OneDigital Investment Advisors LLC Sells 4,579 Shares of Apple Inc. (NASDAQ:AAPL)

OneDigital Investment Advisors LLC lessened its stake in Apple Inc. (NASDAQ:AAPL) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 686,330 shares of the iPhone maker’s stock after selling 4,579 shares during the quarter. Apple comprises about 1.8% of OneDigital Investment Advisors LLC’s holdings, making the stock its 7th largest holding. OneDigital Investment Advisors LLC’s holdings in Apple were worth $159,915,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in AAPL. Sycomore Asset Management purchased a new position in Apple during the third quarter worth about $2,798,000. Omnia Family Wealth LLC increased its holdings in shares of Apple by 4.6% during the 3rd quarter. Omnia Family Wealth LLC now owns 36,307 shares of the iPhone maker’s stock worth $8,460,000 after buying an additional 1,611 shares during the last quarter. Palo Alto Wealth Advisors LLC increased its holdings in shares of Apple by 72.4% during the 3rd quarter. Palo Alto Wealth Advisors LLC now owns 34,136 shares of the iPhone maker’s stock worth $8,072,000 after buying an additional 14,337 shares during the last quarter. International Private Wealth Advisors LLC raised its position in shares of Apple by 279.8% during the 3rd quarter. International Private Wealth Advisors LLC now owns 13,429 shares of the iPhone maker’s stock valued at $3,129,000 after buying an additional 9,893 shares during the period. Finally, Intelligence Driven Advisers LLC lifted its holdings in Apple by 2.4% in the third quarter. Intelligence Driven Advisers LLC now owns 72,547 shares of the iPhone maker’s stock valued at $16,904,000 after acquiring an additional 1,734 shares during the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Wall Street Analyst Weigh In

AAPL has been the subject of several recent analyst reports. Jefferies Financial Group cut Apple from a “hold” rating to an “underperform” rating and cut their target price for the stock from $211.84 to $200.75 in a research note on Tuesday. Piper Sandler reissued a “neutral” rating and set a $225.00 price objective on shares of Apple in a research report on Wednesday, October 9th. Moffett Nathanson reaffirmed a “sell” rating and issued a $188.00 target price (down previously from $202.00) on shares of Apple in a research report on Tuesday, January 7th. StockNews.com cut shares of Apple from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Wedbush upped their price objective on shares of Apple from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Thursday, December 26th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus price target of $237.99.

Apple Stock Up 0.5 %

AAPL stock opened at $223.83 on Thursday. The company’s 50 day moving average is $241.09 and its two-hundred day moving average is $230.82. Apple Inc. has a twelve month low of $164.07 and a twelve month high of $260.10. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The stock has a market cap of $3.37 trillion, a P/E ratio of 36.81, a PEG ratio of 2.25 and a beta of 1.20.

Apple (NASDAQ:AAPL) last released 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 for the quarter, compared to analyst estimates of $94.52 billion. During the same quarter in the previous year, the company posted $1.46 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year. Research analysts expect that Apple Inc. will post 7.43 earnings per share for the current fiscal year.

Apple Dividend Announcement

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

Insiders Place Their Bets

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were 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 directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Chris Kondo sold 4,130 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $3,528,946.53. This trade represents a 21.13 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is owned by 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.