Apple Inc. (NASDAQ:AAPL) Holdings Decreased by Bond & Devick Financial Network Inc.

Bond & Devick Financial Network Inc. reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 12.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,080 shares of the iPhone maker’s stock after selling 2,085 shares during the period. Apple comprises approximately 1.5% of Bond & Devick Financial Network Inc.’s holdings, making the stock its 15th largest holding. Bond & Devick Financial Network Inc.’s holdings in Apple were worth $3,514,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AAPL. Lantz Financial LLC raised its position in shares of Apple by 8.6% during the 2nd quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock worth $6,266,000 after purchasing an additional 2,361 shares during the period. First Horizon Advisors Inc. increased its position in Apple by 2.0% in the second quarter. First Horizon Advisors Inc. now owns 344,192 shares of the iPhone maker’s stock worth $72,494,000 after buying an additional 6,793 shares during the period. ZWJ Investment Counsel Inc. lifted its stake in Apple by 2.6% in the second quarter. ZWJ Investment Counsel Inc. now owns 287,608 shares of the iPhone maker’s stock valued at $60,576,000 after buying an additional 7,321 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Apple by 57.1% during the second quarter. China Universal Asset Management Co. Ltd. now owns 118,602 shares of the iPhone maker’s stock valued at $24,980,000 after acquiring an additional 43,123 shares during the period. Finally, First Citizens Bank & Trust Co. grew its position in shares of Apple by 2.8% during the second quarter. First Citizens Bank & Trust Co. now owns 524,633 shares of the iPhone maker’s stock worth $110,498,000 after acquiring an additional 14,213 shares during the last quarter. 67.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of analyst reports. Evercore ISI reissued a “buy” rating and set a $250.00 target price on shares of Apple in a research note on Thursday, September 26th. StockNews.com downgraded Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Loop Capital lowered their target price on Apple from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Oppenheimer reiterated a “buy” rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, October 1st. Finally, Jefferies Financial Group cut Apple from a “buy” rating to a “hold” rating and increased their price target for the stock from $205.00 to $212.92 in a research note on Monday, October 7th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $239.85.

Insider Buying and Selling at Apple

In related news, COO Jeffrey E. Williams sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the sale, the chief operating officer now directly owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $228.87, for a total transaction of $945,233.10. Following the transaction, the insider now directly owns 15,419 shares in the company, valued at $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.06% of the company’s stock.

Apple Stock Up 0.8 %

Shares of NASDAQ:AAPL opened at $229.98 on Friday. The firm has a 50 day simple moving average of $241.01 and a 200 day simple moving average of $230.65. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $260.10. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The company has a market cap of $3.48 trillion, a PE ratio of 37.83, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. During the same quarter in the prior year, the company earned $1.46 earnings per share. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. Apple’s payout ratio is presently 16.45%.

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.