Apple Inc. (NASDAQ:AAPL) Shares Purchased by Ilmarinen Mutual Pension Insurance Co

Posted by Defense World Staff on Sep 13th, 2023

Ilmarinen Mutual Pension Insurance Co increased its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 8.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 785,000 shares of the iPhone maker’s stock after purchasing an additional 60,000 shares during the quarter. Apple accounts for 1.8% of Ilmarinen Mutual Pension Insurance Co’s investment portfolio, making the stock its 5th biggest holding. Ilmarinen Mutual Pension Insurance Co’s holdings in Apple were worth $129,447,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atlantic Private Wealth LLC purchased a new stake in shares of Apple in the first quarter valued at $30,000. St. James Investment Advisors LLC boosted its holdings in Apple by 98.3% in the fourth quarter. St. James Investment Advisors LLC now owns 236 shares of the iPhone maker’s stock valued at $31,000 after acquiring an additional 117 shares during the last quarter. Cheyne Capital Management UK LLP boosted its holdings in Apple by 200.0% in the third quarter. Cheyne Capital Management UK LLP now owns 275 shares of the iPhone maker’s stock valued at $212,000 after acquiring an additional 550 shares during the last quarter. HBC Financial Services PLLC boosted its holdings in Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after acquiring an additional 80 shares during the last quarter. Finally, PayPay Securities Corp acquired a new position in Apple in the fourth quarter valued at $60,000. 58.51% of the stock is owned by institutional investors and hedge funds.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $176.30 on Wednesday. The stock has a fifty day moving average of $185.67 and a 200-day moving average of $175.05. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.92 and a current ratio of 0.98. Apple Inc. has a one year low of $124.17 and a one year high of $198.23. The company has a market capitalization of $2.76 trillion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 2.59 and a beta of 1.27.

Apple (NASDAQ:AAPL – Get Free Report) last announced its earnings results on Thursday, August 3rd. The iPhone maker reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.07. Apple had a net margin of 24.68% and a return on equity of 164.92%. The company had revenue of $81.80 billion for the quarter, compared to the consensus estimate of $81.79 billion. During the same period in the previous year, the business earned $1.20 EPS. The company’s revenue was down 1.4% on a year-over-year basis. As a group, equities analysts anticipate that Apple Inc. will post 6.05 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 14th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Friday, August 11th. Apple’s dividend payout ratio (DPR) is currently 16.13%.

Insider Buying and Selling at Apple

In other Apple news, SVP Deirdre O’brien sold 15,419 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $178.56, for a total transaction of $2,753,216.64. Following the sale, the senior vice president now directly owns 136,445 shares of the company’s stock, valued at approximately $24,363,619.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AAPL. Piper Sandler lifted their target price on Apple from $180.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, July 31st. 51job restated a “maintains” rating on shares of Apple in a research note on Friday, June 2nd. Oppenheimer boosted their price objective on Apple from $195.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Citigroup restated a “buy” rating and set a $240.00 price objective on shares of Apple in a research note on Friday, August 4th. Finally, 58.com restated a “maintains” rating on shares of Apple in a research note on Monday, June 5th. Ten investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $198.72.

View Our Latest Report on AAPL

Apple Company Profile

(Free Report)

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.

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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