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

Trifecta Capital Advisors LLC grew its position in shares of Apple Inc. (NASDAQ:AAPL) by 1.2% during the third quarter, Holdings Channel reports. The institutional investor owned 124,350 shares of the iPhone maker’s stock after purchasing an additional 1,491 shares during the quarter. Apple accounts for 5.0% of Trifecta Capital Advisors LLC’s holdings, making the stock its 3rd largest holding. Trifecta Capital Advisors LLC’s holdings in Apple were worth $41,411,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Berkshire Hathaway Inc bought a new position in Apple during the second quarter worth about $65,950,297,000. Bank of America Corp DE purchased a new position in shares of Apple in the second quarter worth about $36,986,090,000. Legal & General Group Plc bought a new stake in shares of Apple in the second quarter valued at approximately $30,443,242,000. Deutsche Bank AG bought a new stake in shares of Apple in the second quarter valued at approximately $13,658,359,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Apple in the second quarter valued at approximately $10,588,946,000. Institutional investors own 67.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AAPL. UBS Group restated a “neutral” rating and set a $340.00 price target (up from $296.00) on shares of Apple in a research note on Tuesday, November 3rd. Evercore reiterated an “outperform” rating on shares of Apple in a research note on Tuesday, October 27th. Argus boosted their target price on shares of Apple from $375.00 to $400.00 and gave the company a “buy” rating in a report on Tuesday, November 3rd. Barclays increased their target price on Apple from $245.00 to $261.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 3rd. Finally, TD Cowen dropped their target price on Apple from $400.00 to $390.00 and set a “buy” rating on the stock in a research report on Tuesday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $343.74.

Insiders Place Their Bets

In other news, CEO John Ternus sold 25,412 shares of the business’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $332.94, for a total transaction of $8,460,671.28. Following the completion of the transaction, the chief executive officer directly owned 59,567 shares in the company, valued at $19,832,236.98. The trade was a 29.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 company’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $325.75, for a total transaction of $781,474.25. Following the completion of the transaction, the senior vice president directly owned 29,997 shares in the company, 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. Company insiders own 0.06% of the company’s stock.

Key Apple News

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

Apple Stock Performance

Shares of AAPL opened at $342.37 on Monday. Apple Inc. has a twelve month low of $243.42 and a twelve month high of $355.38. The stock has a market cap of $4.98 trillion, a PE ratio of 38.17, a P/E/G ratio of 3.22 and a beta of 1.07. The company has a quick ratio of 0.94, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. The business’s 50-day moving average price is $336.01 and its 200-day moving average price is $298.50.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Monday, November 2nd. The iPhone maker reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.11. The company had revenue of $114.48 billion during the quarter, compared to analyst estimates of $113.40 billion. Apple had a net margin of 27.60% and a return on equity of 125.35%. Apple’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $1.85 earnings per share. On average, equities analysts forecast that Apple Inc. will post 9.68 EPS for the current fiscal year.

Apple Announces Dividend

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

Apple 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.