Aletheian Wealth Advisors LLC Acquires 6,373 Shares of Apple Inc. (NASDAQ:AAPL)

Posted by Defense World Staff on Sep 29th, 2023

Aletheian Wealth Advisors LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL – Free Report) by 54.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 18,081 shares of the iPhone maker’s stock after purchasing an additional 6,373 shares during the period. Apple makes up approximately 2.4% of Aletheian Wealth Advisors LLC’s portfolio, making the stock its 10th biggest holding. Aletheian Wealth Advisors LLC’s holdings in Apple were worth $3,507,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. IFM Investors Pty Ltd grew its stake in Apple by 20.0% in the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after purchasing an additional 435,891 shares during the period. Ironwood Wealth Management LLC. increased its holdings in Apple by 0.4% during the first quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock worth $42,016,000 after buying an additional 1,040 shares during the last quarter. Markel Corp raised its position in Apple by 0.7% in the first quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after acquiring an additional 8,450 shares during the period. Camden Capital LLC boosted its stake in Apple by 9.2% in the first quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after acquiring an additional 13,200 shares during the last quarter. Finally, Harbor Island Capital LLC increased its stake in shares of Apple by 0.3% during the 1st quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock worth $23,629,000 after purchasing an additional 400 shares during the last quarter. 58.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on AAPL. Jefferies Financial Group decreased their target price on Apple from $225.00 to $220.00 and set a “buy” rating for the company in a research report on Friday, August 4th. JPMorgan Chase & Co. restated an “overweight” rating on shares of Apple in a research note on Thursday, September 21st. Canaccord Genuity Group increased their target price on shares of Apple from $185.00 to $205.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Canaccord Genuity Group lifted their target price on shares of Apple from $185.00 to $205.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Apple from $180.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 24th. Ten equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $199.41.

Check Out Our Latest Report on AAPL

Insider Buying and Selling

In other Apple news, SVP Deirdre O’brien sold 15,419 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $178.56, for a total transaction of $2,753,216.64. Following the completion of the sale, the senior vice president now owns 136,445 shares of the company’s stock, valued at approximately $24,363,619.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is owned by insiders.

Apple Price Performance

AAPL stock opened at $170.69 on Friday. The firm has a market cap of $2.67 trillion, a P/E ratio of 28.69, a P/E/G ratio of 2.51 and a beta of 1.27. The firm’s fifty day moving average is $181.63 and its 200 day moving average is $176.78. Apple Inc. has a 52 week low of $124.17 and a 52 week high of $198.23. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.92 and a current ratio of 0.98.

Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The iPhone maker reported $1.26 EPS for the quarter, topping the consensus estimate of $1.19 by $0.07. The firm had revenue of $81.80 billion for the quarter, compared to the consensus estimate of $81.79 billion. Apple had a return on equity of 164.92% and a net margin of 24.68%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 earnings per share. Research analysts predict that Apple Inc. will post 6.05 earnings per share for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Monday, August 14th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Friday, August 11th. Apple’s dividend payout ratio is 16.13%.

Apple Profile

(Free Report)

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.