Apple Inc. $AAPL Shares Sold by TriaGen Wealth Management LLC

TriaGen Wealth Management LLC lowered its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,326 shares of the iPhone maker’s stock after selling 4,806 shares during the period. Apple accounts for 10.1% of TriaGen Wealth Management LLC’s investment portfolio, making the stock its largest holding. TriaGen Wealth Management LLC’s holdings in Apple were worth $33,304,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC boosted its stake in shares of Apple by 573,627.2% during the second quarter. Kingstone Capital Partners Texas LLC now owns 205,692,660 shares of the iPhone maker’s stock worth $39,065,374,000 after buying an additional 205,656,808 shares during the period. Nuveen LLC acquired a new stake in Apple during the 1st quarter worth approximately $17,472,482,000. Northern Trust Corp lifted its position in Apple by 13.3% during the 4th quarter. Northern Trust Corp now owns 171,385,531 shares of the iPhone maker’s stock worth $42,918,365,000 after acquiring an additional 20,079,472 shares during the period. Amundi lifted its position in Apple by 27.4% during the 1st quarter. Amundi now owns 68,190,569 shares of the iPhone maker’s stock worth $13,870,795,000 after acquiring an additional 14,651,321 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Apple by 14.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 104,706,358 shares of the iPhone maker’s stock worth $26,220,566,000 after acquiring an additional 13,137,968 shares during the period. Institutional investors and hedge funds own 67.73% of the company’s stock.

Insider Buying and Selling

In other news, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $256.79, for a total value of $12,101,228.75. Following the completion of the transaction, the senior vice president directly owned 179,158 shares of the company’s stock, valued at $46,005,982.82. The trade was a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Kevan Parekh sold 4,199 shares of the business’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $247.39, for a total value of $1,038,790.61. Following the completion of the transaction, the chief financial officer directly owned 8,765 shares of the company’s stock, valued at approximately $2,168,373.35. This trade represents a 32.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 259,121 shares of company stock worth $65,358,981 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on AAPL shares. Seaport Res Ptn upgraded shares of Apple to a “strong-buy” rating in a research note on Wednesday, October 1st. Moffett Nathanson upgraded shares of Apple from a “sell” rating to a “neutral” rating and set a $225.00 price objective for the company in a research report on Thursday, September 4th. Rosenblatt Securities raised their price objective on shares of Apple from $223.00 to $241.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. Raymond James Financial restated an “outperform” rating and issued a $240.00 price objective (up previously from $230.00) on shares of Apple in a research report on Friday, August 1st. Finally, BMO Capital Markets reissued a “buy” rating on shares of Apple in a report on Wednesday, August 13th. Four equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $255.49.

Apple Stock Performance

Shares of AAPL stock opened at $271.40 on Friday. The stock has a fifty day moving average price of $247.48 and a 200 day moving average price of $221.54. The stock has a market cap of $4.03 trillion, a PE ratio of 41.18, a P/E/G ratio of 2.62 and a beta of 1.09. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $274.14. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.11. The business had revenue of $102.47 billion during the quarter, compared to the consensus estimate of $101.65 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.64 EPS. Sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

About Apple

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.