Apple Inc. (NASDAQ:AAPL) Stock Position Increased by TriaGen Wealth Management LLC

TriaGen Wealth Management LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 7.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,731 shares of the iPhone maker’s stock after purchasing an additional 5,113 shares during the period. Apple comprises approximately 7.0% of TriaGen Wealth Management LLC’s holdings, making the stock its biggest holding. TriaGen Wealth Management LLC’s holdings in Apple were worth $14,773,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Apple by 0.7% in the first 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. Moneta Group Investment Advisors LLC grew its stake in Apple by 116,483.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock worth $74,002,245,000 after acquiring an additional 569,066,184 shares during the period. Geode Capital Management LLC lifted its stake in shares of Apple by 2.2% during the 2nd quarter. Geode Capital Management LLC now owns 291,538,165 shares of the iPhone maker’s stock worth $56,396,763,000 after purchasing an additional 6,367,053 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Apple by 3.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 234,017,381 shares of the iPhone maker’s stock worth $38,589,468,000 after purchasing an additional 7,736,013 shares during the last quarter. Finally, Morgan Stanley grew its position in shares of Apple by 14.2% in the fourth quarter. Morgan Stanley now owns 208,655,323 shares of the iPhone maker’s stock valued at $27,110,586,000 after purchasing an additional 25,926,552 shares during the period. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AAPL has been the topic of several research analyst reports. Rosenblatt Securities reissued a “neutral” rating and issued a $189.00 target price on shares of Apple in a research report on Tuesday, March 5th. Wedbush reiterated an “outperform” rating and issued a $250.00 price target on shares of Apple in a report on Tuesday, April 9th. Morgan Stanley restated an “overweight” rating and set a $220.00 price objective on shares of Apple in a report on Friday, March 22nd. Loop Capital reduced their target price on Apple from $185.00 to $170.00 and set a “hold” rating on the stock in a report on Monday, April 1st. Finally, Monness Crespi & Hardt upped their price target on Apple from $189.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $203.34.

Insider Activity

In related news, Director Arthur D. Levinson sold 100,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now directly owns 4,434,576 shares in the company, valued at $802,392,181.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Apple news, CEO Timothy D. Cook sold 99,183 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $170.03, for a total value of $16,864,085.49. Following the transaction, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arthur D. Levinson sold 100,000 shares of Apple stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the transaction, the director now owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 366,271 shares of company stock worth $63,653,887. 0.06% of the stock is currently owned by insiders.

Apple Price Performance

Shares of AAPL stock opened at $165.00 on Monday. The firm has a market cap of $2.55 trillion, a P/E ratio of 25.70, a P/E/G ratio of 1.99 and a beta of 1.27. The firm has a fifty day moving average of $174.67 and a two-hundred day moving average of $182.17. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. Apple Inc. has a 1-year low of $162.80 and a 1-year high of $199.62.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The business had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.88 earnings per share. As a group, research analysts anticipate that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were given a $0.24 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.58%. Apple’s payout ratio is 14.95%.

Apple Company 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.