Apple Inc. (NASDAQ:AAPL) Holdings Lowered by Nicollet Investment Management Inc.

Nicollet Investment Management Inc. cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 215,037 shares of the iPhone maker’s stock after selling 3,915 shares during the quarter. Apple makes up 12.8% of Nicollet Investment Management Inc.’s investment portfolio, making the stock its biggest position. Nicollet Investment Management Inc.’s holdings in Apple were worth $30,428,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AAPL. Amundi purchased a new position in shares of Apple during the second quarter worth approximately $5,528,240,000. Vanguard Group Inc. increased its stake in shares of Apple by 2.1% in the second quarter. Vanguard Group Inc. now owns 1,264,936,543 shares of the iPhone maker’s stock worth $173,245,709,000 after buying an additional 25,553,808 shares during the period. Liberty Wealth Management LLC increased its stake in shares of Apple by 13,998.4% in the second quarter. Liberty Wealth Management LLC now owns 25,320,849 shares of the iPhone maker’s stock worth $184,697,000 after buying an additional 25,141,248 shares during the period. Nordea Investment Management AB increased its stake in shares of Apple by 97.9% in the third quarter. Nordea Investment Management AB now owns 36,546,345 shares of the iPhone maker’s stock worth $5,239,285,000 after buying an additional 18,074,896 shares during the period. Finally, Macquarie Group Ltd. increased its stake in shares of Apple by 515.0% in the second quarter. Macquarie Group Ltd. now owns 15,285,356 shares of the iPhone maker’s stock worth $2,093,483,000 after buying an additional 12,799,829 shares during the period. 56.49% of the stock is currently owned by hedge funds and other institutional investors.

In other Apple news, SVP Katherine L. Adams sold 25,000 shares of the business’s stock in a transaction dated Monday, November 1st. The stock was sold at an average price of $148.68, for a total value of $3,717,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Deirdre O’brien sold 18,247 shares of the company’s stock in a transaction dated Monday, October 18th. The shares were sold at an average price of $146.35, for a total transaction of $2,670,448.45. The disclosure for this sale can be found here. In the last three months, insiders sold 218,081 shares of company stock valued at $32,383,704. 0.06% of the stock is owned by insiders.

Several brokerages recently commented on AAPL. DZ Bank reaffirmed a “buy” rating on shares of Apple in a research note on Monday, December 13th. Citigroup lifted their target price on shares of Apple from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, December 22nd. JPMorgan Chase & Co. set a $210.00 price target on shares of Apple and gave the company an “overweight” rating in a report on Tuesday, December 14th. DA Davidson lifted their price target on shares of Apple from $167.00 to $175.00 and gave the company a “buy” rating in a report on Tuesday, October 19th. Finally, Oppenheimer lifted their price target on shares of Apple from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Friday, October 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $176.74.

Shares of Apple stock opened at $173.07 on Friday. The stock has a market cap of $2.83 trillion, a price-to-earnings ratio of 30.80, a PEG ratio of 2.41 and a beta of 1.20. The firm’s 50-day moving average is $167.84 and its 200 day moving average is $154.11. Apple Inc. has a 1 year low of $116.21 and a 1 year high of $182.94. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.07 and a quick ratio of 1.02.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Wednesday, October 27th. The iPhone maker reported $1.24 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.24. The company had revenue of $83.40 billion for the quarter, compared to analysts’ expectations of $84.94 billion. Apple had a net margin of 25.88% and a return on equity of 144.13%. Apple’s revenue was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 EPS. On average, equities analysts expect that Apple Inc. will post 5.82 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 11th. Shareholders of record on Monday, November 8th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Friday, November 5th. Apple’s dividend payout ratio (DPR) is 15.66%.

Apple Company Profile

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety 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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