One Plus One Wealth Management LLC Boosts Stock Position in Apple Inc. (NASDAQ:AAPL)

One Plus One Wealth Management LLC grew its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 5.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 19,690 shares of the iPhone maker’s stock after buying an additional 1,076 shares during the period. Apple comprises 2.2% of One Plus One Wealth Management LLC’s portfolio, making the stock its 13th biggest holding. One Plus One Wealth Management LLC’s holdings in Apple were worth $2,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in AAPL. Bluestem Financial Advisors LLC lifted its position in shares of Apple by 5,935.2% during the second quarter. Bluestem Financial Advisors LLC now owns 233,803 shares of the iPhone maker’s stock worth $35,000 after acquiring an additional 229,929 shares in the last quarter. CFS Investment Advisory Services LLC increased its holdings in shares of Apple by 18,263.5% in the first quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock worth $47,000 after purchasing an additional 7,416,445 shares during the period. Spence Asset Management bought a new position in shares of Apple in the second quarter worth $49,000. HBC Financial Services PLLC increased its holdings in shares of Apple by 21.7% in the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock worth $49,000 after purchasing an additional 80 shares during the period. Finally, Ramsey Quantitative Systems bought a new position in shares of Apple in the second quarter worth $55,000. Hedge funds and other institutional investors own 57.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on AAPL. Bank of America decreased their price target on shares of Apple from $160.00 to $154.00 and set a “neutral” rating on the stock in a report on Monday, November 7th. KeyCorp reaffirmed a “buy” rating and issued a $175.00 price target on shares of Apple in a report on Tuesday, November 8th. UBS Group set a $180.00 price target on shares of Apple in a report on Thursday, December 1st. Morgan Stanley decreased their price target on shares of Apple from $177.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, November 8th. Finally, Evercore ISI increased their target price on Apple from $185.00 to $190.00 and gave the company an “outperform” rating in a research note on Tuesday, September 20th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $173.57.

Insider Activity

In other news, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $155.95, for a total value of $27,493,829.05. Following the completion of the transaction, the chief financial officer now owns 110,673 shares in the company, valued at approximately $17,259,454.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Chris Kondo sold 20,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $148.72, for a total value of $3,004,144.00. Following the completion of the transaction, the insider now owns 31,505 shares in the company, valued at approximately $4,685,423.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the completion of the transaction, the chief financial officer now owns 110,673 shares of the company’s stock, valued at approximately $17,259,454.35. The disclosure for this sale can be found here. Insiders sold a total of 204,552 shares of company stock worth $31,645,123 in the last quarter. 0.06% of the stock is owned by company insiders.

Apple Price Performance

Shares of AAPL stock opened at $125.02 on Friday. The firm has a market cap of $1.99 trillion, a P/E ratio of 20.46, a P/E/G ratio of 1.62 and a beta of 1.24. Apple Inc. has a fifty-two week low of $124.17 and a fifty-two week high of $179.61. The business’s 50 day moving average price is $141.13 and its 200-day moving average price is $148.40. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.85 and a current ratio of 0.88.

Apple (NASDAQ:AAPLGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. The firm had revenue of $90.15 billion for the quarter, compared to analyst estimates of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $1.24 EPS. On average, equities research analysts anticipate that Apple Inc. will post 6.18 earnings per share for the current year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were given a $0.23 dividend. The ex-dividend date was Friday, November 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.74%. Apple’s dividend payout ratio is currently 15.06%.

Apple 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; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod.

Recommended Stories

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLGet Rating).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.