Apple Inc. (NASDAQ:AAPL) Shares Purchased by Trinity Financial Advisors LLC

Trinity Financial Advisors LLC raised its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 2.2% during the 3rd quarter, Holdings Channel reports. The firm owned 33,405 shares of the iPhone maker’s stock after acquiring an additional 724 shares during the quarter. Apple comprises about 3.3% of Trinity Financial Advisors LLC’s holdings, making the stock its 7th biggest position. Trinity Financial Advisors LLC’s holdings in Apple were worth $4,617,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Legal & General Group Plc increased its stake in shares of Apple by 8.2% during the 2nd quarter. Legal & General Group Plc now owns 123,534,393 shares of the iPhone maker’s stock worth $16,889,649,000 after purchasing an additional 9,411,018 shares in the last quarter. Vanguard Group Inc. grew its holdings in Apple by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after buying an additional 8,734,393 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Apple by 12.1% during the second quarter. UBS Asset Management Americas Inc. now owns 80,467,043 shares of the iPhone maker’s stock worth $11,001,469,000 after buying an additional 8,716,964 shares in the last quarter. Swiss National Bank raised its holdings in shares of Apple by 13.1% in the first quarter. Swiss National Bank now owns 71,060,708 shares of the iPhone maker’s stock worth $12,407,910,000 after acquiring an additional 8,230,300 shares during the last quarter. Finally, Verity Asset Management Inc. lifted its position in shares of Apple by 29,097.9% in the first quarter. Verity Asset Management Inc. now owns 5,300,881 shares of the iPhone maker’s stock valued at $189,000 after acquiring an additional 5,282,726 shares in the last quarter. Hedge funds and other institutional investors own 57.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AAPL shares. KeyCorp reiterated a “buy” rating and set a $175.00 price objective on shares of Apple in a research report on Tuesday, November 8th. UBS Group set a $180.00 price objective on shares of Apple in a research report on Monday. StockNews.com lowered shares of Apple from a “buy” rating to a “hold” rating in a research report on Saturday, November 5th. BNP Paribas downgraded Apple from an “outperform” rating to a “neutral” rating and set a $140.00 price target for the company. in a report on Tuesday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Apple from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and an average price target of $166.44.

Apple Stock Performance

Apple stock opened at $141.11 on Tuesday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.85 and a current ratio of 0.88. Apple Inc. has a one year low of $124.17 and a one year high of $179.61. The stock’s 50 day moving average price is $138.57 and its 200 day moving average price is $148.14. The firm has a market capitalization of $2.23 trillion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 1.78 and a beta of 1.24.

Apple (NASDAQ:AAPLGet Rating) last announced its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.03. Apple had a net margin of 25.31% and a return on equity of 160.90%. The business had revenue of $90.15 billion during the quarter, compared to the consensus estimate of $88.77 billion. During the same period in the prior year, the firm earned $1.24 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts expect that Apple Inc. will post 6.19 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, November 4th. Apple’s payout ratio is 15.06%.

Insider Buying and Selling

In other Apple news, insider Chris Kondo sold 20,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the completion of the sale, the insider now owns 31,505 shares in the company, valued at approximately $4,685,423.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction on Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the completion of the sale, the chief financial officer now owns 110,673 shares in the company, valued at $17,259,454.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Chris Kondo sold 20,200 shares of the stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the transaction, the insider now owns 31,505 shares in the company, valued at $4,685,423.60. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Apple Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, 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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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