Apple Inc. (NASDAQ:AAPL) is One Charles Private Wealth Services LLC’s 8th Largest Position

One Charles Private Wealth Services LLC increased its position in Apple Inc. (NASDAQ:AAPL) by 249.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,517 shares of the iPhone maker’s stock after purchasing an additional 21,788 shares during the quarter. Apple makes up about 2.8% of One Charles Private Wealth Services LLC’s investment portfolio, making the stock its 8th largest holding. One Charles Private Wealth Services LLC’s holdings in Apple were worth $4,180,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Milestone Resources Group Ltd grew its holdings in shares of Apple by 57.7% in the second quarter. Milestone Resources Group Ltd now owns 216 shares of the iPhone maker’s stock worth $30,000 after acquiring an additional 79 shares during the period. Groesbeck Investment Management Corp NJ grew its holdings in shares of Apple by 0.6% in the first quarter. Groesbeck Investment Management Corp NJ now owns 13,904 shares of the iPhone maker’s stock worth $1,698,000 after acquiring an additional 80 shares during the period. Prentiss Smith & Co. Inc. grew its holdings in shares of Apple by 4.7% in the first quarter. Prentiss Smith & Co. Inc. now owns 1,800 shares of the iPhone maker’s stock worth $220,000 after acquiring an additional 80 shares during the period. Salzhauer Michael grew its holdings in shares of Apple by 2.6% in the second quarter. Salzhauer Michael now owns 3,120 shares of the iPhone maker’s stock worth $427,000 after acquiring an additional 80 shares during the period. Finally, Smart Money Group LLC grew its holdings in shares of Apple by 2.6% in the second quarter. Smart Money Group LLC now owns 3,170 shares of the iPhone maker’s stock worth $421,000 after acquiring an additional 81 shares during the period. Institutional investors own 56.38% of the company’s stock.

Shares of AAPL stock opened at $143.43 on Wednesday. Apple Inc. has a 1 year low of $105.00 and a 1 year high of $157.26. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.06 and a quick ratio of 1.01. The stock’s 50 day simple moving average is $148.46 and its two-hundred day simple moving average is $135.93. The company has a market cap of $2.37 trillion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 2.10 and a beta of 1.20.

Apple (NASDAQ:AAPL) last released its earnings results on Monday, July 26th. The iPhone maker reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.29. The firm had revenue of $81.40 billion for the quarter, compared to analysts’ expectations of $73.48 billion. Apple had a return on equity of 131.01% and a net margin of 25.00%. The company’s quarterly revenue was up 36.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Equities research analysts expect that Apple Inc. will post 5.59 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 12th. Investors of record on Monday, August 9th were paid a $0.22 dividend. The ex-dividend date of this dividend was Friday, August 6th. This represents a $0.88 annualized dividend and a yield of 0.61%. Apple’s dividend payout ratio (DPR) is currently 26.83%.

Several analysts recently commented on AAPL shares. Piper Sandler lifted their price objective on Apple from $160.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, July 28th. Evercore ISI raised Apple to a “buy” rating and set a $180.00 price objective for the company in a report on Friday, September 10th. UBS Group set a $175.00 price target on Apple in a report on Monday, September 13th. Wells Fargo & Company raised Apple to an “overweight” rating and boosted their price target for the company from $160.00 to $165.00 in a report on Wednesday, July 28th. Finally, DZ Bank reissued a “buy” rating on shares of Apple in a report on Tuesday, August 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, Apple presently has an average rating of “Buy” and an average price target of $162.79.

In related news, CEO Timothy D. Cook sold 2,386,440 shares of the stock in a transaction that occurred on Wednesday, August 25th. The stock was sold at an average price of $148.58, for a total value of $354,577,255.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Katherine L. Adams sold 17,000 shares of the stock in a transaction that occurred on Monday, August 2nd. The stock was sold at an average price of $145.89, for a total value of $2,480,130.00. Following the completion of the transaction, the senior vice president now directly owns 324,164 shares in the company, valued at approximately $47,292,285.96. The disclosure for this sale can be found here. In the last three months, insiders sold 2,418,317 shares of company stock worth $359,229,278. 0.06% of the stock is owned by insiders.

Apple Profile

Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.

Read More: Determine Your Level of Risk Tolerance

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.