Triumph Capital Management Acquires 4,640 Shares of Apple Inc. $AAPL

Triumph Capital Management raised its stake in Apple Inc. (NASDAQ:AAPL) by 28.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,054 shares of the iPhone maker’s stock after acquiring an additional 4,640 shares during the period. Apple makes up 1.3% of Triumph Capital Management’s portfolio, making the stock its 18th largest holding. Triumph Capital Management’s holdings in Apple were worth $4,320,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. ROSS JOHNSON & Associates LLC grew its stake in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after buying an additional 180 shares during the last quarter. Life Planning Partners Inc bought a new position in Apple in the 4th quarter valued at $47,000. Elite Financial Inc. bought a new position in Apple in the 1st quarter valued at $58,000. Conquis Financial LLC bought a new position in Apple in the 4th quarter valued at $63,000. Finally, LSV Asset Management bought a new position in Apple in the 4th quarter valued at $65,000. 67.73% of the stock is owned by institutional investors.

Insider Activity at Apple

In other news, SVP Deirdre O’brien sold 34,821 shares of the company’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $223.20, for a total value of $7,772,047.20. Following the sale, the senior vice president directly owned 136,687 shares of the company’s stock, valued at $30,508,538.40. This represents a 20.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is owned by company insiders.

Apple Trading Up 4.3%

NASDAQ:AAPL opened at $256.08 on Tuesday. Apple Inc. has a 12 month low of $169.21 and a 12 month high of $260.10. The firm has a fifty day simple moving average of $225.30 and a 200-day simple moving average of $212.22. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $3.80 trillion, a P/E ratio of 38.86, a PEG ratio of 2.55 and a beta of 1.11.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.14. Apple had a return on equity of 170.91% and a net margin of 24.30%.The company had revenue of $94.04 billion during the quarter, compared to analysts’ expectations of $88.64 billion. During the same quarter in the previous year, the firm posted $1.40 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. On average, 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 disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple’s dividend payout ratio is 15.78%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AAPL shares. HSBC set a $220.00 price target on shares of Apple and gave the stock a “hold” rating in a report on Monday, September 8th. Needham & Company LLC restated a “hold” rating on shares of Apple in a research note on Friday, July 25th. Morgan Stanley set a $240.00 price objective on Apple and gave the stock an “overweight” rating in a research note on Wednesday, September 3rd. Melius Research set a $290.00 price objective on Apple and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Finally, Citigroup reissued a “buy” rating on shares of Apple in a research note on Wednesday, September 10th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.03.

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.