OneDigital Investment Advisors LLC Has $141.11 Million Holdings in Apple Inc. $AAPL

OneDigital Investment Advisors LLC decreased its stake in Apple Inc. (NASDAQ:AAPL) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 635,261 shares of the iPhone maker’s stock after selling 15,236 shares during the period. Apple comprises about 1.7% of OneDigital Investment Advisors LLC’s holdings, making the stock its 8th largest holding. OneDigital Investment Advisors LLC’s holdings in Apple were worth $141,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in AAPL. Life Planning Partners Inc acquired a new stake in Apple during the 4th quarter worth approximately $47,000. Conquis Financial LLC acquired a new stake in Apple during the 4th quarter worth approximately $63,000. LSV Asset Management acquired a new stake in Apple during the 4th quarter worth approximately $65,000. Pillar Financial Advisors LLC acquired a new stake in Apple during the 4th quarter worth approximately $82,000. Finally, Compass Planning Associates Inc acquired a new stake in Apple during the 4th quarter worth approximately $96,000. Institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

NASDAQ:AAPL opened at $226.01 on Thursday. The company has a fifty day moving average of $211.38 and a 200-day moving average of $213.15. The firm has a market capitalization of $3.35 trillion, a P/E ratio of 34.30, a P/E/G ratio of 2.41 and a beta of 1.16. 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 twelve month low of $169.21 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.14. The company had revenue of $94.04 billion during the quarter, compared to analyst estimates of $88.64 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. Apple’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 EPS. As a group, sell-side analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.

Apple announced that its Board of Directors has approved a share buyback plan on Thursday, May 1st that allows the company to buyback $100.00 billion in shares. This buyback authorization allows the iPhone maker to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were paid a $0.26 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.04 annualized dividend and a dividend yield of 0.5%. Apple’s payout ratio is currently 15.78%.

Insider Buying and Selling at Apple

In other news, SVP Deirdre O’brien sold 34,821 shares of Apple stock in a transaction on Friday, August 8th. The shares were sold at an average price of $223.20, for a total value of $7,772,047.20. Following the completion of the sale, the senior vice president owned 136,687 shares in the company, valued at $30,508,538.40. The trade was a 20.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.06% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on AAPL. Citigroup lifted their target price on shares of Apple from $240.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. TD Cowen cut their target price on shares of Apple from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Scotiabank downgraded shares of Apple to a “market perform” rating in a research report on Friday, May 2nd. Rosenblatt Securities reiterated a “neutral” rating and set a $217.00 target price on shares of Apple in a research report on Tuesday, July 29th. Finally, Loop Capital cut their target price on shares of Apple from $230.00 to $215.00 and set a “hold” rating on the stock in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $237.60.

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.