Aletheian Wealth Advisors LLC Sells 402 Shares of Apple Inc. (NASDAQ:AAPL)

Aletheian Wealth Advisors LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 2.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 15,036 shares of the iPhone maker’s stock after selling 402 shares during the period. Apple makes up about 2.0% of Aletheian Wealth Advisors LLC’s holdings, making the stock its 10th largest holding. Aletheian Wealth Advisors LLC’s holdings in Apple were worth $3,503,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Bull Oak Capital LLC lifted its stake in Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares during the last quarter. Hershey Financial Advisers LLC purchased a new stake in shares of Apple during the 2nd quarter worth $42,000. Christopher J. Hasenberg Inc lifted its stake in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares during the last quarter. Cordant Inc. lifted its holdings in shares of Apple by 34.3% in 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 during the last quarter. Finally, Sage Financial Group Inc. acquired a new stake in shares of Apple during the second quarter worth about $206,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Apple

In other news, SVP Katherine L. Adams sold 61,019 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the completion of the sale, the senior vice president now owns 187,043 shares in the company, valued at $42,309,126.60. The trade was a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 223,986 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now owns 3,280,180 shares in the company, valued at approximately $736,269,202.80. This trade represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 508,170 shares of company stock valued at $117,004,745. Insiders own 0.06% of the company’s stock.

Apple Price Performance

Apple stock opened at $252.20 on Tuesday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The business’s 50-day simple moving average is $237.41 and its 200 day simple moving average is $227.89. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The stock has a market cap of $3.81 trillion, a price-to-earnings ratio of 41.48, a P/E/G ratio of 2.41 and a beta of 1.23.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The company had revenue of $94.93 billion for the quarter, compared to analysts’ expectations of $94.52 billion. During the same period last year, the firm posted $1.46 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. As a group, research analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.40%. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Analyst Ratings Changes

AAPL has been the subject of several recent analyst reports. KeyCorp cut Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 price target for the company. in a report on Friday, October 25th. Barclays decreased their price objective on shares of Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a research note on Friday, November 1st. Bank of America boosted their price objective on Apple to $256.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Loop Capital reduced their target price on shares of Apple from $300.00 to $275.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, UBS Group reaffirmed a “neutral” rating and set a $236.00 target price on shares of Apple in a report on Monday, December 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $237.47.

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.