Apple Inc. (NASDAQ:AAPL) Stake Decreased by Trinity Legacy Partners LLC

Trinity Legacy Partners LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,853 shares of the iPhone maker’s stock after selling 936 shares during the quarter. Apple accounts for 2.1% of Trinity Legacy Partners LLC’s investment portfolio, making the stock its 9th biggest position. Trinity Legacy Partners LLC’s holdings in Apple were worth $4,211,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Centaurus Financial Inc. grew its holdings in Apple by 17.9% in the 1st quarter. Centaurus Financial Inc. now owns 8,318 shares of the iPhone maker’s stock worth $44,000 after acquiring an additional 1,262 shares during the last quarter. Avondale Wealth Management grew its holdings in Apple by 25.4% in the 2nd quarter. Avondale Wealth Management now owns 316 shares of the iPhone maker’s stock worth $63,000 after acquiring an additional 64 shares during the last quarter. NuWave Investment Management LLC grew its holdings in Apple by 2,245.0% in the 2nd quarter. NuWave Investment Management LLC now owns 469 shares of the iPhone maker’s stock worth $93,000 after acquiring an additional 449 shares during the last quarter. Horan Securities Inc. grew its holdings in Apple by 64.2% in the 2nd quarter. Horan Securities Inc. now owns 565 shares of the iPhone maker’s stock worth $112,000 after acquiring an additional 221 shares during the last quarter. Finally, Belvedere Advisors LLC bought a new stake in Apple in the 2nd quarter worth $119,000. Hedge funds and other institutional investors own 58.65% of the company’s stock.

In related news, insider Chris Kondo sold 4,376 shares of Apple stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $217.47, for a total transaction of $951,648.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Deirdre O’brien sold 12,459 shares of Apple stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $234.04, for a total transaction of $2,915,904.36. Following the transaction, the senior vice president now directly owns 57,819 shares of the company’s stock, valued at $13,531,958.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 450,140 shares of company stock valued at $95,606,404. 0.05% of the stock is currently owned by corporate insiders.

A number of brokerages have issued reports on AAPL. Canaccord Genuity reissued a “buy” rating and issued a $260.00 price target (up previously from $240.00) on shares of Apple in a report on Wednesday, October 9th. Longbow Research raised shares of Apple from a “neutral” rating to a “buy” rating and set a $260.00 price target on the stock in a report on Thursday, October 10th. Deutsche Bank set a $210.00 price target on shares of Apple and gave the stock a “hold” rating in a report on Tuesday, September 24th. Daiwa Capital Markets set a $223.00 price target on shares of Apple and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Barclays raised their price target on shares of Apple from $207.00 to $224.00 and gave the stock an “equal weight” rating in a report on Thursday. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $223.65.

Shares of AAPL traded up $0.84 during trading hours on Friday, reaching $235.17. 12,029,338 shares of the company traded hands, compared to its average volume of 29,228,544. The company’s fifty day moving average price is $220.36 and its two-hundred day moving average price is $204.04. The company has a market capitalization of $1,064.15 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 2.07 and a beta of 1.24. The company has a quick ratio of 1.47, a current ratio of 1.50 and a debt-to-equity ratio of 0.88. Apple Inc. has a 12 month low of $142.00 and a 12 month high of $238.13.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, July 30th. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.08. Apple had a net margin of 21.50% and a return on equity of 52.13%. The company had revenue of $53.81 billion during the quarter, compared to analysts’ expectations of $53.39 billion. During the same period last year, the company posted $2.34 EPS. Apple’s revenue was up 1.0% on a year-over-year basis. On average, analysts expect that Apple Inc. will post 11.68 EPS for the current year.

Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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