One Degree Advisors Inc Buys 2,316 Shares of Apple Inc. $AAPL

One Degree Advisors Inc lifted its stake in Apple Inc. (NASDAQ:AAPL) by 16.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,443 shares of the iPhone maker’s stock after buying an additional 2,316 shares during the period. Apple comprises approximately 1.2% of One Degree Advisors Inc’s holdings, making the stock its 21st largest holding. One Degree Advisors Inc’s holdings in Apple were worth $3,373,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AAPL. Ryan Investment Management Inc. bought a new position in Apple during the 2nd quarter valued at about $31,000. ROSS JOHNSON & Associates LLC increased its holdings in shares of Apple by 1,800.0% during the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after buying an additional 180 shares in the last quarter. Elite Financial Inc. acquired a new stake in shares of Apple during the first quarter worth approximately $58,000. LSV Asset Management bought a new position in shares of Apple in the fourth quarter valued at approximately $65,000. Finally, HFM Investment Advisors LLC acquired a new position in shares of Apple in the 1st quarter worth approximately $99,000. Institutional investors own 67.73% of the company’s stock.

Apple Price Performance

Apple stock opened at $268.47 on Friday. The business’s 50-day simple moving average is $252.25 and its 200 day simple moving average is $224.54. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.25. The stock has a market cap of $3.98 trillion, a price-to-earnings ratio of 40.74, a P/E/G ratio of 2.62 and a beta of 1.08. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $277.32.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. The company had revenue of $102.47 billion for the quarter, compared to the consensus estimate of $101.65 billion. Apple had a net margin of 24.30% and a return on equity of 170.91%. The company’s revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.64 EPS. As a group, research analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Monday, November 10th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, November 10th. Apple’s dividend payout ratio is currently 13.92%.

Insider Buying and Selling at Apple

In other Apple news, SVP Deirdre O’brien sold 43,013 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $257.39, for a total value of $11,071,116.07. Following the transaction, the senior vice president directly owned 136,687 shares of the company’s stock, valued at approximately $35,181,866.93. This trade represents a 23.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevan Parekh sold 4,199 shares of Apple stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the sale, the chief financial officer directly owned 8,765 shares of the company’s stock, valued at $2,168,373.35. This represents a 32.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 224,300 shares of company stock valued at $57,586,933. 0.06% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AAPL shares. Raymond James Financial reaffirmed an “outperform” rating and set a $240.00 price target (up from $230.00) on shares of Apple in a report on Friday, August 1st. Rosenblatt Securities boosted their price objective on Apple from $241.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Evercore ISI raised their target price on Apple from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Robert W. Baird set a $300.00 price target on Apple in a report on Friday, October 31st. Finally, Phillip Securities downgraded shares of Apple from a “hold” rating to a “moderate sell” rating and set a $200.00 price target on the stock. in a research report on Thursday, September 11th. Three analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $278.22.

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.