Apple Inc. (NASDAQ:AAPL) is Aviso Wealth Management’s Largest Position

Aviso Wealth Management raised its stake in Apple Inc. (NASDAQ:AAPL) by 5.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 81,267 shares of the iPhone maker’s stock after acquiring an additional 4,003 shares during the period. Apple makes up 10.3% of Aviso Wealth Management’s portfolio, making the stock its largest holding. Aviso Wealth Management’s holdings in Apple were worth $18,935,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Bull Oak Capital LLC increased its position in shares of Apple by 252.3% during the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. Hershey Financial Advisers LLC purchased a new position in Apple in the 2nd quarter worth about $42,000. Christopher J. Hasenberg Inc lifted its holdings in Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after buying an additional 144 shares in the last quarter. ARK Investment Management LLC bought a new position in Apple in the 3rd quarter worth about $110,000. Finally, Cordant Inc. raised its position in Apple by 34.3% during the 3rd quarter. Cordant Inc. now owns 678 shares of the iPhone maker’s stock valued at $158,000 after purchasing an additional 173 shares in the last quarter. 67.73% of the stock is owned by institutional investors.

Apple Trading Down 0.4 %

Shares of Apple stock opened at $222.78 on Monday. The firm’s 50-day moving average price is $240.93 and its 200 day moving average price is $230.70. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $3.35 trillion, a PE ratio of 36.64, a P/E/G ratio of 2.19 and a beta of 1.20. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. During the same period in the prior year, the business earned $1.46 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts predict that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.00 annualized dividend and a yield of 0.45%. Apple’s dividend payout ratio (DPR) is currently 16.45%.

Insider Buying and Selling at Apple

In other Apple news, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,528,946.53. The trade was a 21.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. This trade represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on AAPL shares. Wedbush restated an “outperform” rating and issued a $325.00 price target on shares of Apple in a report on Thursday. JPMorgan Chase & Co. cut their price objective on shares of Apple from $265.00 to $260.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st. Sanford C. Bernstein lifted their price target on shares of Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Bank of America reaffirmed a “buy” rating and issued a $253.00 price objective (down from $256.00) on shares of Apple in a research report on Friday. Finally, StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.05.

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.