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

Aletheian Wealth Advisors LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 20.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 investment portfolio, 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 have also added to or reduced their stakes in AAPL. Bowman & Co S.C. raised its position in Apple by 3.0% in the first quarter. Bowman & Co S.C. now owns 29,689 shares of the iPhone maker's stock valued at $6,595,000 after purchasing an additional 852 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in Apple by 10.5% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 321,725 shares of the iPhone maker's stock valued at $71,465,000 after purchasing an additional 30,475 shares during the period. Peoples Bank KS lifted its position in shares of Apple by 2.2% in the 1st quarter. Peoples Bank KS now owns 20,662 shares of the iPhone maker's stock worth $4,590,000 after purchasing an additional 445 shares during the period. Veery Capital LLC boosted its position in Apple by 9.3% during the first quarter. Veery Capital LLC now owns 11,762 shares of the iPhone maker's stock valued at $2,613,000 after acquiring an additional 997 shares during the last quarter. Finally, Marion Wealth Management boosted its position in shares of Apple by 3.4% during the 1st quarter. Marion Wealth Management now owns 37,643 shares of the iPhone maker's stock valued at $8,362,000 after purchasing an additional 1,241 shares in the last quarter. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Trading Up 0.0%

AAPL traded up $0.08 during trading hours on Friday, reaching $201.08. The company's stock had a trading volume of 73,073,177 shares, compared to its average volume of 53,462,167. The business's 50-day moving average is $202.52 and its 200-day moving average is $220.53. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.82 and a quick ratio of 0.78. The stock has a market cap of $3.00 trillion, a PE ratio of 31.32, a P/E/G ratio of 2.25 and a beta of 1.22. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.03. Apple had a return on equity of 167.24% and a net margin of 24.30%. The firm had revenue of $95.36 billion for the quarter, compared to analyst estimates of $94.04 billion. During the same quarter in the prior year, the company earned $1.53 EPS. Apple's revenue was up 5.1% on a year-over-year basis. As a group, equities research analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Increases Dividend

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

Apple announced that its Board of Directors has authorized a stock repurchase plan on Thursday, May 1st that allows the company to buyback $100.00 billion in shares. This buyback authorization allows the iPhone maker to purchase up to 3.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

AAPL has been the topic of a number of research analyst reports. China Renaissance started coverage on shares of Apple in a research report on Tuesday, April 22nd. They set a "buy" rating and a $241.00 price objective on the stock. Citigroup reaffirmed a "buy" rating on shares of Apple in a report on Tuesday, June 10th. Raymond James Financial cut their price objective on Apple from $250.00 to $230.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. DA Davidson increased their target price on shares of Apple from $230.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. 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 issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $234.39.

Insider Activity at Apple

In related news, SVP Katherine L. Adams sold 38,822 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total value of $8,683,316.74. Following the sale, the senior vice president now directly owns 179,158 shares of the company's stock, valued at approximately $40,072,269.86. This trade represents a 17.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Timothy D. Cook sold 108,136 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total value of $24,184,616.40. Following the sale, the chief executive officer now directly owns 3,280,295 shares of the company's stock, valued at approximately $733,637,976.75. This trade represents a 3.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 191,507 shares of company stock worth $42,694,080 over the last three months. 0.06% of the stock is currently 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.