Apple Inc. $AAPL Shares Sold by One Wealth Advisors LLC

Key Points

• One Wealth Advisors LLC reduced its holdings in Apple Inc. by 4.8% during the second quarter, now owning 168,584 shares valued at approximately $34.6 million.
• Apple reported $1.57 earnings per share for the last quarter, exceeding estimates, with a 9.6% year-on-year revenue increase to $94.04 billion.
• The company announced a quarterly dividend of $0.26 per share, reflecting an annualized payout of $1.04 and a dividend yield of 0.4%.

One Wealth Advisors LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 4.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 168,584 shares of the iPhone maker's stock after selling 8,569 shares during the period. Apple accounts for 4.8% of One Wealth Advisors LLC's portfolio, making the stock its 2nd largest position. One Wealth Advisors LLC's holdings in Apple were worth $34,588,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Spectrum Strategic Capital Management LLC grew its holdings in Apple by 17.1% during the 2nd quarter. Spectrum Strategic Capital Management LLC now owns 20,472 shares of the iPhone maker's stock worth $4,200,000 after acquiring an additional 2,996 shares during the period. Emerald Advisors LLC grew its holdings in Apple by 8.0% during the 2nd quarter. Emerald Advisors LLC now owns 22,017 shares of the iPhone maker's stock worth $4,517,000 after acquiring an additional 1,634 shares during the period. LifeGuide Financial Advisors LLC grew its holdings in Apple by 24.4% during the 2nd quarter. LifeGuide Financial Advisors LLC now owns 3,694 shares of the iPhone maker's stock worth $758,000 after acquiring an additional 725 shares during the period. Mokosak Advisory Group LLC grew its holdings in Apple by 9.5% during the 2nd quarter. Mokosak Advisory Group LLC now owns 6,657 shares of the iPhone maker's stock worth $1,366,000 after acquiring an additional 578 shares during the period. Finally, Robbins Farley grew its holdings in Apple by 2.2% during the 2nd quarter. Robbins Farley now owns 23,344 shares of the iPhone maker's stock worth $4,789,000 after acquiring an additional 507 shares during the period. Institutional investors and hedge funds own 67.73% of the company's stock.

Apple Stock Performance

AAPL opened at $252.29 on Friday. The business's 50-day moving average price is $241.13 and its two-hundred day moving average price is $216.81. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10. The company has a market capitalization of $3.74 trillion, a price-to-earnings ratio of 38.28, a P/E/G ratio of 2.46 and a beta of 1.09. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.87 and a quick ratio of 0.83.

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

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, August 11th. Apple's dividend payout ratio is currently 15.78%.

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of analyst reports. Moffett Nathanson raised shares of Apple from a "sell" rating to a "neutral" rating and set a $225.00 target price for the company in a report on Thursday, September 4th. Barclays lifted their price target on shares of Apple from $173.00 to $180.00 and gave the stock an "underweight" rating in a research report on Friday, August 1st. Tigress Financial lifted their price target on shares of Apple from $300.00 to $305.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, September 17th. JPMorgan Chase & Co. lifted their price target on shares of Apple from $255.00 to $280.00 and gave the stock an "overweight" rating in a research report on Friday, September 19th. Finally, Phillip Securities cut shares of Apple from a "hold" rating to a "moderate sell" rating and set a $200.00 price target on the stock. in a research report on Thursday, September 11th. Four equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Apple has a consensus rating of "Moderate Buy" and a consensus price target of $248.29.

Insider Buying and Selling at Apple

In other news, CFO Kevan Parekh sold 4,199 shares of the stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the completion of the transaction, the chief financial officer directly owned 8,765 shares in the company, valued at $2,168,373.35. This represents a 32.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Deirdre O'brien sold 43,013 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the transaction, the senior vice president owned 136,687 shares of the company's stock, valued at approximately $35,181,866.93. This represents a 23.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 259,121 shares of company stock valued at $65,358,981. Corporate insiders own 0.06% of the company's stock.

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.

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