Trinity Wealth Management LLC Sells 497 Shares of Apple Inc. (NASDAQ:AAPL)

Trinity Wealth Management LLC lowered its position in Apple Inc. (NASDAQ:AAPL) by 8.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,397 shares of the iPhone maker’s stock after selling 497 shares during the quarter. Apple accounts for approximately 0.6% of Trinity Wealth Management LLC’s investment portfolio, making the stock its 26th largest position. Trinity Wealth Management LLC’s holdings in Apple were worth $1,137,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bull Oak Capital LLC increased its stake in shares of Apple by 53,445.3% in the fourth quarter. Bull Oak Capital LLC now owns 175,093 shares of the iPhone maker’s stock valued at $33,711,000 after buying an additional 174,766 shares during the period. Seascape Capital Management lifted its stake in shares of Apple by 3.7% in the fourth quarter. Seascape Capital Management now owns 33,009 shares of the iPhone maker’s stock worth $6,355,000 after acquiring an additional 1,174 shares during the period. ORG Partners LLC boosted its holdings in Apple by 7.7% in the fourth quarter. ORG Partners LLC now owns 56,667 shares of the iPhone maker’s stock valued at $10,914,000 after acquiring an additional 4,073 shares during the last quarter. Baystate Wealth Management LLC increased its position in Apple by 2.5% during the 4th quarter. Baystate Wealth Management LLC now owns 69,068 shares of the iPhone maker’s stock valued at $13,298,000 after purchasing an additional 1,708 shares during the period. Finally, Saxony Capital Management LLC bought a new position in Apple during the 4th quarter worth approximately $3,025,000. Institutional investors own 60.41% of the company’s stock.

Insider Activity

In related news, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total value of $1,958,850.00. Following the transaction, the insider now owns 15,419 shares in the company, valued at $3,469,275. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Katherine L. Adams sold 100,000 shares of Apple stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the sale, the senior vice president now owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Chris Kondo sold 8,706 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $225.00, for a total transaction of $1,958,850.00. Following the sale, the insider now directly owns 15,419 shares in the company, valued at $3,469,275. The disclosure for this sale can be found here. Insiders sold 113,884 shares of company stock valued at $23,723,887 in the last three months. Company insiders own 0.06% of the company’s stock.

Apple Trading Down 0.7 %

NASDAQ:AAPL opened at $220.82 on Friday. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.23. The firm has a 50-day moving average price of $223.09 and a two-hundred day moving average price of $197.26. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.91 and a current ratio of 0.95. The firm has a market cap of $3.39 trillion, a price-to-earnings ratio of 34.34, a price-to-earnings-growth ratio of 2.69 and a beta of 1.24.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.06. The company had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. Apple’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 earnings per share. On average, equities analysts expect that Apple Inc. will post 6.7 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Monday, August 12th. Apple’s payout ratio is 15.55%.

Wall Street Analysts Forecast Growth

AAPL has been the subject of several recent analyst reports. Wedbush increased their price objective on shares of Apple from $275.00 to $285.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Barclays lowered their price objective on Apple from $187.00 to $186.00 and set an “underweight” rating for the company in a research report on Friday, August 2nd. Tigress Financial upped their target price on Apple from $245.00 to $295.00 and gave the company a “strong-buy” rating in a research report on Wednesday, August 28th. Monness Crespi & Hardt lifted their target price on Apple from $205.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Bank of America restated a “buy” rating and set a $256.00 price target on shares of Apple in a report on Thursday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $238.62.

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.