Apple Inc. (NASDAQ:AAPL) Stock Holdings Increased by Aletheian Wealth Advisors LLC

Aletheian Wealth Advisors LLC boosted its position in Apple Inc. (NASDAQ:AAPLGet Rating) by 22.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,184 shares of the iPhone maker’s stock after buying an additional 1,895 shares during the quarter. Apple makes up about 1.4% of Aletheian Wealth Advisors LLC’s investment portfolio, making the stock its 19th biggest holding. Aletheian Wealth Advisors LLC’s holdings in Apple were worth $1,392,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cardinal Capital Management Inc. increased its holdings in Apple by 5,525.0% in the first quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker’s stock valued at $39,000 after buying an additional 221 shares during the last quarter. Shore Point Advisors LLC bought a new position in shares of Apple during the fourth quarter valued at approximately $41,000. CFS Investment Advisory Services LLC grew its holdings in shares of Apple by 18,263.5% during the first quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock valued at $47,000 after purchasing an additional 7,416,445 shares during the last quarter. Spence Asset Management bought a new position in shares of Apple during the second quarter valued at approximately $49,000. Finally, HBC Financial Services PLLC grew its holdings in shares of Apple by 21.7% during the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares during the last quarter. 57.72% of the stock is owned by institutional investors.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $152.74 on Friday. The company’s fifty day moving average is $160.31 and its two-hundred day moving average is $155.83. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 1.63. Apple Inc. has a 12-month low of $129.04 and a 12-month high of $182.94. The company has a market cap of $2.45 trillion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 2.03 and a beta of 1.23.

Apple (NASDAQ:AAPLGet Rating) last announced its earnings results on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.06. Apple had a net margin of 25.71% and a return on equity of 152.97%. The company had revenue of $82.96 billion for the quarter, compared to the consensus estimate of $82.97 billion. During the same period in the previous year, the business earned $1.30 EPS. The company’s revenue was up 1.9% on a year-over-year basis. Equities analysts expect that Apple Inc. will post 6.11 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Monday, August 8th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Friday, August 5th. Apple’s dividend payout ratio (DPR) is presently 15.18%.

Analyst Ratings Changes

Several research firms have recently commented on AAPL. Evercore ISI upped their target price on Apple from $185.00 to $190.00 and gave the company an “outperform” rating in a report on Tuesday. Itaú Unibanco began coverage on Apple in a report on Tuesday, July 26th. They set an “underperform” rating and a $136.00 target price for the company. JPMorgan Chase & Co. set a $200.00 target price on Apple in a report on Monday, September 12th. Morgan Stanley reduced their price objective on Apple from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, July 20th. Finally, UBS Group set a $185.00 price objective on Apple in a research report on Wednesday, September 14th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $181.68.

Insider Transactions at Apple

In other news, CFO Luca Maestri sold 96,735 shares of the company’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $174.95, for a total value of $16,923,788.25. Following the transaction, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Katherine L. Adams sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $164.77, for a total value of $4,119,250.00. Following the transaction, the senior vice president now directly owns 427,334 shares of the company’s stock, valued at $70,411,823.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Luca Maestri sold 96,735 shares of the stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the transaction, the chief financial officer now directly owns 110,673 shares in the company, valued at $19,362,241.35. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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