Retirement Income Solutions Inc Acquires 941 Shares of Apple Inc. (NASDAQ:AAPL)

Retirement Income Solutions Inc raised its holdings in Apple Inc. (NASDAQ:AAPL) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,444 shares of the iPhone maker’s stock after buying an additional 941 shares during the quarter. Apple accounts for 1.1% of Retirement Income Solutions Inc’s investment portfolio, making the stock its 15th largest holding. Retirement Income Solutions Inc’s holdings in Apple were worth $5,370,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Drystone LLC acquired a new stake in Apple in the fourth quarter valued at approximately $25,000. Bull Oak Capital LLC grew its position in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after purchasing an additional 111 shares during the period. Life Planning Partners Inc acquired a new stake in Apple in the 4th quarter valued at $47,000. SPX Gestao de Recursos Ltda bought a new stake in Apple during the 3rd quarter valued at $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in Apple during the third quarter worth $77,000. 67.73% of the stock is currently owned by institutional investors.

Insider Transactions at Apple

In other news, CEO Timothy D. Cook sold 108,136 shares of the business’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the completion of the transaction, the chief executive officer now directly owns 3,280,295 shares in the company, valued at $733,637,976.75. The trade was a 3.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Jeffrey E. Williams sold 35,493 shares of Apple stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total value of $7,950,786.93. Following the sale, the chief operating officer now directly owns 390,059 shares of the company’s stock, valued at $87,377,116.59. This represents a 8.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 182,451 shares of company stock valued at $40,818,720. 0.06% of the stock is currently owned by corporate insiders.

Apple Stock Up 3.4 %

AAPL opened at $199.74 on Wednesday. Apple Inc. has a 12 month low of $164.92 and a 12 month high of $260.10. The company has a market cap of $3.00 trillion, a PE ratio of 31.70, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. The company has a 50 day moving average of $217.94 and a 200 day moving average of $229.69.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. On average, sell-side analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio is presently 15.87%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AAPL shares. Citigroup decreased their target price on shares of Apple from $275.00 to $245.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Bank of America decreased their price objective on Apple from $265.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. TD Cowen reaffirmed a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Tigress Financial increased their price target on Apple from $295.00 to $300.00 and gave the company a “strong-buy” rating in a research report on Thursday, April 3rd. Finally, Barclays raised their price objective on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $236.00.

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.