Trilogy Capital Inc. Buys 2,715 Shares of Apple Inc. $AAPL

Key Points

• Trilogy Capital Inc. increased its stake in Apple Inc. by 7.4% during the first quarter, owning a total of 39,251 shares valued at approximately $8.72 million.
• Apple's share price reached $239.78, and the company reported a quarterly earnings revenue of $94.04 billion, exceeding expectations by over $5 billion.
• The company recently declared a quarterly dividend of $0.26 per share, resulting in a 0.4% yield and a payout ratio of 15.78%.

Trilogy Capital Inc. boosted its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 7.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,251 shares of the iPhone maker's stock after acquiring an additional 2,715 shares during the quarter. Trilogy Capital Inc.'s holdings in Apple were worth $8,719,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tallon Kerry Patrick acquired a new stake in shares of Apple in the fourth quarter worth $1,877,000. First National Bank of Hutchinson grew its stake in shares of Apple by 24.6% in the fourth quarter. First National Bank of Hutchinson now owns 35,319 shares of the iPhone maker's stock worth $8,845,000 after acquiring an additional 6,982 shares during the last quarter. Eagle Capital Management LLC grew its stake in shares of Apple by 0.5% in the fourth quarter. Eagle Capital Management LLC now owns 54,085 shares of the iPhone maker's stock worth $13,544,000 after acquiring an additional 272 shares during the last quarter. Brighton Jones LLC boosted its stake in Apple by 14.8% during the fourth quarter. Brighton Jones LLC now owns 537,314 shares of the iPhone maker's stock worth $134,554,000 after buying an additional 69,207 shares in the last quarter. Finally, Revolve Wealth Partners LLC boosted its stake in Apple by 4.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 66,857 shares of the iPhone maker's stock worth $16,742,000 after buying an additional 2,695 shares in the last quarter. Institutional investors own 67.73% of the company's stock.

Apple Stock Down 0.0%

NASDAQ:AAPL traded down $0.09 during trading hours on Friday, reaching $239.69. 54,829,143 shares of the stock were exchanged, compared to its average volume of 47,688,568. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83. The firm has a 50 day moving average of $219.28 and a 200 day moving average of $212.86. The stock has a market cap of $3.56 trillion, a PE ratio of 36.37, a PEG ratio of 2.50 and a beta of 1.11.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, beating the consensus estimate of $1.43 by $0.14. The company had revenue of $94.04 billion during the quarter, compared to the consensus estimate of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The firm's revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.40 EPS. On average, equities analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, August 11th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple's dividend payout ratio is 15.78%.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of recent research reports. Bank of America lifted their price target on shares of Apple from $250.00 to $260.00 and gave the stock a "buy" rating in a research note on Wednesday. Morgan Stanley set a $240.00 price objective on Apple and gave the stock an "overweight" rating in a report on Wednesday. DA Davidson reissued a "buy" rating and set a $250.00 price objective on shares of Apple in a report on Friday, August 1st. Citigroup boosted their target price on Apple from $240.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, UBS Group boosted their target price on Apple from $210.00 to $220.00 and gave the stock a "neutral" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $239.05.

Insider Transactions at Apple

In other Apple news, SVP Deirdre O'brien sold 34,821 shares of the firm's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the completion of the sale, the senior vice president owned 136,687 shares of the company's stock, valued at $30,508,538.40. This trade represents a 20.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by corporate insiders.

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.