Aspiriant LLC Has $54.98 Million Stock Position in Apple Inc. (NASDAQ:AAPL)

Aspiriant LLC lowered its stake in Apple Inc. (NASDAQ:AAPL) by 0.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 320,614 shares of the iPhone maker’s stock after selling 712 shares during the quarter. Apple comprises 2.3% of Aspiriant LLC’s portfolio, making the stock its 9th biggest holding. Aspiriant LLC’s holdings in Apple were worth $54,980,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Visionary Horizons LLC boosted its holdings in Apple by 1.4% in the 1st quarter. Visionary Horizons LLC now owns 4,780 shares of the iPhone maker’s stock worth $844,000 after buying an additional 66 shares during the period. Aletheian Wealth Advisors LLC boosted its stake in shares of Apple by 71.0% in the first quarter. Aletheian Wealth Advisors LLC now owns 26,776 shares of the iPhone maker’s stock worth $4,592,000 after acquiring an additional 11,116 shares during the period. Key Client Fiduciary Advisors LLC grew its position in shares of Apple by 6.1% during the first quarter. Key Client Fiduciary Advisors LLC now owns 49,858 shares of the iPhone maker’s stock worth $8,550,000 after purchasing an additional 2,886 shares in the last quarter. GoalVest Advisory LLC raised its stake in Apple by 53.1% during the 1st quarter. GoalVest Advisory LLC now owns 10,835 shares of the iPhone maker’s stock valued at $1,858,000 after purchasing an additional 3,757 shares during the period. Finally, Sunpointe LLC lifted its holdings in Apple by 0.8% in the 1st quarter. Sunpointe LLC now owns 25,038 shares of the iPhone maker’s stock worth $4,294,000 after purchasing an additional 200 shares in the last quarter. 60.41% of the stock is currently owned by institutional investors.

Apple Stock Up 0.6 %

Shares of Apple stock opened at $221.55 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.04 and a quick ratio of 0.99. The stock has a market cap of $3.40 trillion, a price-to-earnings ratio of 34.46, a PEG ratio of 2.56 and a beta of 1.24. The firm’s 50-day moving average is $194.21 and its two-hundred day moving average is $185.60. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $221.55.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, May 2nd. The iPhone maker reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.02. The company had revenue of $90.75 billion for the quarter, compared to analyst estimates of $90.37 billion. Apple had a net margin of 26.31% and a return on equity of 148.33%. Apple’s revenue was down 4.3% compared to the same quarter last year. During the same period last year, the company posted $1.52 earnings per share. As a group, research analysts expect that Apple Inc. will post 6.59 earnings per share for the current fiscal year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 13th were given a dividend of $0.25 per share. The ex-dividend date was Friday, May 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. This is an increase from Apple’s previous quarterly dividend of $0.24. Apple’s dividend payout ratio (DPR) is presently 15.55%.

Apple announced that its board has approved a share repurchase plan on Thursday, May 2nd that allows the company to repurchase $110.00 billion in shares. This repurchase authorization allows the iPhone maker to purchase up to 3.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

AAPL has been the topic of several recent analyst reports. UBS Group reiterated a “neutral” rating and set a $190.00 price objective on shares of Apple in a research report on Monday. Bank of America reissued a “buy” rating and set a $230.00 price objective on shares of Apple in a report on Wednesday, June 26th. JPMorgan Chase & Co. lifted their target price on Apple from $225.00 to $245.00 and gave the stock an “overweight” rating in a report on Tuesday, June 18th. Morgan Stanley reissued an “overweight” rating and set a $216.00 price target on shares of Apple in a research note on Tuesday, June 11th. Finally, Oppenheimer boosted their price target on shares of Apple from $200.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, June 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Apple currently has a consensus rating of “Moderate Buy” and an average target price of $215.71.

Insider Buying and Selling at Apple

In other Apple news, Director Arthur D. Levinson sold 75,000 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $191.58, for a total transaction of $14,368,500.00. Following the completion of the sale, the director now directly owns 4,359,576 shares of the company’s stock, valued at $835,207,570.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Luca Maestri sold 53,194 shares of the company’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the transaction, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at $18,768,046.56. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Arthur D. Levinson sold 75,000 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $191.58, for a total value of $14,368,500.00. Following the sale, the director now owns 4,359,576 shares of the company’s stock, valued at approximately $835,207,570.08. The disclosure for this sale can be found here. Insiders have sold 192,355 shares of company stock worth $34,771,329 over the last quarter. Insiders own 0.06% of the company’s stock.

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.