Apple Inc. $AAPL Shares Sold by E. Ohman J or Asset Management AB

Key Points

• E. Ohman J or Asset Management AB reduced its position in Apple Inc. by 5.6%, selling 61,284 shares, and now holds 1,029,834 shares valued at approximately $211.29 million.
• Apple's stock price opened at $245.50, with a market capitalization of $3.64 trillion and a P/E ratio of 37.25, indicating strong financial performance.
• The company recently announced a quarterly dividend of $0.26 per share, resulting in an annualized dividend yield of 0.4% and a payout ratio of 15.78%.

E. Ohman J or Asset Management AB lessened its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 5.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,029,834 shares of the iPhone maker's stock after selling 61,284 shares during the period. Apple comprises 5.2% of E. Ohman J or Asset Management AB's investment portfolio, making the stock its 4th largest holding. E. Ohman J or Asset Management AB's holdings in Apple were worth $211,291,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. S.E.E.D. Planning Group LLC grew its stake in Apple by 10.4% during the 2nd quarter. S.E.E.D. Planning Group LLC now owns 70,788 shares of the iPhone maker's stock valued at $14,524,000 after acquiring an additional 6,696 shares in the last quarter. Parallel Advisors LLC grew its stake in Apple by 0.3% during the 2nd quarter. Parallel Advisors LLC now owns 929,883 shares of the iPhone maker's stock valued at $190,784,000 after acquiring an additional 2,969 shares in the last quarter. O Connor Financial Group LLC grew its stake in Apple by 7.5% during the 2nd quarter. O Connor Financial Group LLC now owns 4,075 shares of the iPhone maker's stock valued at $870,000 after acquiring an additional 285 shares in the last quarter. Trust Co. of Oklahoma grew its stake in Apple by 0.4% during the 2nd quarter. Trust Co. of Oklahoma now owns 66,287 shares of the iPhone maker's stock valued at $13,600,000 after acquiring an additional 263 shares in the last quarter. Finally, Investors Research Corp grew its stake in Apple by 4.4% during the 2nd quarter. Investors Research Corp now owns 18,827 shares of the iPhone maker's stock valued at $3,863,000 after acquiring an additional 787 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Stock Performance

Shares of NASDAQ AAPL traded up $0.21 during trading hours on Tuesday, reaching $256.29. The stock had a trading volume of 13,480,713 shares, compared to its average volume of 57,306,352. The business's fifty day moving average is $225.30 and its two-hundred day moving average is $212.22. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The company has a market cap of $3.80 trillion, a price-to-earnings ratio of 38.90, a PEG ratio of 2.55 and a beta of 1.11. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last issued its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.14. The business had revenue of $94.04 billion during the quarter, compared to analyst estimates of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.Apple's revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.40 earnings per share. As a group, research analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

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

Insider Activity at Apple

In related news, SVP Deirdre O'brien sold 34,821 shares of the company's stock in a transaction 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 completion of the transaction, the senior vice president directly owned 136,687 shares in the company, valued at approximately $30,508,538.40. This represents a 20.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.06% of the company's stock.

Analyst Ratings Changes

AAPL has been the topic of several research analyst reports. Sanford C. Bernstein initiated coverage on Apple in a research note on Monday, September 15th. They set an "outperform" rating and a $290.00 target price on the stock. Bank of America boosted their price target on Apple from $260.00 to $270.00 and gave the company a "buy" rating in a research note on Wednesday, September 10th. UBS Group reissued a "neutral" rating on shares of Apple in a research note on Monday, September 8th. Moffett Nathanson raised Apple from a "sell" rating to a "neutral" rating and set a $225.00 price target for the company in a research note on Thursday, September 4th. Finally, Loop Capital lowered their price target on Apple from $230.00 to $226.00 and set a "hold" rating for the company in a research note on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $244.03.

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.