Swedbank AB increased its position in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 2.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,179,656 shares of the iPhone maker’s stock after buying an additional 453,774 shares during the period. Apple accounts for 5.7% of Swedbank AB’s holdings, making the stock its 3rd biggest holding. Swedbank AB owned about 0.13% of Apple worth $4,260,377,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Advanced Portfolio Management LLC increased its position in Apple by 0.3% in the fourth quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker’s stock worth $3,260,000 after purchasing an additional 47 shares during the last quarter. Salus Financial Advisors LLC increased its position in Apple by 3.9% during the first quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock valued at $291,000 after acquiring an additional 49 shares during the last quarter. Sharpepoint LLC increased its position in Apple by 3.5% during the first quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker’s stock valued at $322,000 after acquiring an additional 51 shares during the last quarter. Redwood Financial Network Corp increased its position in Apple by 0.6% during the fourth quarter. Redwood Financial Network Corp now owns 8,720 shares of the iPhone maker’s stock valued at $2,184,000 after acquiring an additional 53 shares during the last quarter. Finally, Mission Hills Financial Advisory LLC increased its position in Apple by 1.3% during the first quarter. Mission Hills Financial Advisory LLC now owns 4,016 shares of the iPhone maker’s stock valued at $892,000 after acquiring an additional 53 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AAPL shares. Moffett Nathanson upgraded shares of Apple from a “sell” rating to a “neutral” rating and set a $225.00 price objective on the stock in a research report on Thursday, September 4th. Tigress Financial boosted their price objective on shares of Apple from $300.00 to $305.00 and gave the company a “strong-buy” rating in a research report on Wednesday. Rosenblatt Securities boosted their price objective on shares of Apple from $223.00 to $241.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Phillip Securities cut shares of Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 price objective on the stock. in a research report on Thursday, September 11th. Finally, UBS Group reissued a “neutral” rating on shares of Apple in a research note on Monday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $241.93.

Read Our Latest Stock Analysis on Apple

Apple Stock Down 0.5%

NASDAQ:AAPL traded down $1.11 during mid-day trading on Thursday, reaching $237.88. The company’s stock had a trading volume of 44,143,988 shares, compared to its average volume of 56,705,293. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10. The stock has a fifty day moving average of $223.15 and a 200-day moving average of $212.36. The firm has a market capitalization of $3.53 trillion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 2.47 and a beta of 1.11. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25.

Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.14. Apple had a net margin of 24.30% and a return on equity of 170.91%. The company had revenue of $94.04 billion during the quarter, compared to analyst estimates of $88.64 billion. During the same period in the prior year, the firm earned $1.40 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Apple’s dividend payout ratio is 15.78%.

Insider Activity at Apple

In other Apple news, SVP Deirdre O’brien sold 34,821 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the completion of the sale, the senior vice president directly owned 136,687 shares of the company’s stock, valued at approximately $30,508,538.40. This represents a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.06% of the company’s stock.

Apple 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.

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