One Plus One Wealth Management LLC Sells 586 Shares of Apple Inc. (NASDAQ:AAPL)

One Plus One Wealth Management LLC reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 3.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,857 shares of the iPhone maker’s stock after selling 586 shares during the quarter. Apple comprises 1.7% of One Plus One Wealth Management LLC’s holdings, making the stock its 21st biggest position. One Plus One Wealth Management LLC’s holdings in Apple were worth $2,860,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AAPL. IFM Investors Pty Ltd raised its holdings in Apple by 20.0% during the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock worth $456,728,000 after purchasing an additional 435,891 shares during the last quarter. Ironwood Wealth Management LLC. raised its holdings in Apple by 0.4% during the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock worth $42,016,000 after purchasing an additional 1,040 shares during the last quarter. Markel Corp grew its position in shares of Apple by 0.7% during the 1st quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock worth $210,752,000 after buying an additional 8,450 shares during the period. Camden Capital LLC grew its position in shares of Apple by 9.2% during the 1st quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock worth $27,305,000 after buying an additional 13,200 shares during the period. Finally, Harbor Island Capital LLC grew its position in shares of Apple by 0.3% during the 1st quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock worth $23,629,000 after buying an additional 400 shares during the period. 60.41% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AAPL has been the subject of several analyst reports. Needham & Company LLC restated a “buy” rating and set a $220.00 target price on shares of Apple in a research report on Tuesday. Barclays decreased their target price on Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a research report on Friday, February 2nd. Piper Sandler decreased their target price on Apple from $205.00 to $190.00 and set a “neutral” rating for the company in a research report on Friday, February 2nd. Maxim Group initiated coverage on Apple in a research report on Wednesday. They set a “hold” rating and a $178.00 target price for the company. Finally, Piper Sandler Companies lowered Apple to a “neutral” rating and decreased their target price for the stock from $220.00 to $205.00 in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average price target of $203.34.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the transaction, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the transaction, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy D. Cook sold 99,183 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the transaction, the chief executive officer now owns 3,377,407 shares in the company, valued at approximately $574,260,512.21. The disclosure for this sale can be found here. Insiders have sold 366,271 shares of company stock worth $63,653,887 in the last 90 days. Company insiders own 0.06% of the company’s stock.

Apple Stock Down 1.2 %

AAPL opened at $165.00 on Friday. Apple Inc. has a 1-year low of $162.80 and a 1-year high of $199.62. The stock’s fifty day simple moving average is $174.67 and its 200 day simple moving average is $182.04. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. The stock has a market cap of $2.55 trillion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 2.03 and a beta of 1.27.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business had revenue of $119.60 billion for the quarter, compared to analysts’ expectations of $117.99 billion. During the same quarter in the prior year, the business earned $1.88 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, research analysts expect that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Friday, February 9th. Apple’s payout ratio is 14.95%.

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.