One Plus One Wealth Management LLC Has $3.41 Million Stake in Apple Inc. (NASDAQ:AAPL)

One Plus One Wealth Management LLC reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,633 shares of the iPhone maker’s stock after selling 651 shares during the period. Apple comprises about 2.0% of One Plus One Wealth Management LLC’s investment portfolio, making the stock its 17th largest holding. One Plus One Wealth Management LLC’s holdings in Apple were worth $3,414,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AAPL. Drystone LLC bought a new position in Apple during the fourth quarter worth about $25,000. Bull Oak Capital LLC lifted its position in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after buying an additional 111 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new position in shares of Apple during the 3rd quarter worth approximately $71,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple during the 3rd quarter worth approximately $77,000. Finally, ARK Investment Management LLC bought a new stake in Apple in the 3rd quarter valued at $110,000. 67.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Tigress Financial upped their price objective on shares of Apple from $295.00 to $300.00 and gave the company a “strong-buy” rating in a report on Thursday, April 3rd. Redburn Partners set a $230.00 price target on shares of Apple in a report on Friday, January 31st. Wedbush decreased their target price on Apple from $325.00 to $250.00 and set an “outperform” rating on the stock in a research report on Monday, April 7th. TD Cowen restated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Finally, UBS Group increased their price objective on Apple to $236.00 and gave the stock a “buy” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus target price of $235.85.

Apple Trading Down 3.9 %

Shares of AAPL stock opened at $194.27 on Thursday. The stock has a fifty day simple moving average of $220.98 and a two-hundred day simple moving average of $230.53. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The firm has a market capitalization of $2.92 trillion, a PE ratio of 30.84, a PEG ratio of 2.44 and a beta of 1.26. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s payout ratio is 15.87%.

Insider Transactions at Apple

In other Apple news, SVP Katherine L. Adams sold 38,822 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total value of $8,683,316.74. Following the transaction, the senior vice president now directly owns 179,158 shares in the company, valued at $40,072,269.86. This represents a 17.81 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total value of $24,184,616.40. Following the completion of the sale, the chief executive officer now owns 3,280,295 shares of the company’s stock, valued at $733,637,976.75. The trade was a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 182,451 shares of company stock worth $40,818,720. 0.06% of the stock is currently owned by company insiders.

About Apple

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.