Mn Services Vermogensbeheer B.V. Acquires 35,800 Shares of Apple Inc. $AAPL

Mn Services Vermogensbeheer B.V. increased its holdings in shares of Apple Inc. (NASDAQ:AAPLFree Report) by 1.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,794,292 shares of the iPhone maker’s stock after acquiring an additional 35,800 shares during the quarter. Apple makes up approximately 4.6% of Mn Services Vermogensbeheer B.V.’s holdings, making the stock its 2nd largest holding. Mn Services Vermogensbeheer B.V.’s holdings in Apple were worth $711,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sellwood Investment Partners LLC grew its holdings in Apple by 110.9% during the third quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock worth $34,000 after acquiring an additional 71 shares during the period. ROSS JOHNSON & Associates LLC boosted its position in Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares in the last quarter. Nexus Investment Management ULC grew its stake in shares of Apple by 333.3% during the 2nd quarter. Nexus Investment Management ULC now owns 260 shares of the iPhone maker’s stock worth $53,000 after purchasing an additional 200 shares during the period. LSV Asset Management acquired a new stake in shares of Apple during the 4th quarter worth approximately $65,000. Finally, Morgan Dempsey Capital Management LLC increased its holdings in shares of Apple by 41.0% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 430 shares of the iPhone maker’s stock valued at $88,000 after purchasing an additional 125 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AAPL has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Apple in a report on Monday, December 29th. Barclays reissued an “underweight” rating and set a $239.00 target price (up from $230.00) on shares of Apple in a research note on Friday, January 30th. Argus set a $325.00 price target on Apple and gave the company a “buy” rating in a research note on Friday, October 31st. Sanford C. Bernstein upped their price target on Apple from $325.00 to $340.00 and gave the stock an “outperform” rating in a report on Tuesday, February 10th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Apple in a report on Friday, January 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Apple currently has an average rating of “Moderate Buy” and an average target price of $292.13.

Check Out Our Latest Stock Analysis on AAPL

Apple Price Performance

Shares of Apple stock opened at $264.58 on Friday. The stock has a market capitalization of $3.88 trillion, a P/E ratio of 33.45, a PEG ratio of 2.32 and a beta of 1.09. The business has a 50 day simple moving average of $265.00 and a two-hundred day simple moving average of $257.42. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $288.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.97 and a quick ratio of 0.94.

Apple (NASDAQ:AAPLGet Free Report) last issued its quarterly earnings results on Thursday, January 29th. The iPhone maker reported $2.84 EPS for the quarter, topping the consensus estimate of $2.67 by $0.17. The firm had revenue of $143.76 billion during the quarter, compared to analysts’ expectations of $138.25 billion. Apple had a return on equity of 159.94% and a net margin of 27.04%.The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.40 earnings per share. As a group, analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Monday, February 9th were given 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, February 9th. Apple’s dividend payout ratio is 13.15%.

Key Headlines Impacting Apple

Here are the key news stories impacting Apple this week:

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.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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