One Degree Advisors Inc Trims Holdings in Apple Inc. (NASDAQ:AAPL)

One Degree Advisors Inc decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 2.6% during the third quarter, HoldingsChannel.com reports. The firm owned 14,122 shares of the iPhone maker’s stock after selling 374 shares during the quarter. Apple makes up about 1.4% of One Degree Advisors Inc’s holdings, making the stock its 22nd biggest holding. One Degree Advisors Inc’s holdings in Apple were worth $3,216,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. China Universal Asset Management Co. Ltd. increased its stake in shares of Apple by 127.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock valued at $12,943,000 after buying an additional 42,282 shares during the period. Capital International Ltd. CA increased its stake in shares of Apple by 47.0% during the first quarter. Capital International Ltd. CA now owns 108,711 shares of the iPhone maker’s stock valued at $18,642,000 after buying an additional 34,744 shares during the period. Toronto Dominion Bank increased its stake in shares of Apple by 3.0% during the first quarter. Toronto Dominion Bank now owns 10,470,555 shares of the iPhone maker’s stock valued at $1,795,491,000 after buying an additional 302,482 shares during the period. Capital International Sarl increased its stake in shares of Apple by 22.6% during the first quarter. Capital International Sarl now owns 195,471 shares of the iPhone maker’s stock valued at $33,519,000 after buying an additional 36,019 shares during the period. Finally, JT Stratford LLC increased its stake in shares of Apple by 3.2% during the first quarter. JT Stratford LLC now owns 49,725 shares of the iPhone maker’s stock valued at $8,527,000 after buying an additional 1,561 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Bank of America raised their price objective on Apple to $256.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Evercore ISI reaffirmed a “buy” rating and set a $250.00 price objective on shares of Apple in a research report on Thursday, September 26th. Rosenblatt Securities raised their price objective on Apple from $261.00 to $262.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Oppenheimer reaffirmed a “buy” rating and set a $250.00 price objective on shares of Apple in a research report on Tuesday, October 1st. Finally, Loop Capital dropped their price objective on Apple from $300.00 to $275.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

Apple Stock Up 0.1 %

Apple stock opened at $248.13 on Monday. The stock has a market capitalization of $3.75 trillion, a PE ratio of 40.81, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $250.80. The business has a 50 day simple moving average of $232.50 and a 200-day simple moving average of $223.88. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.87 and a quick ratio of 0.83.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. Apple had a return on equity of 152.94% and a net margin of 23.97%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.46 earnings per share. On average, analysts anticipate that Apple Inc. will post 7.43 EPS for the current fiscal year.

Apple Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s dividend payout ratio (DPR) is presently 16.45%.

Insider Activity

In other news, insider Chris Kondo sold 4,130 shares of Apple stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, the insider now directly owns 15,419 shares of the company’s stock, valued at $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Timothy D. Cook sold 223,986 shares of the business’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total value of $50,275,897.56. Following the transaction, the chief executive officer now directly owns 3,280,180 shares in the company, valued at $736,269,202.80. This trade represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 408,170 shares of company stock worth $92,007,745 over the last three months. 0.06% of the stock is currently owned by corporate 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.