Aletheian Wealth Advisors LLC Has $4.19 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Aletheian Wealth Advisors LLC raised its stake in Apple Inc. (NASDAQ:AAPL) by 20.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 18,856 shares of the iPhone maker’s stock after purchasing an additional 3,248 shares during the period. Apple accounts for approximately 2.4% of Aletheian Wealth Advisors LLC’s holdings, making the stock its 9th biggest holding. Aletheian Wealth Advisors LLC’s holdings in Apple were worth $4,188,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. OneAscent Wealth Management LLC boosted its stake in Apple by 4.6% during the 4th quarter. OneAscent Wealth Management LLC now owns 9,332 shares of the iPhone maker’s stock valued at $2,337,000 after purchasing an additional 409 shares during the period. Allstate Corp boosted its stake in Apple by 3,368.2% during the 4th quarter. Allstate Corp now owns 451,489 shares of the iPhone maker’s stock valued at $113,062,000 after purchasing an additional 438,471 shares during the period. Vinva Investment Management Ltd boosted its stake in Apple by 12.4% during the 4th quarter. Vinva Investment Management Ltd now owns 764,075 shares of the iPhone maker’s stock valued at $192,700,000 after purchasing an additional 83,997 shares during the period. Tradewinds Capital Management LLC boosted its stake in Apple by 9.2% during the 4th quarter. Tradewinds Capital Management LLC now owns 21,198 shares of the iPhone maker’s stock valued at $5,308,000 after purchasing an additional 1,779 shares during the period. Finally, Berkshire Bank boosted its stake in Apple by 2.7% during the 4th quarter. Berkshire Bank now owns 89,580 shares of the iPhone maker’s stock valued at $22,433,000 after purchasing an additional 2,360 shares during the period. Institutional investors own 67.73% of the company’s stock.

Apple Trading Down 0.3%

Shares of AAPL stock opened at $201.00 on Friday. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $260.10. The company has a market capitalization of $3.00 trillion, a P/E ratio of 31.31, a P/E/G ratio of 2.25 and a beta of 1.22. The firm has a 50-day moving average price of $202.52 and a 200 day moving average price of $220.53. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 1.18.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.03. Apple had a net margin of 24.30% and a return on equity of 167.24%. The firm had revenue of $95.36 billion during the quarter, compared to the consensus estimate of $94.04 billion. During the same period last year, the firm posted $1.53 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were issued a dividend of $0.26 per share. This is an increase from Apple’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 0.52%. The ex-dividend date was Monday, May 12th. Apple’s dividend payout ratio (DPR) is currently 16.20%.

Apple announced that its board has authorized a stock repurchase plan on Thursday, May 1st that authorizes the company to repurchase $100.00 billion in shares. This repurchase authorization authorizes the iPhone maker to reacquire up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AAPL. Scotiabank lowered shares of Apple to a “market perform” rating in a research note on Friday, May 2nd. Loop Capital reduced 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. TD Cowen reduced their target price on shares of Apple from $290.00 to $275.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Monness Crespi & Hardt boosted their target price on shares of Apple to $245.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Finally, KeyCorp upgraded shares of Apple from an “underweight” rating to a “sector weight” rating in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.39.

Insider Activity at Apple

In related news, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the transaction, the chief executive officer now directly owns 3,280,295 shares of the company’s stock, valued at $733,637,976.75. This trade represents a 3.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Katherine L. Adams sold 38,822 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the completion of the sale, the senior vice president now owns 179,158 shares of the company’s stock, valued at $40,072,269.86. The trade was a 17.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 191,507 shares of company stock valued at $42,694,080 in the last ninety days. Insiders own 0.06% of the company’s stock.

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.