Apple Inc. (NASDAQ:AAPL) Position Increased by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC grew its position in Apple Inc. (NASDAQ:AAPL) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,029 shares of the iPhone maker’s stock after acquiring an additional 1,305 shares during the period. Apple comprises 5.3% of Trifecta Capital Advisors LLC’s portfolio, making the stock its 4th largest holding. Trifecta Capital Advisors LLC’s holdings in Apple were worth $23,806,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Shields & Co. LLC boosted its holdings in shares of Apple by 3.6% in the second quarter. Wellington Shields & Co. LLC now owns 111,335 shares of the iPhone maker’s stock valued at $23,449,000 after acquiring an additional 3,900 shares in the last quarter. HHM Wealth Advisors LLC boosted its holdings in shares of Apple by 14.6% in the second quarter. HHM Wealth Advisors LLC now owns 53,227 shares of the iPhone maker’s stock valued at $11,211,000 after acquiring an additional 6,776 shares in the last quarter. VitalStone Financial LLC lifted its stake in shares of Apple by 49.4% in the second quarter. VitalStone Financial LLC now owns 8,195 shares of the iPhone maker’s stock valued at $1,726,000 after purchasing an additional 2,708 shares during the period. Evernest Financial Advisors LLC lifted its stake in shares of Apple by 14.4% in the second quarter. Evernest Financial Advisors LLC now owns 37,939 shares of the iPhone maker’s stock valued at $7,991,000 after purchasing an additional 4,781 shares during the period. Finally, AGF Management Ltd. lifted its stake in shares of Apple by 7.1% in the second quarter. AGF Management Ltd. now owns 624,547 shares of the iPhone maker’s stock valued at $131,542,000 after purchasing an additional 41,661 shares during the period. Hedge funds and other institutional investors own 60.41% of the company’s stock.

Apple Price Performance

Apple stock opened at $233.40 on Tuesday. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $237.49. The firm has a 50 day moving average price of $227.01 and a 200 day moving average price of $211.05. The company has a market cap of $3.58 trillion, a price-to-earnings ratio of 36.30, a PEG ratio of 2.40 and a beta of 1.24. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.06. Apple had a net margin of 26.44% and a return on equity of 147.15%. The firm had revenue of $85.78 billion during the quarter, compared to the consensus estimate of $84.43 billion. During the same period in the previous year, the firm earned $1.26 earnings per share. Apple’s revenue was up 4.9% compared to the same quarter last year. Sell-side analysts predict that Apple Inc. will post 6.65 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.43%. Apple’s dividend payout ratio is currently 15.55%.

Insiders Place Their Bets

In other Apple news, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the completion of the sale, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the sale, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the sale, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 517,924 shares of company stock worth $114,786,399 over the last ninety days. 0.06% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. UBS Group reiterated a “hold” rating and issued a $236.00 price objective on shares of Apple in a research note on Wednesday, October 16th. Morgan Stanley reiterated an “overweight” rating and issued a $273.00 price objective on shares of Apple in a research note on Tuesday, September 10th. StockNews.com upgraded shares of Apple from a “hold” rating to a “buy” rating in a research note on Tuesday, October 22nd. Maxim Group reiterated a “hold” rating and issued a $203.00 price objective on shares of Apple in a research note on Tuesday, September 10th. Finally, Evercore ISI reiterated a “buy” rating and issued a $250.00 price objective on shares of Apple in a research note on Thursday, September 26th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $235.91.

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.