Apple Inc. $AAPL Shares Acquired by OneAscent Financial Services LLC

OneAscent Financial Services LLC lifted its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 127.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,424 shares of the iPhone maker's stock after acquiring an additional 83,636 shares during the quarter. Apple makes up approximately 2.2% of OneAscent Financial Services LLC's portfolio, making the stock its 8th biggest position. OneAscent Financial Services LLC's holdings in Apple were worth $33,232,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Advanced Portfolio Management LLC raised its position in Apple by 0.3% during the 4th quarter. Advanced Portfolio Management LLC now owns 13,815 shares of the iPhone maker's stock worth $3,260,000 after purchasing an additional 47 shares during the last quarter. Salus Financial Advisors LLC raised its position in Apple by 3.9% during the 1st quarter. Salus Financial Advisors LLC now owns 1,310 shares of the iPhone maker's stock worth $291,000 after purchasing an additional 49 shares during the last quarter. Disciplined Investments LLC raised its position in Apple by 0.7% during the 4th quarter. Disciplined Investments LLC now owns 7,166 shares of the iPhone maker's stock worth $1,794,000 after purchasing an additional 51 shares during the last quarter. Sharpepoint LLC raised its position in Apple by 3.5% during the 1st quarter. Sharpepoint LLC now owns 1,523 shares of the iPhone maker's stock worth $322,000 after purchasing an additional 51 shares during the last quarter. Finally, Mission Hills Financial Advisory LLC raised its position in Apple by 1.3% during the 1st quarter. Mission Hills Financial Advisory LLC now owns 4,016 shares of the iPhone maker's stock worth $892,000 after purchasing an additional 53 shares during the last quarter. 67.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Barclays raised their target price on Apple from $173.00 to $180.00 and gave the stock an "underweight" rating in a research report on Friday, August 1st. Wedbush reissued an "outperform" rating and issued a $270.00 price objective on shares of Apple in a research report on Wednesday. Bank of America lifted their price objective on Apple from $250.00 to $260.00 and gave the stock a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on Apple from $250.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, Citigroup lifted their price objective on Apple from $240.00 to $245.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Apple currently has an average rating of "Moderate Buy" and an average target price of $239.05.

Apple Stock Down 0.3%

NASDAQ:AAPL traded down $0.67 on Thursday, hitting $237.81. The stock had a trading volume of 23,367,216 shares, compared to its average volume of 56,619,613. The business's fifty day moving average is $217.73 and its 200 day moving average is $212.92. The company has a market cap of $3.53 trillion, a PE ratio of 36.11, a P/E/G ratio of 2.42 and a beta of 1.11. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. Apple Inc. has a 52 week low of $169.21 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.14. The business had revenue of $94.04 billion for the quarter, compared to analyst estimates of $88.64 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.The company's quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 earnings per share. On average, equities research analysts expect that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 11th were issued a $0.26 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.04 annualized dividend and a yield of 0.4%. Apple's dividend payout ratio is presently 15.78%.

Insider Transactions at Apple

In other Apple news, SVP Deirdre O'brien sold 34,821 shares of Apple stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $223.20, for a total transaction of $7,772,047.20. Following the completion of the transaction, the senior vice president owned 136,687 shares in the company, valued at approximately $30,508,538.40. The trade was a 20.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.06% of the company's stock.

Apple Company 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.