Apple Inc. $AAPL Holdings Decreased by Aviso Wealth Management

Key Points

• Aviso Wealth Management has reduced its stake in Apple Inc. by 1.5%, currently holding 79,370 shares valued at approximately $17.6 million.
• Apple's recent quarterly earnings topped estimates with $1.57 earnings per share, and revenues reached $94.04 billion, a year-over-year increase of 9.6%.
• In a significant transaction, SVP Deirdre O'brien sold 34,821 shares at $223.20 per share, decreasing her position by 20.30%.

Aviso Wealth Management reduced its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 1.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 79,370 shares of the iPhone maker's stock after selling 1,184 shares during the quarter. Apple accounts for about 9.4% of Aviso Wealth Management's investment portfolio, making the stock its biggest holding. Aviso Wealth Management's holdings in Apple were worth $17,631,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AAPL. Banco Santander S.A. lifted its holdings in Apple by 7.8% in the first quarter. Banco Santander S.A. now owns 1,075,461 shares of the iPhone maker's stock valued at $238,892,000 after acquiring an additional 77,977 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Apple by 0.4% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 471,257 shares of the iPhone maker's stock worth $104,607,000 after purchasing an additional 1,704 shares in the last quarter. Westchester Capital Management Inc. boosted its stake in Apple by 0.4% in the 1st quarter. Westchester Capital Management Inc. now owns 157,745 shares of the iPhone maker's stock worth $35,040,000 after purchasing an additional 551 shares during the period. Privium Fund Management UK Ltd purchased a new stake in Apple during the 1st quarter valued at approximately $1,131,000. Finally, Jupiter Asset Management Ltd. raised its position in shares of Apple by 12.3% during the first quarter. Jupiter Asset Management Ltd. now owns 1,791,655 shares of the iPhone maker's stock valued at $397,980,000 after buying an additional 196,610 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

Apple Stock Down 0.8%

NASDAQ AAPL traded down $1.94 during mid-day trading on Monday, reaching $237.75. 26,928,241 shares of the company's stock traded hands, compared to its average volume of 56,577,613. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The company has a fifty day simple moving average of $219.28 and a 200-day simple moving average of $212.40. Apple Inc. has a 1-year low of $169.21 and a 1-year high of $260.10. The company has a market cap of $3.53 trillion, a price-to-earnings ratio of 36.07, a P/E/G ratio of 2.50 and a beta of 1.11.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, July 31st. The iPhone maker reported $1.57 EPS for the quarter, topping the consensus estimate of $1.43 by $0.14. The company had revenue of $94.04 billion during the quarter, compared to analysts' expectations of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The business's revenue for the quarter was up 9.6% on a year-over-year basis. During the same period last year, the company posted $1.40 earnings per share. As a group, equities research analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple's dividend payout ratio (DPR) is currently 15.78%.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O'brien sold 34,821 shares of Apple stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $223.20, for a total value of $7,772,047.20. Following the sale, the senior vice president owned 136,687 shares of the company's stock, valued at $30,508,538.40. This trade represents a 20.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. DA Davidson reissued a "buy" rating and issued a $250.00 price objective on shares of Apple in a research note on Friday, August 1st. UBS Group increased their price target on shares of Apple from $210.00 to $220.00 and gave the company a "neutral" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. upped their price objective on shares of Apple from $250.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, August 1st. BMO Capital Markets reiterated a "buy" rating on shares of Apple in a report on Wednesday, August 13th. Finally, Barclays increased their price target on shares of Apple from $173.00 to $180.00 and gave the stock an "underweight" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $238.99.

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.