Livforsakringsbolaget Skandia Omsesidigt Purchases 96,800 Shares of Apple Inc. $AAPL

Key Points

• Livforsakringsbolaget Skandia Omsesidigt increased its position in Apple Inc. by 17.1%, acquiring 96,800 shares, bringing its total holdings to approximately $135.77 million.
• Analysts have mixed views on Apple, with a consensus rating of "Moderate Buy" and a price target averaging $245.66, reflecting varied expectations about the stock's future performance.
• Apple recently reported earnings of $1.57 per share, surpassing estimates, with revenues rising 9.6% year-over-year, totaling $94.04 billion for the quarter.

Livforsakringsbolaget Skandia Omsesidigt raised its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 17.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 662,135 shares of the iPhone maker's stock after acquiring an additional 96,800 shares during the period. Apple makes up about 6.3% of Livforsakringsbolaget Skandia Omsesidigt's holdings, making the stock its 3rd largest position. Livforsakringsbolaget Skandia Omsesidigt's holdings in Apple were worth $135,771,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Matthew Goff Investment Advisor LLC lifted its holdings in shares of Apple by 13.1% in the 2nd quarter. Matthew Goff Investment Advisor LLC now owns 7,010 shares of the iPhone maker's stock worth $1,438,000 after purchasing an additional 814 shares in the last quarter. Kingstone Capital Partners Texas LLC raised its holdings in Apple by 573,627.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker's stock worth $39,065,374,000 after buying an additional 205,656,808 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in shares of Apple by 3.7% in the second quarter. IFM Investors Pty Ltd now owns 2,932,508 shares of the iPhone maker's stock valued at $601,663,000 after buying an additional 105,632 shares in the last quarter. Pioneer Wealth Management Group bought a new position in shares of Apple in the second quarter valued at $316,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Apple during the second quarter valued at about $3,501,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other 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 transaction of $7,772,047.20. Following the transaction, the senior vice president owned 136,687 shares of the company's stock, valued at $30,508,538.40. This represents a 20.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on AAPL shares. Moffett Nathanson raised shares of Apple from a "sell" rating to a "neutral" rating and set a $225.00 price target on the stock in a research report on Thursday, September 4th. Morgan Stanley set a $240.00 price objective on Apple and gave the stock an "overweight" rating in a research note on Wednesday, September 3rd. DA Davidson reaffirmed a "neutral" rating and set a $250.00 target price on shares of Apple in a research report on Thursday, September 11th. 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 report on Thursday, August 21st. Finally, Needham & Company LLC restated a "hold" rating on shares of Apple in a research note on Friday, July 25th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and a consensus price target of $245.66.

Apple Stock Performance

NASDAQ AAPL opened at $255.46 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The company has a market capitalization of $3.79 trillion, a PE ratio of 38.76, a price-to-earnings-growth ratio of 2.65 and a beta of 1.11. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10. The company has a 50-day simple moving average of $228.87 and a 200 day simple moving average of $213.22.

Apple (NASDAQ:AAPL - Get Free Report) last released its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share 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 during the quarter, compared to the consensus estimate of $88.64 billion. During the same period in the prior year, the firm earned $1.40 EPS. The company's revenue was up 9.6% compared to the same quarter last year. On average, research analysts predict 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. Shareholders of record on Monday, August 11th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple's dividend payout ratio (DPR) is currently 15.78%.

Apple Company 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.

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