Achmea Investment Management B.V. grew its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 16.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,936,510 shares of the iPhone maker's stock after acquiring an additional 272,966 shares during the period. Apple accounts for 6.3% of Achmea Investment Management B.V.'s investment portfolio, making the stock its biggest holding. Achmea Investment Management B.V.'s holdings in Apple were worth $430,157,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of AAPL. Quilter Plc boosted its holdings in Apple by 6.4% in the first quarter. Quilter Plc now owns 1,189,494 shares of the iPhone maker's stock worth $264,222,000 after purchasing an additional 71,139 shares in the last quarter. Legacy CG LLC boosted its holdings in Apple by 1.8% in the first quarter. Legacy CG LLC now owns 22,117 shares of the iPhone maker's stock worth $4,913,000 after purchasing an additional 400 shares in the last quarter. Artemis Investment Management LLP boosted its holdings in Apple by 3.7% in the first quarter. Artemis Investment Management LLP now owns 227,980 shares of the iPhone maker's stock worth $50,641,000 after purchasing an additional 8,112 shares in the last quarter. Canvas Wealth Advisors LLC boosted its holdings in Apple by 1.5% in the first quarter. Canvas Wealth Advisors LLC now owns 103,701 shares of the iPhone maker's stock worth $23,035,000 after purchasing an additional 1,581 shares in the last quarter. Finally, Old North State Wealth Management LLC boosted its holdings in Apple by 7.0% in the first quarter. Old North State Wealth Management LLC now owns 29,308 shares of the iPhone maker's stock worth $6,522,000 after purchasing an additional 1,914 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.
Apple Price Performance
Shares of AAPL traded up $3.95 during mid-day trading on Wednesday, hitting $233.60. 55,591,683 shares of the company traded hands, compared to its average volume of 57,968,047. Apple Inc. has a one year low of $169.21 and a one year high of $260.10. The stock has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 35.51, a PEG ratio of 2.38 and a beta of 1.16. 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 business has a 50-day moving average of $207.88 and a 200 day moving average of $213.21.
Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings data 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. Apple had a net margin of 24.30% and a return on equity of 170.91%. The firm had revenue of $94.04 billion for the quarter, compared to analysts' expectations of $88.64 billion. During the same period last year, the firm earned $1.40 earnings per share. The business's revenue for the quarter was up 9.6% on a year-over-year basis. As a group, equities analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.
Apple Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Monday, August 11th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Apple's dividend payout ratio (DPR) is presently 15.78%.
Apple declared that its Board of Directors has initiated a share 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 usually an indication that the company's board believes its shares are undervalued.
Wall Street Analyst Weigh In
AAPL has been the subject of a number of recent research reports. Rosenblatt Securities reiterated a "neutral" rating and issued a $217.00 price objective on shares of Apple in a report on Tuesday, July 29th. Jefferies Financial Group raised shares of Apple from an "underperform" rating to a "hold" rating in a research report on Friday, July 18th. Scotiabank lowered shares of Apple to a "market perform" rating in a research report on Friday, May 2nd. Barclays boosted their target price on shares of Apple from $173.00 to $180.00 and gave the stock an "underweight" rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Apple in a research report on Wednesday, May 21st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $237.60.
Read Our Latest Stock Analysis on AAPL
Insider Transactions at Apple
In other Apple news, SVP Deirdre O'brien sold 34,821 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were 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. This trade represents 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
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Free Report)
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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