Trinity Wealth Management LLC Decreases Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Trinity Wealth Management LLC lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,255 shares of the iPhone maker’s stock after selling 94 shares during the period. Apple accounts for approximately 1.0% of Trinity Wealth Management LLC’s portfolio, making the stock its 17th largest position. Trinity Wealth Management LLC’s holdings in Apple were worth $2,318,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. O Connor Financial Group LLC lifted its holdings in Apple by 1.2% in the 4th quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker’s stock valued at $896,000 after purchasing an additional 41 shares in the last quarter. 1620 Investment Advisors Inc. grew its holdings in shares of Apple by 0.5% during the third quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock worth $2,249,000 after buying an additional 45 shares in the last quarter. Carolina Wealth Advisors LLC raised its position in shares of Apple by 1.3% in the third quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker’s stock valued at $813,000 after buying an additional 46 shares during the last quarter. Menard Financial Group LLC lifted its stake in shares of Apple by 0.4% during the third quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker’s stock valued at $2,848,000 after buying an additional 48 shares during the period. Finally, Hanseatic Management Services Inc. boosted its position in Apple by 1.3% during the fourth quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker’s stock worth $945,000 after acquiring an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AAPL. Bank of America boosted their price target on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 31st. Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 target price for the company. in a research note on Tuesday, January 21st. Jefferies Financial Group reiterated an “underperform” rating on shares of Apple in a research report on Wednesday, February 19th. DA Davidson set a $290.00 price target on Apple in a report on Friday, January 31st. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Apple in a report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $245.52.

Apple Stock Down 2.7 %

Shares of Apple stock opened at $217.90 on Friday. Apple Inc. has a 1-year low of $164.08 and a 1-year high of $260.10. The company has a market capitalization of $3.27 trillion, a PE ratio of 34.59, a P/E/G ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The business has a 50-day moving average of $230.70 and a 200-day moving average of $233.26.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, equities analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is currently 15.87%.

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.