Apple Inc. (NASDAQ:AAPL) Position Lessened by One Plus One Wealth Management LLC

One Plus One Wealth Management LLC decreased its stake in Apple Inc. (NASDAQ:AAPLGet Rating) by 3.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,614 shares of the iPhone maker’s stock after selling 679 shares during the period. Apple accounts for 1.9% of One Plus One Wealth Management LLC’s portfolio, making the stock its 14th largest position. One Plus One Wealth Management LLC’s holdings in Apple were worth $2,545,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Cardinal Capital Management Inc. raised its stake in Apple by 5,525.0% during the 1st quarter. Cardinal Capital Management Inc. now owns 225 shares of the iPhone maker’s stock valued at $39,000 after acquiring an additional 221 shares in the last quarter. CFS Investment Advisory Services LLC raised its stake in Apple by 18,263.5% during the 1st quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock valued at $47,000 after acquiring an additional 7,416,445 shares in the last quarter. Spence Asset Management bought a new stake in Apple during the 2nd quarter valued at $49,000. HBC Financial Services PLLC raised its stake in Apple by 21.7% during the 1st quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after acquiring an additional 80 shares in the last quarter. Finally, Emerson Wealth LLC raised its stake in Apple by 363.6% during the 1st quarter. Emerson Wealth LLC now owns 408 shares of the iPhone maker’s stock valued at $71,000 after acquiring an additional 320 shares in the last quarter. Institutional investors own 57.72% of the company’s stock.

Insider Activity at Apple

In related news, CFO Luca Maestri sold 96,735 shares of Apple stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total transaction of $16,923,788.25. Following the completion of the sale, the chief financial officer now owns 110,673 shares of the company’s stock, valued at $19,362,241.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Apple news, SVP Katherine L. Adams sold 25,000 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $164.77, for a total value of $4,119,250.00. Following the completion of the sale, the senior vice president now owns 427,334 shares of the company’s stock, valued at $70,411,823.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Luca Maestri sold 96,735 shares of the business’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $174.95, for a total value of $16,923,788.25. Following the completion of the sale, the chief financial officer now directly owns 110,673 shares of the company’s stock, valued at approximately $19,362,241.35. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AAPL. JPMorgan Chase & Co. set a $200.00 target price on Apple in a research note on Monday, September 12th. Rosenblatt Securities lowered their price target on Apple from $168.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, July 29th. The Goldman Sachs Group reiterated a “neutral” rating and set a $139.00 price target on shares of Apple in a research report on Thursday, September 8th. Oppenheimer reiterated an “outperform” rating and set a $190.00 price target on shares of Apple in a research report on Wednesday, June 8th. Finally, set a $175.00 price target on Apple in a research report on Friday, July 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.68.

Apple Stock Performance

Shares of Apple stock opened at $150.43 on Friday. The stock has a market cap of $2.42 trillion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 1.98 and a beta of 1.23. The business has a fifty day simple moving average of $160.32 and a 200-day simple moving average of $155.73. The company has a quick ratio of 0.82, a current ratio of 0.86 and a debt-to-equity ratio of 1.63. Apple Inc. has a 12 month low of $129.04 and a 12 month high of $182.94.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings data on Thursday, July 28th. The iPhone maker reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.06. The firm had revenue of $82.96 billion during the quarter, compared to analysts’ expectations of $82.97 billion. Apple had a return on equity of 152.97% and a net margin of 25.71%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.30 earnings per share. On average, sell-side analysts anticipate that Apple Inc. will post 6.1 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Monday, August 8th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.92 dividend on an annualized basis and a yield of 0.61%. Apple’s payout ratio is 15.18%.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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