Livforsakringsbolaget Skandia Omsesidigt Boosts Position in Apple Inc. (AAPL)
Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 5.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 727,100 shares of the iPhone maker’s stock after buying an additional 38,400 shares during the period. Apple accounts for about 3.1% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio, making the stock its largest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Apple were worth $69,511,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cape Cod Five Cents Savings Bank raised its position in Apple by 2.3% in the second quarter. Cape Cod Five Cents Savings Bank now owns 92,240 shares of the iPhone maker’s stock worth $8,818,000 after buying an additional 2,049 shares during the last quarter. Hartford Financial Management Inc. raised its position in Apple by 0.3% in the second quarter. Hartford Financial Management Inc. now owns 10,491 shares of the iPhone maker’s stock worth $1,002,000 after buying an additional 28 shares during the last quarter. Windsor Financial Group LLC raised its position in Apple by 5.1% in the second quarter. Windsor Financial Group LLC now owns 59,057 shares of the iPhone maker’s stock worth $5,646,000 after buying an additional 2,891 shares during the last quarter. Lathrop Investment Management Corp increased its stake in Apple by 2.1% in the second quarter. Lathrop Investment Management Corp now owns 7,938 shares of the iPhone maker’s stock worth $759,000 after buying an additional 164 shares during the period. Finally, Davis R M Inc. increased its stake in Apple by 1.3% in the second quarter. Davis R M Inc. now owns 500,597 shares of the iPhone maker’s stock worth $47,857,000 after buying an additional 6,586 shares during the period. 56.46% of the stock is currently owned by institutional investors.
Apple Inc. (NASDAQ:AAPL) traded up 0.78% during trading on Friday, reaching $113.05. The company had a trading volume of 36,379,106 shares. The company has a market capitalization of $609.16 billion, a P/E ratio of 13.18 and a beta of 1.14. Apple Inc. has a 12 month low of $89.47 and a 12 month high of $123.82. The firm’s 50 day moving average is $109.76 and its 200-day moving average is $102.97.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.04. Apple had a return on equity of 37.89% and a net margin of 21.70%. The firm earned $42.36 billion during the quarter, compared to the consensus estimate of $42.35 billion. During the same quarter in the previous year, the business earned $1.85 earnings per share. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. On average, equities analysts expect that Apple Inc. will post $8.26 earnings per share for the current year.
AAPL has been the subject of a number of research analyst reports. Piper Jaffray Cos. restated an “overweight” rating and set a $153.00 price objective on shares of Apple in a report on Tuesday, July 26th. Credit Suisse Group AG restated an “outperform” rating and set a $150.00 price objective on shares of Apple in a report on Thursday, September 15th. Needham & Company LLC restated a “buy” rating and set a $150.00 price objective on shares of Apple in a report on Wednesday, July 20th. Citigroup Inc. raised their price objective on shares of Apple from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Friday. Finally, Vetr downgraded shares of Apple from a “hold” rating to a “sell” rating and set a $105.47 price objective for the company. in a report on Monday, August 15th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, forty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. Apple presently has a consensus rating of “Buy” and an average price target of $126.13.
In other Apple news, CEO Timothy D. Cook sold 334,000 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $107.23, for a total transaction of $35,814,820.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel J. Riccio sold 22,381 shares of the business’s stock in a transaction dated Wednesday, September 21st. The shares were sold at an average price of $113.06, for a total value of $2,530,395.86. Following the sale, the insider now directly owns 47,043 shares of the company’s stock, valued at approximately $5,318,681.58. The disclosure for this sale can be found here. Company insiders own 0.08% of the company’s stock.
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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