Trifecta Capital Advisors LLC Raises Position in Apple Inc. $AAPL

Trifecta Capital Advisors LLC lifted its position in Apple Inc. (NASDAQ:AAPL) by 12.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,884 shares of the iPhone maker’s stock after purchasing an additional 14,438 shares during the quarter. Apple comprises about 4.4% of Trifecta Capital Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Trifecta Capital Advisors LLC’s holdings in Apple were worth $26,238,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AAPL. Salus Financial Advisors LLC increased its stake in Apple by 3.9% during the first quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker’s stock worth $291,000 after acquiring an additional 49 shares during the last quarter. Red Tortoise LLC increased its stake in Apple by 0.9% during the second quarter. Red Tortoise LLC now owns 5,717 shares of the iPhone maker’s stock worth $1,173,000 after acquiring an additional 49 shares during the last quarter. SigFig Wealth Management LLC increased its stake in Apple by 2.8% during the second quarter. SigFig Wealth Management LLC now owns 1,830 shares of the iPhone maker’s stock worth $368,000 after acquiring an additional 50 shares during the last quarter. Shariaportfolio Inc. increased its stake in Apple by 1.3% during the second quarter. Shariaportfolio Inc. now owns 3,999 shares of the iPhone maker’s stock worth $820,000 after acquiring an additional 50 shares during the last quarter. Finally, Sharpepoint LLC increased its stake in Apple by 3.5% during the first quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker’s stock worth $322,000 after acquiring an additional 51 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Apple Stock Down 0.4%

Shares of NASDAQ AAPL opened at $270.37 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The firm has a market capitalization of $4.01 trillion, a price-to-earnings ratio of 41.03, a PEG ratio of 2.62 and a beta of 1.09. The stock has a 50 day moving average price of $248.34 and a 200 day moving average price of $222.34. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $277.32.

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

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Monday, November 10th will be issued a $0.26 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s payout ratio is presently 13.92%.

Analyst Ratings Changes

AAPL has been the topic of several analyst reports. Wells Fargo & Company set a $300.00 price objective on Apple and gave the stock an “overweight” rating in a research note on Friday. Melius Research set a $345.00 target price on Apple in a research report on Friday. Barclays boosted their target price on Apple from $180.00 to $230.00 and gave the company an “underweight” rating in a research report on Friday. Weiss Ratings restated a “hold (c+)” rating on shares of Apple in a research report on Wednesday, October 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Apple in a research report on Friday, July 25th. Three investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $276.39.

Insider Transactions at Apple

In related news, SVP Katherine L. Adams sold 47,125 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president owned 179,158 shares in the company, valued at approximately $46,005,982.82. The trade was a 20.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Timothy D. Cook sold 129,963 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total value of $33,375,798.03. Following the completion of the sale, the chief executive officer owned 3,280,295 shares of the company’s stock, valued at $842,412,558.95. The trade was a 3.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 259,121 shares of company stock worth $65,358,981 over the last three months. Company insiders own 0.06% of the company’s stock.

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.