Apple Inc. (NASDAQ:AAPL) Stock Holdings Cut by RHS Financial LLC

RHS Financial LLC cut its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 11.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,067 shares of the iPhone maker’s stock after selling 1,010 shares during the quarter. RHS Financial LLC’s holdings in Apple were worth $1,115,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wealthspire Advisors LLC boosted its stake in shares of Apple by 42.8% during the 2nd quarter. Wealthspire Advisors LLC now owns 299,829 shares of the iPhone maker’s stock worth $40,993,000 after acquiring an additional 89,865 shares in the last quarter. Emerald Advisors LLC lifted its holdings in shares of Apple by 2.4% in the second quarter. Emerald Advisors LLC now owns 19,905 shares of the iPhone maker’s stock valued at $2,721,000 after purchasing an additional 465 shares in the last quarter. Eagle Bay Advisors LLC lifted its holdings in shares of Apple by 35.7% in the second quarter. Eagle Bay Advisors LLC now owns 25,608 shares of the iPhone maker’s stock valued at $3,501,000 after purchasing an additional 6,735 shares in the last quarter. Callan Capital LLC lifted its holdings in shares of Apple by 1.6% in the second quarter. Callan Capital LLC now owns 85,226 shares of the iPhone maker’s stock valued at $11,652,000 after purchasing an additional 1,322 shares in the last quarter. Finally, Sageworth Trust Co lifted its holdings in shares of Apple by 150.3% in the second quarter. Sageworth Trust Co now owns 5,798 shares of the iPhone maker’s stock valued at $793,000 after purchasing an additional 3,482 shares in the last quarter. 57.60% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Apple news, CFO Luca Maestri sold 176,299 shares of the firm’s stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $155.95, for a total transaction of $27,493,829.05. Following the completion of the transaction, the chief financial officer now owns 110,673 shares in the company, valued at $17,259,454.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Luca Maestri sold 176,299 shares of Apple stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $155.95, for a total value of $27,493,829.05. Following the completion of the transaction, the chief financial officer now owns 110,673 shares in the company, valued at $17,259,454.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chris Kondo sold 20,200 shares of Apple stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $148.72, for a total transaction of $3,004,144.00. Following the completion of the transaction, the insider now owns 31,505 shares of the company’s stock, valued at approximately $4,685,423.60. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Up 1.0 %

AAPL stock opened at $134.76 on Monday. Apple Inc. has a twelve month low of $124.17 and a twelve month high of $179.61. The company has a market cap of $2.14 trillion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. The business’s 50-day simple moving average is $139.33 and its 200 day simple moving average is $148.32. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95.

Apple (NASDAQ:AAPLGet Rating) last released its earnings results on Thursday, October 27th. The iPhone maker reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. The business had revenue of $90.15 billion for the quarter, compared to the consensus estimate of $88.77 billion. Apple had a return on equity of 160.90% and a net margin of 25.31%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $1.24 earnings per share. On average, research analysts anticipate that Apple Inc. will post 6.19 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Monday, November 7th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Friday, November 4th. Apple’s dividend payout ratio is 15.06%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Sanford C. Bernstein reduced their target price on Apple from $170.00 to $125.00 in a report on Monday, January 9th. KeyCorp restated a “buy” rating and issued a $175.00 target price on shares of Apple in a report on Tuesday, November 8th. Bank of America reduced their target price on Apple from $160.00 to $154.00 and set a “neutral” rating for the company in a report on Monday, November 7th. Credit Suisse Group set a $184.00 price objective on Apple in a report on Wednesday, January 4th. Finally, Barclays cut their price objective on Apple from $144.00 to $133.00 and set an “equal weight” rating for the company in a report on Wednesday, January 11th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and a consensus target price of $171.22.

Apple Company Profile

(Get Rating)

Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, 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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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