One Wealth Management Investment & Advisory Services LLC Sells 4,484 Shares of Apple Inc. (NASDAQ:AAPL)

One Wealth Management Investment & Advisory Services LLC trimmed its stake in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 9.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,043 shares of the iPhone maker's stock after selling 4,484 shares during the period. Apple comprises about 16.8% of One Wealth Management Investment & Advisory Services LLC's holdings, making the stock its biggest position. One Wealth Management Investment & Advisory Services LLC's holdings in Apple were worth $9,563,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Bull Oak Capital LLC raised 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. Hershey Financial Advisers LLC purchased a new stake in shares of Apple in the second quarter worth about $42,000. Christopher J. Hasenberg Inc boosted its position in Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker's stock valued at $69,000 after buying an additional 144 shares during the last quarter. ARK Investment Management LLC acquired a new stake in shares of Apple during the third quarter worth approximately $110,000. Finally, Cordant Inc. increased its holdings in Apple by 34.3% in the third quarter. Cordant Inc. now owns 678 shares of the iPhone maker's stock valued at $158,000 after buying an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company's stock.

Analyst Upgrades and Downgrades

AAPL has been the subject of several analyst reports. Loop Capital downgraded shares of Apple from a "buy" rating to a "hold" rating and set a $230.00 price target for the company. in a report on Tuesday. KeyCorp lowered Apple from a "sector weight" rating to an "underweight" rating and set a $200.00 price objective for the company. in a research note on Friday, October 25th. Oppenheimer reaffirmed a "buy" rating and set a $250.00 target price on shares of Apple in a research report on Tuesday, October 1st. StockNews.com lowered Apple from a "buy" rating to a "hold" rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company boosted their price objective on Apple to $275.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $238.02.

Apple Stock Down 3.2 %

Shares of NASDAQ AAPL opened at $222.64 on Wednesday. Apple Inc. has a 12-month low of $164.07 and a 12-month high of $260.10. The firm's 50-day simple moving average is $241.12 and its 200 day simple moving average is $230.85. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. The company has a market cap of $3.35 trillion, a price-to-earnings ratio of 36.62, a price-to-earnings-growth ratio of 2.25 and a beta of 1.20.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. The business had revenue of $94.93 billion for the quarter, compared to analysts' expectations of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. Apple's revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share. On average, research analysts expect that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, November 8th. Apple's dividend payout ratio is 16.45%.

Insider Buying and Selling

In other news, COO Jeffrey E. Williams sold 100,000 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the transaction, the chief operating officer now owns 389,944 shares of the company's stock, valued at $97,474,301.68. This represents a 20.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the company's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the sale, the insider now owns 15,419 shares of the company's stock, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.

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.