Retirement Income Solutions Inc Has $4.32 Million Stock Holdings in Apple Inc. $AAPL

Retirement Income Solutions Inc lessened its stake in Apple Inc. (NASDAQ:AAPL) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,045 shares of the iPhone maker’s stock after selling 269 shares during the quarter. Apple accounts for about 0.8% of Retirement Income Solutions Inc’s holdings, making the stock its 20th biggest position. Retirement Income Solutions Inc’s holdings in Apple were worth $4,318,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Ryan Investment Management Inc. bought a new stake in Apple in the second quarter worth $31,000. ROSS JOHNSON & Associates LLC boosted its holdings in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares in the last quarter. Conquis Financial LLC bought a new stake in Apple during the fourth quarter valued at about $63,000. LSV Asset Management bought a new stake in Apple during the fourth quarter valued at about $65,000. Finally, Elite Financial Inc. bought a new stake in Apple during the first quarter valued at about $58,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AAPL shares. Loop Capital decreased their price target on shares of Apple from $230.00 to $226.00 and set a “hold” rating for the company in a report on Thursday, August 21st. DA Davidson reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Apple in a research report on Thursday, September 11th. Needham & Company LLC reaffirmed a “hold” rating on shares of Apple in a research report on Friday, July 25th. Seaport Res Ptn raised shares of Apple to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Evercore ISI set a $290.00 price objective on shares of Apple and gave the company an “outperform” rating in a research report on Friday, September 26th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $247.49.

Insider Transactions at Apple

In other news, CEO Timothy D. Cook sold 129,963 shares of Apple stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $256.81, for a total transaction of $33,375,798.03. Following the transaction, the chief executive officer directly owned 3,280,295 shares of the company’s stock, valued at $842,412,558.95. This trade represents a 3.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Deirdre O’brien sold 43,013 shares of Apple stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $257.39, for a total transaction of $11,071,116.07. Following the transaction, the senior vice president directly owned 136,687 shares in the company, valued at approximately $35,181,866.93. This represents a 23.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 254,922 shares of company stock valued at $64,320,190 over the last three months. 0.06% of the stock is currently owned by corporate insiders.

Apple Price Performance

Shares of AAPL stock opened at $258.02 on Monday. Apple Inc. has a 52-week low of $169.21 and a 52-week high of $260.10. The stock has a market cap of $3.83 trillion, a PE ratio of 39.15, a PEG ratio of 2.51 and a beta of 1.09. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.83 and a current ratio of 0.87. The firm’s 50 day moving average price is $233.09 and its two-hundred day moving average price is $214.69.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, July 31st. The iPhone maker reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.14. Apple had a net margin of 24.30% and a return on equity of 170.91%. The firm had revenue of $94.04 billion for the quarter, compared to analysts’ expectations of $88.64 billion. During the same period last year, the firm earned $1.40 earnings per share. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. As a group, analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 11th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, August 11th. Apple’s dividend payout ratio (DPR) is currently 15.78%.

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.