True Vision MN LLC Trims Holdings in Apple Inc. (NASDAQ:AAPL)

True Vision MN LLC reduced its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,928 shares of the iPhone maker’s stock after selling 171 shares during the period. True Vision MN LLC’s holdings in Apple were worth $1,234,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of AAPL. AMF Tjanstepension AB raised its stake in shares of Apple by 21.1% during the third quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock worth $787,631,000 after purchasing an additional 588,427 shares during the last quarter. Latitude Advisors LLC raised its position in Apple by 0.3% during the 3rd quarter. Latitude Advisors LLC now owns 17,236 shares of the iPhone maker’s stock worth $4,016,000 after buying an additional 50 shares during the last quarter. Werba Rubin Papier Wealth Management raised its position in Apple by 17.7% during the 3rd quarter. Werba Rubin Papier Wealth Management now owns 112,056 shares of the iPhone maker’s stock worth $26,109,000 after buying an additional 16,841 shares during the last quarter. Madison Park Capital Advisors LLC lifted its stake in shares of Apple by 107.4% in the 3rd quarter. Madison Park Capital Advisors LLC now owns 26,999 shares of the iPhone maker’s stock worth $6,291,000 after acquiring an additional 13,982 shares during the period. Finally, Bernardo Wealth Planning LLC boosted its holdings in shares of Apple by 2.9% in the third quarter. Bernardo Wealth Planning LLC now owns 40,825 shares of the iPhone maker’s stock valued at $9,477,000 after acquiring an additional 1,137 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Apple

In other Apple news, CEO Timothy D. Cook sold 108,136 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total value of $24,184,616.40. Following the completion of the sale, the chief executive officer now owns 3,280,295 shares of the company’s stock, valued at $733,637,976.75. This trade represents a 3.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Katherine L. Adams sold 38,822 shares of Apple stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the sale, the senior vice president now owns 179,158 shares in the company, valued at $40,072,269.86. This represents a 17.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 182,451 shares of company stock valued at $40,818,720 over the last three months. 0.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

AAPL has been the subject of a number of recent analyst reports. Maxim Group raised their price objective on shares of Apple to $215.00 and gave the company a “hold” rating in a research report on Friday, February 21st. Moffett Nathanson reissued a “sell” rating and issued a $188.00 price target (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. Argus raised Apple to a “strong-buy” rating in a report on Friday, January 31st. Barclays increased their price objective on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Finally, DA Davidson set a $290.00 price target on shares of Apple in a report on Friday, January 31st. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $240.26.

Apple Stock Up 4.1 %

AAPL stock opened at $198.15 on Monday. The company has a 50 day moving average price of $222.87 and a two-hundred day moving average price of $231.16. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. Apple Inc. has a one year low of $164.08 and a one year high of $260.10. The stock has a market capitalization of $2.98 trillion, a P/E ratio of 31.45, a PEG ratio of 2.44 and a beta of 1.26.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, sell-side analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.50%. Apple’s dividend payout ratio is currently 15.87%.

Apple Company 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.