RHS Financial LLC Sells 1,401 Shares of Apple Inc. (NASDAQ:AAPL)

RHS Financial LLC cut its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 16.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,155 shares of the iPhone maker’s stock after selling 1,401 shares during the period. Apple makes up 0.9% of RHS Financial LLC’s holdings, making the stock its 28th biggest holding. RHS Financial LLC’s holdings in Apple were worth $1,378,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AAPL. Good Life Advisors LLC boosted its stake in Apple by 1.0% in the fourth quarter. Good Life Advisors LLC now owns 172,109 shares of the iPhone maker’s stock valued at $33,136,000 after acquiring an additional 1,730 shares in the last quarter. WealthCare Investment Partners LLC boosted its stake in Apple by 3.7% in the fourth quarter. WealthCare Investment Partners LLC now owns 11,466 shares of the iPhone maker’s stock valued at $2,128,000 after acquiring an additional 414 shares in the last quarter. Successful Portfolios LLC boosted its stake in Apple by 2.7% in the fourth quarter. Successful Portfolios LLC now owns 23,960 shares of the iPhone maker’s stock valued at $4,613,000 after acquiring an additional 619 shares in the last quarter. MJP Associates Inc. ADV boosted its stake in Apple by 28.8% in the fourth quarter. MJP Associates Inc. ADV now owns 77,320 shares of the iPhone maker’s stock valued at $14,886,000 after acquiring an additional 17,269 shares in the last quarter. Finally, Great Lakes Retirement Inc. boosted its stake in Apple by 4.4% in the fourth quarter. Great Lakes Retirement Inc. now owns 87,404 shares of the iPhone maker’s stock valued at $16,828,000 after acquiring an additional 3,716 shares in the last quarter. 60.41% of the stock is currently owned by institutional investors.

Apple Stock Up 4.3 %

Shares of NASDAQ AAPL opened at $175.04 on Friday. The company’s 50-day simple moving average is $176.88 and its 200-day simple moving average is $182.15. Apple Inc. has a 52-week low of $159.78 and a 52-week high of $199.62. The firm has a market cap of $2.70 trillion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 2.03 and a beta of 1.27. The company has a quick ratio of 1.02, a current ratio of 1.07 and a debt-to-equity ratio of 1.28.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The business had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. During the same quarter last year, the business earned $1.88 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts predict that Apple Inc. will post 6.55 EPS for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were given a $0.24 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.96 annualized dividend and a dividend yield of 0.55%. Apple’s dividend payout ratio (DPR) is 14.95%.

Analyst Upgrades and Downgrades

AAPL has been the subject of several recent analyst reports. Redburn Atlantic downgraded shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price for the company. in a research note on Wednesday, January 10th. Monness Crespi & Hardt raised their price target on shares of Apple from $189.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Robert W. Baird raised their price target on shares of Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Bank of America raised shares of Apple from a “neutral” rating to a “buy” rating and raised their price target for the stock from $208.00 to $225.00 in a report on Thursday, January 18th. Finally, Loop Capital decreased their price target on shares of Apple from $185.00 to $170.00 and set a “hold” rating for the company in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $204.08.

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the transaction, the senior vice president now directly owns 136,572 shares in the company, valued at $23,068,376.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Deirdre O’brien sold 54,732 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the transaction, the senior vice president now directly owns 136,572 shares in the company, valued at $23,068,376.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now owns 4,434,576 shares in the company, valued at $802,392,181.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 253,915 shares of company stock worth $44,202,868. 0.06% of the stock is owned by insiders.

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.