Aprio Wealth Management LLC Has $11.18 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Aprio Wealth Management LLC raised its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 38.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 47,993 shares of the iPhone maker's stock after purchasing an additional 13,245 shares during the quarter. Apple comprises 1.8% of Aprio Wealth Management LLC's investment portfolio, making the stock its 12th biggest position. Aprio Wealth Management LLC's holdings in Apple were worth $11,182,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AAPL. Fidelis Capital Partners LLC lifted its holdings in shares of Apple by 17.9% in the 1st quarter. Fidelis Capital Partners LLC now owns 206,455 shares of the iPhone maker's stock worth $35,000 after acquiring an additional 31,278 shares during the last quarter. Hershey Financial Advisers LLC purchased a new stake in Apple during the 2nd quarter worth about $42,000. Access Investment Management LLC purchased a new stake in shares of Apple during the first quarter worth approximately $140,000. Hoese & Co LLP raised its holdings in Apple by 6.7% in the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker's stock valued at $175,000 after acquiring an additional 57 shares in the last quarter. Finally, Sage Financial Group Inc. purchased a new stake in shares of Apple during the 2nd quarter worth $206,000. Hedge funds and other institutional investors own 60.41% of the company's stock.

Apple Stock Up 0.6 %

AAPL stock traded up $1.35 during midday trading on Friday, hitting $229.87. 38,168,252 shares of the company's stock were exchanged, compared to its average volume of 43,855,068. The firm has a 50 day moving average price of $227.73 and a 200-day moving average price of $218.06. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $237.49. The stock has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 37.81, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51.

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

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Friday, November 8th. Apple's dividend payout ratio (DPR) is 16.45%.

Analyst Ratings Changes

AAPL has been the subject of several recent analyst reports. Oppenheimer restated a "buy" rating and set a $250.00 target price on shares of Apple in a research note on Tuesday, October 1st. Rosenblatt Securities increased their target price on shares of Apple from $261.00 to $262.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Citigroup upped their price objective on shares of Apple to $185.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. StockNews.com lowered Apple from a "buy" rating to a "hold" rating in a report on Friday, November 1st. Finally, TD Cowen raised their price objective on shares of Apple from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Monday, July 29th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $235.25.

Insider Activity at Apple

In related news, insider Chris Kondo sold 4,130 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now owns 15,419 shares in the company, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Katherine L. Adams sold 61,019 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president now owns 187,043 shares of the company's stock, valued at approximately $42,309,126.60. The trade was a 24.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 408,170 shares of company stock worth $92,007,745 over the last quarter. 0.06% of the stock is currently owned by company 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.