Nicollet Investment Management Inc. Sells 3,915 Shares of Apple Inc. (NASDAQ:AAPL)

Nicollet Investment Management Inc. trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 215,037 shares of the iPhone maker’s stock after selling 3,915 shares during the period. Apple comprises about 12.8% of Nicollet Investment Management Inc.’s portfolio, making the stock its largest position. Nicollet Investment Management Inc.’s holdings in Apple were worth $30,428,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. First Bank & Trust boosted its holdings in Apple by 0.4% in the 3rd quarter. First Bank & Trust now owns 17,600 shares of the iPhone maker’s stock valued at $2,491,000 after purchasing an additional 69 shares during the period. Blossom Wealth Management boosted its holdings in Apple by 1.4% in the 3rd quarter. Blossom Wealth Management now owns 5,197 shares of the iPhone maker’s stock valued at $735,000 after purchasing an additional 70 shares during the period. Gibson Capital LLC raised its position in shares of Apple by 0.7% in the 3rd quarter. Gibson Capital LLC now owns 9,442 shares of the iPhone maker’s stock valued at $1,330,000 after buying an additional 70 shares in the last quarter. FOCUS Wealth Advisors LLC raised its position in shares of Apple by 0.5% in the 3rd quarter. FOCUS Wealth Advisors LLC now owns 14,609 shares of the iPhone maker’s stock valued at $2,067,000 after buying an additional 71 shares in the last quarter. Finally, Copperwynd Financial LLC raised its position in shares of Apple by 0.5% in the 3rd quarter. Copperwynd Financial LLC now owns 15,581 shares of the iPhone maker’s stock valued at $2,205,000 after buying an additional 79 shares in the last quarter. Institutional investors and hedge funds own 56.49% of the company’s stock.

In related news, CFO Luca Maestri sold 165,829 shares of the stock in a transaction on Tuesday, October 19th. The shares were sold at an average price of $148.62, for a total transaction of $24,645,505.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Deirdre O’brien sold 18,247 shares of the firm’s stock in a transaction on 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. Over the last three months, insiders have sold 218,081 shares of company stock worth $32,383,704. 0.06% of the stock is owned by insiders.

Several brokerages have recently commented on AAPL. Credit Suisse Group began coverage on shares of Apple in a research report on Friday, October 29th. They issued a “neutral” rating and a $150.00 target price for the company. Sanford C. Bernstein boosted their target price on shares of Apple from $132.00 to $170.00 in a research report on Tuesday. UBS Group set a $175.00 target price on shares of Apple in a research report on Wednesday, November 24th. Fundamental Research boosted their target price on shares of Apple from $163.99 to $164.79 and gave the company a “buy” rating in a research report on Tuesday, November 23rd. Finally, KeyCorp started coverage on shares of Apple in a research report on Monday, December 6th. They issued an “overweight” rating and a $191.00 target price for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Apple currently has an average rating of “Buy” and an average price target of $176.74.

NASDAQ:AAPL opened at $173.07 on Friday. The firm’s fifty day moving average is $167.84 and its 200-day moving average is $154.11. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a 52 week low of $116.21 and a 52 week high of $182.94. The firm has a market cap of $2.83 trillion, a P/E ratio of 30.80, a P/E/G ratio of 2.41 and a beta of 1.20.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Wednesday, October 27th. The iPhone maker reported $1.24 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.24. The company had revenue of $83.40 billion for the quarter, compared to analyst estimates of $84.94 billion. Apple had a net margin of 25.88% and a return on equity of 144.13%. The company’s quarterly revenue was up 28.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 EPS. As a group, sell-side analysts anticipate that Apple Inc. will post 5.82 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 11th. Investors of record on Monday, November 8th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 0.51%. The ex-dividend date was Friday, November 5th. Apple’s dividend payout ratio is presently 15.66%.

About Apple

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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