (NASDAQ:AAPL - Get Free Report) last announced 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 net margin of 24.30% and a return on equity of 167.24%. The company had revenue of $95.36 billion during the quarter, compared to analysts' expectations of $94.04 billion. During the same quarter in the prior year, the company posted $1.53 EPS. The business's revenue was up 5.1% on a year-over-year basis. On average, research analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple declared that its Board of Directors has initiated a stock repurchase plan on Thursday, May 1st that permits the company to buyback $100.00 billion in shares. This buyback authorization permits the iPhone maker to purchase up to 3.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its stock is undervalued.

Apple Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 12th were paid a $0.26 dividend. This is a boost from Apple's previous quarterly dividend of $0.25. The ex-dividend date was Monday, May 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.50%. Apple's dividend payout ratio is currently 16.20%.

About Apple

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.