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

Livforsakringsbolaget Skandia Omsesidigt trimmed its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 565,335 shares of the iPhone maker's stock after selling 2,500 shares during the quarter. Apple makes up 7.1% of Livforsakringsbolaget Skandia Omsesidigt's portfolio, making the stock its biggest position. Livforsakringsbolaget Skandia Omsesidigt's holdings in Apple were worth $125,527,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Drystone LLC acquired a new position in shares of Apple in the 4th quarter valued at approximately $25,000. Conquis Financial LLC acquired a new position in shares of Apple in the 4th quarter valued at approximately $63,000. LSV Asset Management acquired a new position in shares of Apple in the 4th quarter valued at approximately $65,000. Pillar Financial Advisors LLC acquired a new position in shares of Apple in the 4th quarter valued at approximately $82,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Apple in the 4th quarter valued at approximately $96,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on AAPL. Wedbush restated an "outperform" rating and issued a $270.00 target price on shares of Apple in a research note on Wednesday. Monness Crespi & Hardt boosted their target price on Apple to $245.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Barclays set a $173.00 target price on Apple and gave the company an "underweight" rating in a research note on Tuesday, June 24th. Scotiabank cut Apple to a "market perform" rating in a research note on Friday, May 2nd. Finally, KeyCorp upgraded Apple from an "underweight" rating to a "sector weight" rating in a research note on Monday, April 14th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Apple currently has an average rating of "Moderate Buy" and an average target price of $235.27.

Apple Stock Performance

NASDAQ AAPL traded down $1.25 on Friday, reaching $211.16. The stock had a trading volume of 39,713,698 shares, compared to its average volume of 53,392,240. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.82 and a quick ratio of 0.78. The firm has a fifty day moving average of $203.27 and a two-hundred day moving average of $217.73. 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 $3.15 trillion, a P/E ratio of 32.89, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20.

Apple (NASDAQ:AAPL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The iPhone maker reported $1.65 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.03. Apple had a return on equity of 167.24% and a net margin of 24.30%. The firm had revenue of $95.36 billion for the quarter, compared to analyst estimates of $94.04 billion. During the same period in the prior year, the firm posted $1.53 EPS. The company's revenue for the quarter was up 5.1% on a year-over-year basis. On average, equities research analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 12th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.49%. This is a positive change from Apple's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, May 12th. Apple's dividend payout ratio is currently 16.20%.

Apple announced that its board has authorized a stock repurchase plan on Thursday, May 1st that allows the company to repurchase $100.00 billion in outstanding shares. This repurchase authorization allows the iPhone maker to purchase up to 3.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 4,486 shares of the company's stock in a transaction 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 transaction, the insider directly owned 15,533 shares of the company's stock, valued at $3,233,815.27. This represents a 22.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Kevan Parekh sold 4,570 shares of the stock in a transaction 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 directly owned 4,569 shares in the company, valued at approximately $941,214. This trade 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.

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.