Apple Inc. $AAPL is PKO Investment Management Joint Stock Co’s 4th Largest Position

PKO Investment Management Joint Stock Co lowered its position in Apple Inc. (NASDAQ:AAPLFree Report) by 4.6% in the 4th quarter, HoldingsChannel reports. The fund owned 186,000 shares of the iPhone maker’s stock after selling 9,000 shares during the period. Apple accounts for about 4.0% of PKO Investment Management Joint Stock Co’s holdings, making the stock its 4th biggest position. PKO Investment Management Joint Stock Co’s holdings in Apple were worth $50,566,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AAPL. Norges Bank purchased a new stake in Apple in the 2nd quarter worth about $38,942,255,000. Nuveen LLC purchased a new stake in Apple in the 1st quarter worth about $17,472,482,000. Laurel Wealth Advisors LLC increased its holdings in Apple by 20,464.8% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 27,069,029 shares of the iPhone maker’s stock worth $5,553,753,000 after acquiring an additional 26,937,401 shares during the last quarter. Vanguard Group Inc. increased its holdings in Apple by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 1,426,283,914 shares of the iPhone maker’s stock worth $387,749,545,000 after acquiring an additional 26,856,752 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Apple by 13.3% in the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock worth $42,918,365,000 after acquiring an additional 20,079,472 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

More Apple News

Here are the key news stories impacting Apple this week:

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of analyst reports. Barclays reiterated an “underweight” rating and set a $253.00 price objective (up from $248.00) on shares of Apple in a research note on Friday, May 1st. BNP Paribas Exane upgraded Apple from a “neutral” rating to an “outperform” rating and set a $300.00 price objective on the stock in a research note on Friday, April 17th. Rosenblatt Securities boosted their price objective on Apple from $268.00 to $276.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Stifel Nicolaus set a $330.00 price objective on Apple in a research note on Monday, March 2nd. Finally, KeyCorp reiterated a “sector weight” rating on shares of Apple in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average target price of $310.31.

View Our Latest Stock Report on Apple

Apple Trading Down 1.8%

Shares of AAPL stock opened at $306.31 on Tuesday. The stock has a market capitalization of $4.50 trillion, a PE ratio of 37.04, a P/E/G ratio of 2.72 and a beta of 1.09. Apple Inc. has a 1-year low of $195.07 and a 1-year high of $315.00. The business has a 50-day moving average of $276.58 and a 200 day moving average of $270.28. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPLGet Free Report) last issued its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.06. The company had revenue of $111.18 billion during the quarter, compared to analysts’ expectations of $109.46 billion. Apple had a return on equity of 146.69% and a net margin of 27.15%.Apple’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.65 EPS. As a group, sell-side analysts anticipate that Apple Inc. will post 8.74 earnings per share for the current year.

Apple Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Monday, May 11th were issued a dividend of $0.27 per share. The ex-dividend date was Monday, May 11th. This represents a $1.08 annualized dividend and a yield of 0.4%. This is a boost from Apple’s previous quarterly dividend of $0.26. Apple’s dividend payout ratio (DPR) is currently 13.06%.

Insider Buying and Selling

In other Apple news, insider Ben Borders sold 1,274 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $290.00, for a total transaction of $369,460.00. Following the completion of the transaction, the insider owned 38,713 shares of the company’s stock, valued at $11,226,770. This represents a 3.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Deirdre O’brien sold 30,002 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $255.35, for a total value of $7,661,010.70. Following the transaction, the senior vice president directly owned 136,810 shares of the company’s stock, valued at $34,934,433.50. The trade was a 17.99% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 97,759 shares of company stock valued at $24,964,305. 0.06% of the stock is owned by insiders.

Apple Company Profile

(Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

Further Reading

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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