Apple Inc. (NASDAQ:AAPL) is Ayalon Insurance Comp Ltd.’s 8th Largest Position

Posted by on Mar 19th, 2023

Ayalon Insurance Comp Ltd. lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 9.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,847 shares of the iPhone maker’s stock after selling 5,129 shares during the period. Apple comprises approximately 3.1% of Ayalon Insurance Comp Ltd.’s investment portfolio, making the stock its 8th biggest position. Ayalon Insurance Comp Ltd.’s holdings in Apple were worth $6,479,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AAPL. Vanguard Group Inc. boosted its holdings in shares of Apple by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after purchasing an additional 8,734,393 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Apple by 2.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 237,910,783 shares of the iPhone maker’s stock valued at $32,527,162,000 after purchasing an additional 4,831,418 shares during the period. Legal & General Group Plc boosted its holdings in shares of Apple by 8.2% in the second quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock valued at $16,889,649,000 after purchasing an additional 9,411,018 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Apple by 1.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 80,739,774 shares of the iPhone maker’s stock worth $14,097,970,000 after buying an additional 1,155,915 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in Apple by 12.1% in the second quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock worth $11,001,469,000 after buying an additional 8,716,964 shares in the last quarter. Hedge funds and other institutional investors own 57.60% of the company’s stock.

Apple Trading Down 0.5 %

AAPL stock opened at $155.00 on Friday. The company’s 50-day simple moving average is $146.64 and its 200-day simple moving average is $145.32. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 1.76. Apple Inc. has a 52-week low of $124.17 and a 52-week high of $179.61. The firm has a market cap of $2.45 trillion, a P/E ratio of 26.32, a PEG ratio of 2.03 and a beta of 1.30.

Apple (NASDAQ:AAPL – Get Rating) last posted its earnings results on Thursday, February 2nd. The iPhone maker reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.05). Apple had a return on equity of 163.45% and a net margin of 24.56%. The firm had revenue of $117.15 billion for the quarter, compared to analysts’ expectations of $121.67 billion. During the same period in the previous year, the company earned $2.10 earnings per share. The company’s revenue was down 5.5% compared to the same quarter last year. As a group, equities analysts forecast that Apple Inc. will post 6.04 EPS for the current fiscal year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 16th. Stockholders of record on Monday, February 13th were paid a dividend of $0.23 per share. This is a positive change from Apple’s previous quarterly dividend of $0.17. This represents a $0.92 annualized dividend and a dividend yield of 0.59%. The ex-dividend date was Friday, February 10th. Apple’s dividend payout ratio is presently 15.62%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AAPL. Evercore ISI reissued an “outperform” rating and issued a $190.00 price objective on shares of Apple in a research note on Monday, February 6th. Credit Suisse Group set a $184.00 price objective on shares of Apple in a research note on Monday, February 6th. Raymond James reduced their price objective on shares of Apple from $185.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, February 3rd. Fundamental Research reissued a “buy” rating and issued a $168.00 price objective on shares of Apple in a research note on Tuesday, February 14th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $170.00 price objective on shares of Apple in a research note on Friday, March 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.24.

Apple Profile

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Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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