Onyx Bridge Wealth Group LLC Has $19.56 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Onyx Bridge Wealth Group LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 0.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,884 shares of the iPhone maker’s stock after purchasing an additional 734 shares during the period. Apple comprises 3.2% of Onyx Bridge Wealth Group LLC’s holdings, making the stock its 4th largest holding. Onyx Bridge Wealth Group LLC’s holdings in Apple were worth $19,563,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Christopher J. Hasenberg Inc bought a new position in Apple in the 1st quarter valued at about $35,000. A.P. Gilfoyle & Co. L.P. acquired a new stake in shares of Apple during the 4th quarter worth approximately $39,000. University of Texas Texas AM Investment Managment Co. boosted its position in shares of Apple by 657.1% during the 4th quarter. University of Texas Texas AM Investment Managment Co. now owns 424 shares of the iPhone maker’s stock worth $82,000 after acquiring an additional 368 shares in the last quarter. Clarity Asset Management Inc. bought a new position in Apple in the fourth quarter valued at approximately $85,000. Finally, Clear Street Markets LLC raised its position in Apple by 100.6% during the fourth quarter. Clear Street Markets LLC now owns 483 shares of the iPhone maker’s stock valued at $93,000 after purchasing an additional 83,965 shares in the last quarter. 60.41% of the stock is owned by institutional investors.

Apple Stock Performance

Shares of AAPL opened at $228.20 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29. The firm’s fifty day simple moving average is $222.41 and its two-hundred day simple moving average is $200.19. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.23. The stock has a market capitalization of $3.50 trillion, a P/E ratio of 35.49, a price-to-earnings-growth ratio of 2.62 and a beta of 1.24.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, August 1st. The iPhone maker reported $1.40 EPS for the quarter, beating the consensus estimate of $1.34 by $0.06. The company had revenue of $85.78 billion for the quarter, compared to analyst estimates of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.26 EPS. As a group, analysts predict that Apple Inc. will post 6.7 EPS for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were paid a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Apple’s dividend payout ratio is currently 15.55%.

Insider Activity at Apple

In other Apple news, insider Chris Kondo sold 8,706 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the sale, the insider now directly owns 15,419 shares in the company, valued at $3,469,275. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Katherine L. Adams sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total transaction of $20,644,000.00. Following the transaction, the senior vice president now directly owns 191,543 shares of the company’s stock, valued at approximately $39,542,136.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Chris Kondo sold 8,706 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $225.00, for a total value of $1,958,850.00. Following the completion of the transaction, the insider now owns 15,419 shares in the company, valued at approximately $3,469,275. The disclosure for this sale can be found here. Insiders have sold 113,884 shares of company stock worth $23,723,887 in the last quarter. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

AAPL has been the topic of a number of research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $261.00 target price on shares of Apple in a report on Tuesday, September 10th. Robert W. Baird lifted their target price on Apple from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Erste Group Bank raised Apple from a “hold” rating to a “buy” rating in a research note on Friday, June 14th. Sanford C. Bernstein raised their price target on shares of Apple from $195.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, June 21st. Finally, StockNews.com upgraded shares of Apple from a “hold” rating to a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $239.17.

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.