Thompson Investment Management Inc. Has $10.94 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Thompson Investment Management Inc. lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,688 shares of the iPhone maker’s stock after selling 207 shares during the period. Apple accounts for about 1.6% of Thompson Investment Management Inc.’s portfolio, making the stock its 12th largest position. Thompson Investment Management Inc.’s holdings in Apple were worth $10,940,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Drystone LLC purchased a new position in Apple during the fourth quarter worth about $25,000. Bull Oak Capital LLC increased its position in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the period. SPX Gestao de Recursos Ltda bought a new position in shares of Apple in the third quarter worth $71,000. Teachers Insurance & Annuity Association of America purchased a new stake in Apple in the third quarter valued at approximately $77,000. Finally, ARK Investment Management LLC purchased a new stake in Apple during the third quarter valued at about $110,000. Institutional investors own 67.73% of the company’s stock.

Insider Buying and Selling

In other news, CEO Timothy D. Cook sold 108,136 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the sale, the chief executive officer now owns 3,280,295 shares in the company, valued at approximately $733,637,976.75. This represents a 3.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Jeffrey E. Williams sold 35,493 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total value of $7,950,786.93. Following the completion of the sale, the chief operating officer now directly owns 390,059 shares of the company’s stock, valued at approximately $87,377,116.59. This represents a 8.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 182,451 shares of company stock valued at $40,818,720 over the last 90 days. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

AAPL has been the subject of a number of recent research reports. Sanford C. Bernstein boosted their target price on Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Rosenblatt Securities reissued a “buy” rating and issued a $263.00 target price on shares of Apple in a report on Thursday, April 3rd. Bank of America dropped their price objective on Apple from $265.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Maxim Group raised their target price on Apple to $215.00 and gave the stock a “hold” rating in a research report on Friday, February 21st. Finally, Jefferies Financial Group raised Apple from an “underperform” rating to a “hold” rating and lowered their price objective for the company from $202.33 to $167.88 in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus target price of $240.26.

Apple Trading Down 4.2 %

AAPL opened at $190.42 on Friday. The stock’s 50 day moving average price is $223.56 and its 200-day moving average price is $231.33. The stock has a market cap of $2.86 trillion, a price-to-earnings ratio of 30.23, a P/E/G ratio of 2.44 and a beta of 1.26. 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.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, equities analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is 15.87%.

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.