Apple Inc. (NASDAQ:AAPL) Shares Sold by Aletheian Wealth Advisors LLC

Aletheian Wealth Advisors LLC lowered its stake in Apple Inc. (NASDAQ:AAPL) by 42.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,438 shares of the iPhone maker’s stock after selling 11,338 shares during the period. Apple makes up approximately 1.7% of Aletheian Wealth Advisors LLC’s portfolio, making the stock its 12th biggest holding. Aletheian Wealth Advisors LLC’s holdings in Apple were worth $3,252,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of AAPL. Norges Bank purchased a new stake in shares of Apple in the fourth quarter valued at approximately $33,912,466,000. Vanguard Group Inc. boosted its stake in shares of Apple by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,318,064,349 shares of the iPhone maker’s stock valued at $253,766,929,000 after buying an additional 18,067,216 shares in the last quarter. Swedbank AB purchased a new stake in shares of Apple in the first quarter valued at approximately $3,026,492,000. Global Assets Advisory LLC boosted its stake in shares of Apple by 23,076.4% in the first quarter. Global Assets Advisory LLC now owns 9,240,214 shares of the iPhone maker’s stock valued at $1,584,512,000 after buying an additional 9,200,345 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Apple by 158.3% in the first quarter. Canada Pension Plan Investment Board now owns 11,532,438 shares of the iPhone maker’s stock valued at $1,977,582,000 after buying an additional 7,067,379 shares in the last quarter. 60.41% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Performance

Apple stock opened at $226.80 on Friday. The firm has a market capitalization of $3.48 trillion, a P/E ratio of 35.27, a PEG ratio of 2.66 and a beta of 1.24. The stock has a fifty day moving average price of $222.90 and a 200 day moving average price of $203.86. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $237.23. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating the consensus estimate of $1.34 by $0.06. The firm had revenue of $85.78 billion during the quarter, compared to analyst estimates of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 earnings per share. Equities research analysts anticipate that Apple Inc. will post 6.7 earnings per share for the current year.

Apple Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, August 12th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.00 annualized dividend and a yield of 0.44%. Apple’s dividend payout ratio is presently 15.55%.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 5,178 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the completion of the sale, the insider now directly owns 24,125 shares in the company, valued at $5,223,062.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Apple news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the completion of the sale, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Chris Kondo sold 5,178 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the sale, the insider now owns 24,125 shares of the company’s stock, valued at approximately $5,223,062.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 458,619 shares of company stock worth $101,352,630 over the last three months. 0.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AAPL shares. Needham & Company LLC restated a “buy” rating and issued a $260.00 price target on shares of Apple in a research note on Thursday, September 19th. The Goldman Sachs Group boosted their target price on Apple from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Loop Capital upgraded Apple from a “hold” rating to a “buy” rating and boosted their target price for the stock from $170.00 to $300.00 in a research report on Monday, July 15th. Erste Group Bank upgraded Apple from a “hold” rating to a “buy” rating in a research report on Friday, June 14th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $265.00 target price on shares of Apple in a research report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Apple has an average rating of “Moderate Buy” and an average target price of $238.76.

About Apple

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.