One Plus One Wealth Management LLC Has $3.33 Million Holdings in Apple Inc. (NASDAQ:AAPL)

One Plus One Wealth Management LLC decreased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,284 shares of the iPhone maker’s stock after selling 199 shares during the quarter. Apple comprises approximately 2.0% of One Plus One Wealth Management LLC’s investment portfolio, making the stock its 14th biggest holding. One Plus One Wealth Management LLC’s holdings in Apple were worth $3,328,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Lantz Financial LLC grew its position in shares of Apple by 8.6% in the 2nd quarter. Lantz Financial LLC now owns 29,751 shares of the iPhone maker’s stock valued at $6,266,000 after purchasing an additional 2,361 shares during the period. 180 Wealth Advisors LLC lifted its stake in Apple by 0.4% in the second quarter. 180 Wealth Advisors LLC now owns 107,737 shares of the iPhone maker’s stock valued at $24,518,000 after buying an additional 452 shares in the last quarter. Salvus Wealth Management LLC boosted its holdings in shares of Apple by 15.1% in the second quarter. Salvus Wealth Management LLC now owns 23,938 shares of the iPhone maker’s stock valued at $5,042,000 after buying an additional 3,137 shares during the period. Capital Wealth Management LLC increased its position in shares of Apple by 96.9% during the second quarter. Capital Wealth Management LLC now owns 2,894 shares of the iPhone maker’s stock worth $610,000 after acquiring an additional 1,424 shares in the last quarter. Finally, Breed s Hill Capital LLC raised its holdings in shares of Apple by 1.0% during the second quarter. Breed s Hill Capital LLC now owns 26,540 shares of the iPhone maker’s stock worth $5,590,000 after acquiring an additional 270 shares during the period. 67.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AAPL shares. Sanford C. Bernstein lifted their target price on Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $260.00 price objective on shares of Apple in a report on Tuesday, December 10th. KeyCorp cut shares of Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price for the company. in a report on Friday, October 25th. Barclays decreased their target price on shares of Apple from $186.00 to $184.00 and set an “underweight” rating for the company in a research report on Friday, November 1st. Finally, Oppenheimer reissued a “buy” rating and set a $250.00 price target on shares of Apple in a research report on Tuesday, October 1st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $237.64.

Apple Price Performance

Apple stock opened at $242.70 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The company has a 50-day moving average price of $239.91 and a 200 day moving average price of $229.75. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The stock has a market cap of $3.67 trillion, a P/E ratio of 39.92, a PEG ratio of 2.41 and a beta of 1.20.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. The company 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%. Apple’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 EPS. Sell-side analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors 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 yield of 0.41%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio is currently 16.45%.

Insiders Place Their Bets

In other Apple news, insider Chris Kondo sold 4,130 shares of the business’s 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 directly owns 15,419 shares in the company, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction on Monday, December 16th. The shares were sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the transaction, the chief operating officer now owns 389,944 shares in the company, valued at approximately $97,474,301.68. This trade represents a 20.41 % decrease in their position. The disclosure for this sale can be found here. 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.