Mn Services Vermogensbeheer B.V. Has $667.08 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Mn Services Vermogensbeheer B.V. lessened its stake in Apple Inc. (NASDAQ:AAPL) by 2.1% during the third quarter, Holdings Channel reports. The firm owned 2,862,992 shares of the iPhone maker’s stock after selling 62,700 shares during the period. Apple makes up approximately 4.7% of Mn Services Vermogensbeheer B.V.’s portfolio, making the stock its 2nd largest position. Mn Services Vermogensbeheer B.V.’s holdings in Apple were worth $667,077,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AAPL. Bull Oak Capital LLC boosted its stake in shares of Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares during the last quarter. Hershey Financial Advisers LLC purchased a new stake in shares of Apple during the second quarter valued at approximately $42,000. Christopher J. Hasenberg Inc lifted its holdings in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after acquiring an additional 144 shares during the period. Cordant Inc. boosted its position in Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock worth $158,000 after purchasing an additional 173 shares during the last quarter. Finally, EMC Capital Management grew its stake in Apple by 7.3% in the 3rd quarter. EMC Capital Management now owns 892 shares of the iPhone maker’s stock valued at $201,000 after purchasing an additional 61 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AAPL shares. Wells Fargo & Company increased their price target on shares of Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Wedbush increased their target price on shares of Apple from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Thursday, December 26th. Bank of America reaffirmed a “buy” rating and issued a $256.00 price target on shares of Apple in a report on Friday, January 3rd. New Street Research reissued a “neutral” rating and set a $225.00 price objective on shares of Apple in a report on Wednesday, September 25th. Finally, Morgan Stanley restated an “overweight” rating and issued a $273.00 target price on shares of Apple in a research note on Friday, December 13th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average price target of $237.64.

Insider Buying and Selling

In other news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total value of $24,997,000.00. Following the completion of the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. This represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $242.21 on Wednesday. The company’s fifty day moving average price is $239.32 and its 200-day moving average price is $229.57. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83. The firm has a market capitalization of $3.66 trillion, a price-to-earnings ratio of 39.84, a PEG ratio of 2.41 and a beta of 1.20. Apple Inc. has a one year low of $164.07 and a one year high of $260.10.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. During the same quarter in the prior year, the firm earned $1.46 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. On average, equities research analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. Apple’s dividend payout ratio is 16.45%.

Apple Profile

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.