OneAscent Financial Services LLC Has $16.48 Million Holdings in Apple Inc. (NASDAQ:AAPL)

OneAscent Financial Services LLC lifted its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 87.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 65,788 shares of the iPhone maker's stock after purchasing an additional 30,598 shares during the quarter. Apple accounts for approximately 1.4% of OneAscent Financial Services LLC's holdings, making the stock its 12th biggest holding. OneAscent Financial Services LLC's holdings in Apple were worth $16,475,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AAPL. Drystone LLC acquired a new stake in shares of Apple during the fourth quarter worth approximately $25,000. Life Planning Partners Inc bought a new stake in Apple during the 4th quarter worth approximately $47,000. SPX Gestao de Recursos Ltda acquired a new stake in Apple during the 3rd quarter valued at $71,000. Pillar Financial Advisors LLC bought a new position in Apple in the 4th quarter valued at $82,000. Finally, Compass Planning Associates Inc acquired a new position in Apple in the fourth quarter worth $96,000. Institutional investors and hedge funds own 67.73% of the company's stock.

Insider Buying and Selling

In other news, insider Chris Kondo sold 4,486 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $208.19, for a total value of $933,940.34. Following the completion of the transaction, the insider now owns 15,533 shares in the company, valued at $3,233,815.27. This represents a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevan Parekh sold 4,570 shares of the stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total transaction of $941,420.00. Following the sale, the chief financial officer now directly owns 4,569 shares of the company's stock, valued at $941,214. This represents a 50.01% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 191,507 shares of company stock valued at $42,694,080. 0.06% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AAPL. Loop Capital lowered their target price on Apple from $230.00 to $215.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Evercore ISI raised their price objective on shares of Apple to $250.00 and gave the company a "buy" rating in a research report on Friday, June 6th. Scotiabank lowered shares of Apple to a "market perform" rating in a research report on Friday, May 2nd. Morgan Stanley reissued an "overweight" rating and set a $235.00 price target on shares of Apple in a research note on Thursday, June 5th. Finally, Bank of America restated a "buy" rating and issued a $235.00 price objective on shares of Apple in a research report on Tuesday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Apple has an average rating of "Moderate Buy" and an average target price of $234.86.

Apple Trading Up 0.0%

NASDAQ:AAPL traded up $0.06 during trading hours on Thursday, hitting $198.84. The stock had a trading volume of 14,546,869 shares, compared to its average volume of 55,449,083. The business's 50 day moving average is $200.92 and its 200-day moving average is $223.60. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The company has a market cap of $2.97 trillion, a price-to-earnings ratio of 31.56, a P/E/G ratio of 2.44 and a beta of 1.22. Apple Inc. has a one year low of $169.21 and a one year high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.03. The firm had revenue of $95.36 billion during the quarter, compared to analysts' expectations of $94.04 billion. Apple had a return on equity of 160.83% and a net margin of 24.30%. The company's revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.53 earnings per share. Sell-side analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple declared that its board has initiated a share buyback program on Thursday, May 1st that permits the company to buyback $100.00 billion in shares. This buyback authorization permits the iPhone maker to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its shares are undervalued.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 12th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.52%. This is a boost from Apple's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, May 12th. Apple's dividend payout ratio is presently 16.20%.

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.