Apple Inc. (NASDAQ:AAPL) Holdings Lowered by Onyx Bridge Wealth Group LLC

Onyx Bridge Wealth Group LLC reduced its position in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 92,252 shares of the iPhone maker’s stock after selling 632 shares during the quarter. Apple comprises approximately 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 $21,495,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. increased its holdings in shares of Apple by 127.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock valued at $12,943,000 after acquiring an additional 42,282 shares during the period. Te Ahumairangi Investment Management Ltd raised its position in Apple by 15.7% during the 1st quarter. Te Ahumairangi Investment Management Ltd now owns 150,505 shares of the iPhone maker’s stock worth $25,809,000 after buying an additional 20,430 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Apple by 1.3% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 89,259 shares of the iPhone maker’s stock worth $15,306,000 after buying an additional 1,139 shares during the last quarter. Jupiter Asset Management Ltd. lifted its stake in shares of Apple by 30.4% in the 1st quarter. Jupiter Asset Management Ltd. now owns 2,297,008 shares of the iPhone maker’s stock valued at $393,891,000 after purchasing an additional 535,917 shares during the period. Finally, Magnolia Wealth Management LLC raised its holdings in Apple by 255.2% in the 1st quarter. Magnolia Wealth Management LLC now owns 16,387 shares of the iPhone maker’s stock worth $2,798,000 after purchasing an additional 11,774 shares during the period. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Apple Stock Up 0.4 %

Shares of NASDAQ AAPL opened at $247.77 on Wednesday. The firm’s 50 day moving average price is $230.80 and its 200 day moving average price is $222.26. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $248.21. The firm has a market cap of $3.75 trillion, a P/E ratio of 40.75, a price-to-earnings-growth ratio of 2.38 and a beta of 1.23. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a return on equity of 152.94% and a net margin of 23.97%. The company had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. During the same period in the prior year, the firm posted $1.46 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders 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 payout ratio is 16.45%.

Analyst Ratings Changes

Several research firms have commented on AAPL. 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 reissued a “buy” rating and set a $250.00 target price on shares of Apple in a research note on Tuesday, October 1st. JPMorgan Chase & Co. restated an “overweight” rating and issued a $265.00 price objective on shares of Apple in a report on Tuesday, September 10th. Jefferies Financial Group lowered shares of Apple from a “buy” rating to a “hold” rating and lifted their price target for the stock from $205.00 to $212.92 in a research note on Monday, October 7th. Finally, Monness Crespi & Hardt reissued a “buy” rating and set a $245.00 price objective on shares of Apple in a research report on Monday, September 9th. Two equities research 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 given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $236.78.

Insider Transactions at Apple

In other news, CFO Luca Maestri sold 59,305 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $226.52, for a total value of $13,433,768.60. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares of the company’s stock, valued at approximately $24,416,137.76. This represents a 35.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total transaction of $945,233.10. Following the completion of the sale, the insider now owns 15,419 shares in the company, valued at approximately $3,528,946.53. This trade represents a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 408,170 shares of company stock valued at $92,007,745. Insiders own 0.06% of the company’s stock.

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.