OneAscent Family Office LLC Has $2.18 Million Stake in Apple Inc. $AAPL

OneAscent Family Office LLC raised its position in Apple Inc. (NASDAQ:AAPL) by 309.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,818 shares of the iPhone maker’s stock after purchasing an additional 7,423 shares during the quarter. Apple accounts for approximately 2.0% of OneAscent Family Office LLC’s holdings, making the stock its 11th largest holding. OneAscent Family Office LLC’s holdings in Apple were worth $2,182,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AAPL. Burkett Financial Services LLC grew its holdings in shares of Apple by 0.6% in the 1st quarter. Burkett Financial Services LLC now owns 14,401 shares of the iPhone maker’s stock valued at $3,199,000 after acquiring an additional 93 shares in the last quarter. Avid Wealth Partners LLC grew its holdings in shares of Apple by 28.3% in the 1st quarter. Avid Wealth Partners LLC now owns 4,211 shares of the iPhone maker’s stock valued at $935,000 after acquiring an additional 930 shares in the last quarter. OneAscent Wealth Management LLC grew its holdings in shares of Apple by 4.6% in the 4th quarter. OneAscent Wealth Management LLC now owns 9,332 shares of the iPhone maker’s stock valued at $2,337,000 after acquiring an additional 409 shares in the last quarter. TruWealth Advisors LLC grew its holdings in shares of Apple by 2.8% in the 1st quarter. TruWealth Advisors LLC now owns 189,282 shares of the iPhone maker’s stock valued at $42,045,000 after acquiring an additional 5,120 shares in the last quarter. Finally, Allstate Corp grew its holdings in shares of Apple by 3,368.2% in the 4th quarter. Allstate Corp now owns 451,489 shares of the iPhone maker’s stock valued at $113,062,000 after acquiring an additional 438,471 shares in the last quarter. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Trading Down 0.2%

Shares of NASDAQ:AAPL opened at $232.14 on Tuesday. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $260.10. The stock has a market cap of $3.45 trillion, a PE ratio of 35.23, a P/E/G ratio of 2.42 and a beta of 1.11. The business has a 50 day moving average of $216.40 and a 200-day moving average of $212.63. 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 (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.14. Apple had a return on equity of 170.91% and a net margin of 24.30%.The company had revenue of $94.04 billion during the quarter, compared to analysts’ expectations of $88.64 billion. During the same quarter in the previous year, the company posted $1.40 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. As a group, equities research analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were issued 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 payout ratio is currently 15.78%.

Insider Activity

In other news, SVP Deirdre O’brien sold 34,821 shares of Apple stock in a transaction that occurred 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 directly owned 136,687 shares in the company, valued at approximately $30,508,538.40. The trade was a 20.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AAPL has been the subject of several analyst reports. Barclays raised their price objective on Apple from $173.00 to $180.00 and gave the company an “underweight” rating in a report on Friday, August 1st. Jefferies Financial Group upgraded Apple from an “underperform” rating to a “hold” rating in a report on Friday, July 18th. Raymond James Financial reiterated an “outperform” rating and set a $240.00 price target (up previously from $230.00) on shares of Apple in a report on Friday, August 1st. Evercore ISI reiterated an “outperform” rating and set a $250.00 price target on shares of Apple in a report on Wednesday, August 13th. Finally, Wedbush reiterated an “outperform” rating and set a $270.00 price target on shares of Apple in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Apple presently has an average rating of “Moderate Buy” and an average target price of $237.37.

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.