Tritonpoint Wealth LLC Reduces Stock Position in Apple Inc. (NASDAQ:AAPL)

Tritonpoint Wealth LLC decreased its position in Apple Inc. (NASDAQ:AAPL) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 397,450 shares of the iPhone maker’s stock after selling 3,775 shares during the quarter. Apple comprises approximately 9.0% of Tritonpoint Wealth LLC’s holdings, making the stock its largest position. Tritonpoint Wealth LLC’s holdings in Apple were worth $99,530,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AAPL. AMF Tjanstepension AB lifted its position in shares of Apple by 21.1% during the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock valued at $787,631,000 after acquiring an additional 588,427 shares during the last quarter. BWM Planning LLC acquired a new stake in shares of Apple during the third quarter worth $10,936,000. Guild Investment Management Inc. lifted its holdings in shares of Apple by 5.7% during the third quarter. Guild Investment Management Inc. now owns 17,298 shares of the iPhone maker’s stock valued at $4,031,000 after purchasing an additional 940 shares during the last quarter. JGP Wealth Management LLC boosted its position in shares of Apple by 5.2% in the 3rd quarter. JGP Wealth Management LLC now owns 219,895 shares of the iPhone maker’s stock valued at $51,235,000 after purchasing an additional 10,945 shares during the period. Finally, Fermata Advisors LLC increased its stake in Apple by 2.1% in the 3rd quarter. Fermata Advisors LLC now owns 69,485 shares of the iPhone maker’s stock worth $16,190,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of analyst reports. Argus raised shares of Apple to a “strong-buy” rating in a research note on Friday, January 31st. Wedbush reaffirmed an “outperform” rating and issued a $325.00 price objective on shares of Apple in a research note on Friday, March 14th. Loop Capital downgraded shares of Apple from a “buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a research note on Tuesday, January 21st. 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, Wells Fargo & Company upped their price target on Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.52.

Apple Stock Performance

NASDAQ:AAPL opened at $217.90 on Friday. The firm’s 50-day moving average is $230.70 and its 200-day moving average is $233.35. The company has a market cap of $3.27 trillion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.44 and a beta of 1.18. 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 52-week low of $164.08 and a 52-week 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 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%. Equities research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. Apple’s dividend payout ratio (DPR) 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.