Capstone Triton Financial Group LLC Sells 1,709 Shares of Apple Inc. (NASDAQ:AAPL)

Capstone Triton Financial Group LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,371 shares of the iPhone maker's stock after selling 1,709 shares during the period. Apple makes up about 8.7% of Capstone Triton Financial Group LLC's investment portfolio, making the stock its largest position. Capstone Triton Financial Group LLC's holdings in Apple were worth $13,866,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Drystone LLC bought a new position in Apple during the fourth quarter valued at $25,000. Life Planning Partners Inc bought a new position in Apple during the fourth quarter valued at $47,000. Conquis Financial LLC bought a new position in Apple during the fourth quarter valued at $63,000. LSV Asset Management bought a new position in Apple during the fourth quarter valued at $65,000. Finally, Pillar Financial Advisors LLC bought a new position in Apple during the fourth quarter valued at $82,000. Institutional investors own 67.73% of the company's stock.

Apple Stock Performance

Shares of Apple stock traded up $0.50 during trading on Monday, hitting $201.50. 55,014,210 shares of the company's stock were exchanged, compared to its average volume of 53,620,890. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.82. The business has a 50-day simple moving average of $202.33 and a 200-day simple moving average of $221.12. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10. The stock has a market capitalization of $3.01 trillion, a price-to-earnings ratio of 31.39, a PEG ratio of 2.24 and a beta of 1.22.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, beating analysts' consensus estimates of $1.62 by $0.03. Apple had a net margin of 24.30% and a return on equity of 167.24%. The company had revenue of $95.36 billion during the quarter, compared to analysts' expectations of $94.04 billion. During the same quarter in the previous year, the company earned $1.53 earnings per share. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. On average, research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, May 12th. This is a positive change from Apple's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 0.52%. Apple's payout ratio is presently 16.20%.

Apple declared that its board has authorized a stock repurchase plan on Thursday, May 1st that permits the company to repurchase $100.00 billion in outstanding shares. This repurchase authorization permits the iPhone maker to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

AAPL has been the subject of a number of recent analyst reports. Tigress Financial boosted their target price on shares of Apple from $295.00 to $300.00 and gave the company a "strong-buy" rating in a research note on Thursday, April 3rd. Evercore ISI boosted their target price on shares of Apple to $250.00 and gave the company a "buy" rating in a research note on Friday, June 6th. Loop Capital lowered their target price on shares of Apple from $230.00 to $215.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Needham & Company LLC reissued a "hold" rating on shares of Apple in a research note on Tuesday, June 10th. Finally, Jefferies Financial Group reissued an "underperform" rating and set a $170.62 target price (up from $167.88) on shares of Apple in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $234.86.

Insider Buying and Selling

In related news, insider Chris Kondo sold 4,486 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $208.19, for a total transaction of $933,940.34. Following the transaction, the insider now directly owns 15,533 shares in the company, valued at approximately $3,233,815.27. The trade was a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 38,822 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the transaction, the senior vice president now owns 179,158 shares in the company, valued at $40,072,269.86. The trade was a 17.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 191,507 shares of company stock worth $42,694,080. 0.06% of the stock is owned by insiders.

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.