H&H Retirement Design & Management INC Sells 271 Shares of Apple Inc. (NASDAQ:AAPL)

H&H Retirement Design & Management INC trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 11.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,180 shares of the iPhone maker’s stock after selling 271 shares during the period. H&H Retirement Design & Management INC’s holdings in Apple were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Instrumental Wealth LLC lifted its stake in shares of Apple by 7.4% in the fourth quarter. Instrumental Wealth LLC now owns 7,525 shares of the iPhone maker’s stock valued at $1,848,000 after buying an additional 518 shares in the last quarter. Wilkins Miller Wealth Management LLC bought a new position in shares of Apple in the fourth quarter valued at $2,644,000. Hall Capital Management Co. Inc. bought a new position in shares of Apple in the fourth quarter valued at $9,372,000. Liberty Square Wealth Partners LLC bought a new position in shares of Apple in the fourth quarter valued at $18,088,000. Finally, Cypress Asset Management Inc. TX bought a new position in shares of Apple in the fourth quarter valued at $29,493,000. 67.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on AAPL. Citigroup reaffirmed a “buy” rating on shares of Apple in a research note on Tuesday, June 10th. Maxim Group raised their price target on shares of Apple to $215.00 and gave the company a “hold” rating in a research report on Friday, February 21st. TD Cowen dropped their price target on shares of Apple from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. DA Davidson raised their price target on shares of Apple from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Finally, KeyCorp raised shares of Apple from an “underweight” rating to a “sector weight” rating in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Apple has an average rating of “Moderate Buy” and a consensus target price of $234.86.

Insider Transactions at Apple

In related news, insider Chris Kondo sold 4,486 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $208.19, for a total transaction of $933,940.34. Following the completion of the transaction, the insider now owns 15,533 shares of the company’s stock, valued at approximately $3,233,815.27. The trade was a 22.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jeffrey E. Williams sold 35,493 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $224.01, for a total transaction of $7,950,786.93. Following the transaction, the chief operating officer now directly owns 390,059 shares of the company’s stock, valued at approximately $87,377,116.59. This represents a 8.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold 191,507 shares of company stock worth $42,694,080 over the last quarter. Corporate insiders own 0.06% of the company’s stock.

Apple Price Performance

AAPL opened at $196.58 on Friday. The company has a market capitalization of $2.94 trillion, a price-to-earnings ratio of 30.62, a PEG ratio of 2.19 and a beta of 1.22. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 1.18. The firm has a 50-day moving average price of $202.29 and a 200-day moving average price of $222.00. Apple Inc. has a twelve month low of $169.21 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL) last posted its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.03. The firm had revenue of $95.36 billion during the quarter, compared to the consensus estimate of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 167.24%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.53 earnings per share. Equities analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 12th were paid a $0.26 dividend. This is an increase from Apple’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.04 annualized dividend and a dividend yield of 0.53%. Apple’s dividend payout ratio (DPR) is presently 16.20%.

Apple declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 1st that permits the company to buyback $100.00 billion in shares. This buyback authorization permits the iPhone maker to reacquire up to 3.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Apple Company 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.