Cardano Risk Management B.V. Acquires 116,473 Shares of Apple Inc.

Cardano Risk Management B.V. recently expanded its stake in Apple Inc. (NASDAQ:AAPL) by 3.1% during the last quarter, as confirmed by the company’s most recent filing with the Securities and Exchange Commission. The firm now possesses 3,839,577 shares of the tech giant’s stock, marking an increase of 116,473 shares since the previous quarter. Apple commands a significant portion, approximately 14.7%, of Cardano Risk Management B.V.’s total holdings, establishing itself as the largest asset in the firm’s investment portfolio. The latest SEC filing states that Cardano Risk Management B.V.’s total value of Apple shares amounted to $961,506,000 at the time of reporting.

Institutional investors and hedge funds, including State Street Corp, FMR LLC, Geode Capital Management LLC, Charles Schwab Investment Management Inc., and International Assets Investment Management LLC, have also made significant adjustments to their holdings in Apple in recent months. These firms collectively hold about 67.73% of Apple’s outstanding stock. Various investment management entities reported increased stakes in Apple, reinforcing the company’s position as a popular and sought-after investment choice in the financial market.

Apple’s stock opened at $245.83 on the latest trading session. Some key financial indicators include a market capitalization of $3.69 trillion, a price-to-earnings ratio of 39.02, a beta of 1.20, and a debt-to-equity ratio of 1.26. The company’s 50-day and 200-day moving averages stand at $240.52 and $232.29, respectively, with a 52-week range between $164.07 and $260.10.

Following the release of its latest earnings report on January 30th, Apple posted earnings per share (EPS) of $2.40 for the quarter, surpassing analysts’ estimates by $0.04. Apple achieved a return on equity of 160.83% and a net margin of 24.30%. Analysts predict that Apple Inc. will report earnings per share of 7.28 for the fiscal year. Furthermore, Apple recently announced a quarterly dividend payment amounting to $0.25 per share, with investors receiving a dividend of $1.00 on an annual basis, yielding returns of 0.41%. Apple’s current dividend payout ratio stands at 15.87%.

Market analysts have issued a range of ratings on Apple’s stock, with several changes noted in recent reports. While StockNews.com downgraded Apple from a “buy” to a “hold” rating, Wells Fargo & Company raised their target price to $275.00 and maintained a “buy” rating. Jefferies Financial Group altered their rating to “underperform” from a previous “hold” status, simultaneously reducing their price target. Finally, The Goldman Sachs Group increased their price target to $294.00, advocating for a “buy” rating. Overall, data from MarketBeat indicates a consensus rating of “Moderate Buy” for Apple’s stock, alongside an average target price of $242.52.

In a notable insider activity, Apple’s COO, Jeffrey E. Williams, sold 100,000 shares of the company’s stock in a transaction on December 16th at an average price of $249.97 per share. This transaction totaled $24,997,000.00 and was followed by a flurry of market movements reflecting ongoing changes in the financial landscape surrounding Apple.