Trifecta Capital Advisors LLC Acquires 1,491 Shares of Apple Inc. $AAPL

Trifecta Capital Advisors LLC boosted its holdings in Apple Inc. (NASDAQ:AAPL) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 124,350 shares of the iPhone maker’s stock after acquiring an additional 1,491 shares during the quarter. Apple accounts for approximately 5.0% of Trifecta Capital Advisors LLC’s investment portfolio, making the stock its 3rd biggest holding. Trifecta Capital Advisors LLC’s holdings in Apple were worth $41,411,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AAPL. Avenir Tech Ltd bought a new position in shares of Apple in the second quarter valued at approximately $29,000. Ironwood Wealth Management Inc. purchased a new position in shares of Apple during the third quarter valued at approximately $34,000. Longfellow Investment Management Co. LLC bought a new stake in Apple during the second quarter worth $30,000. ABS Investment Management LLC bought a new stake in Apple during the second quarter worth $376,168,000. Finally, Bamco Inc. NY bought a new stake in Apple during the second quarter worth $118,000. Institutional investors own 67.73% of the company’s stock.

Insider Activity at Apple

In related news, SVP Deirdre O’brien sold 46,389 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $333.42, for a total value of $15,467,020.38. Following the transaction, the senior vice president directly owned 136,810 shares of the company’s stock, valued at approximately $45,615,190.20. The trade was a 25.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Jennifer Newstead sold 2,399 shares of the stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $325.75, for a total transaction of $781,474.25. Following the transaction, the senior vice president owned 29,997 shares of the company’s stock, valued at approximately $9,771,522.75. The trade was a 7.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 291,651 shares of company stock worth $97,082,537. 0.06% of the stock is owned by company insiders.

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple beat fiscal fourth-quarter earnings and revenue estimates, with solid iPhone and Mac demand. Apple also says more apps optimized for its new foldable iPhone are coming, potentially improving the product’s appeal. Apple earnings beat
• Positive Sentiment: Apple has held up better than many chipmakers amid the AI-stock sell-off, and Bernstein raised its price target to $380 while maintaining a Buy rating. This relative strength may support investor sentiment. Apple holds up amid market weakness
• Neutral Sentiment: Apple is reportedly seeking about $7.5 billion through a bond offering. The financing provides flexibility, though the reports do not specify its use. The company is also limiting some employees’ AI-tool budgets, a move that could help control costs but raises questions about its internal AI investment. Apple bond sale report
• Negative Sentiment: Management warned of unprecedented memory-chip costs and supply constraints heading into the holiday quarter, putting gross margins at risk despite healthy demand. Investors are also weighing slower Services growth and Apple’s premium valuation. Memory costs and supply constraints

Analyst Upgrades and Downgrades

A number of research firms recently commented on AAPL. Oppenheimer reissued a “market perform” rating on shares of Apple in a research report on Thursday, September 10th. Bank of America reaffirmed a “buy” rating and set a $370.00 price objective on shares of Apple in a report on Wednesday, September 23rd. Rosenblatt Securities reiterated a “neutral” rating and issued a $303.00 target price on shares of Apple in a research note on Tuesday, November 3rd. Melius Research set a $370.00 target price on shares of Apple in a report on Tuesday, November 3rd. Finally, Seaport Research Partners downgraded shares of Apple from a “buy” rating to a “neutral” rating in a report on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $343.74.

Apple Stock Performance

Shares of AAPL opened at $342.37 on Monday. The stock has a 50 day moving average of $336.01 and a 200 day moving average of $298.50. The company has a market capitalization of $4.98 trillion, a price-to-earnings ratio of 38.17, a PEG ratio of 3.22 and a beta of 1.07. Apple Inc. has a 12 month low of $243.42 and a 12 month high of $355.38. The company has a current ratio of 1.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.61.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.11. The business had revenue of $114.48 billion for the quarter, compared to analysts’ expectations of $113.40 billion. Apple had a return on equity of 125.35% and a net margin of 27.60%. The business’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.85 earnings per share. As a group, sell-side analysts forecast that Apple Inc. will post 9.68 earnings per share for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, November 12th. Apple’s payout ratio is presently 12.04%.

Apple Company Profile

Apple Inc designs, manufactures and markets consumer electronics, software and digital services. Its products include the iPhone, Mac computers, iPad, Apple Watch and AirPods, along with operating systems and applications such as iOS, macOS and iPadOS.

The company also offers services including the App Store, Apple Music, Apple TV+, iCloud and Apple Pay. These products and services are integrated across Apple’s devices and are sold to consumers, businesses and institutions around the world.

Founded in 1976 and headquartered in Cupertino, California, Apple serves customers globally through online and retail stores, wireless carriers and other resellers.