True Vision MN LLC Cuts Stake in Apple Inc. $AAPL

True Vision MN LLC trimmed its stake in Apple Inc. (NASDAQ:AAPL) by 34.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,141 shares of the iPhone maker’s stock after selling 1,647 shares during the quarter. True Vision MN LLC’s holdings in Apple were worth $644,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAPL. Vanguard Group Inc. lifted its position in shares of Apple by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,400,790,809 shares of the iPhone maker’s stock valued at $311,157,662,000 after buying an additional 5,005,297 shares during the last quarter. Kingstone Capital Partners Texas LLC lifted its holdings in Apple by 573,627.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock valued at $39,065,374,000 after purchasing an additional 205,656,808 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Apple by 13.3% during the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock valued at $42,918,365,000 after buying an additional 20,079,472 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Apple by 14.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker’s stock valued at $26,220,566,000 after buying an additional 13,137,968 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Apple by 1.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 98,099,909 shares of the iPhone maker’s stock valued at $21,790,933,000 after buying an additional 984,157 shares in the last quarter. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Cowen restated a “buy” rating on shares of Apple in a research report on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of Apple in a research report on Wednesday, October 8th. BMO Capital Markets reissued a “buy” rating on shares of Apple in a report on Wednesday, August 13th. Moffett Nathanson upgraded 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. Finally, The Goldman Sachs Group set a $279.00 target price on shares of Apple and gave the company a “buy” rating in a research note on Tuesday, October 21st. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $255.49.

Insider Activity at Apple

In other news, SVP Deirdre O’brien sold 43,013 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the transaction, the senior vice president directly owned 136,687 shares of the company’s stock, valued at approximately $35,181,866.93. This trade represents a 23.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Timothy D. Cook sold 129,963 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the transaction, the chief executive officer directly owned 3,280,295 shares in the company, valued at approximately $842,412,558.95. This trade represents a 3.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 259,121 shares of company stock worth $65,358,981. 0.06% of the stock is currently owned by corporate insiders.

Apple Trading Up 0.6%

Shares of NASDAQ AAPL opened at $271.40 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The business’s 50 day moving average price is $247.48 and its 200-day moving average price is $221.54. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $274.14. The company has a market cap of $4.03 trillion, a price-to-earnings ratio of 41.18, a PEG ratio of 2.62 and a beta of 1.09.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.11. Apple had a return on equity of 170.91% and a net margin of 24.30%.The business had revenue of $102.47 billion for the quarter, compared to analyst estimates of $101.65 billion. During the same quarter last year, the firm posted $1.64 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. On average, sell-side analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

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.