Apple Inc. $AAPL Shares Sold by RHS Financial LLC

RHS Financial LLC lessened its stake in shares of Apple Inc. (NASDAQ:AAPL) by 3.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,842 shares of the iPhone maker’s stock after selling 333 shares during the period. Apple accounts for approximately 1.0% of RHS Financial LLC’s portfolio, making the stock its 28th biggest position. RHS Financial LLC’s holdings in Apple were worth $1,814,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Ryan Investment Management Inc. acquired a new position in Apple in the second quarter valued at approximately $31,000. ROSS JOHNSON & Associates LLC lifted its stake in shares of Apple by 1,800.0% in the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after purchasing an additional 180 shares during the last quarter. Elite Financial Inc. purchased a new position in shares of Apple during the 1st quarter worth $58,000. LSV Asset Management purchased a new position in shares of Apple during the 4th quarter worth $65,000. Finally, HFM Investment Advisors LLC acquired a new stake in shares of Apple during the 1st quarter worth about $99,000. Hedge funds and other institutional investors own 67.73% of the company’s stock.

Insider Activity

In other news, CFO Kevan Parekh sold 4,199 shares of Apple stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $247.39, for a total transaction of $1,038,790.61. Following the completion of the sale, the chief financial officer directly owned 8,765 shares of the company’s stock, valued at approximately $2,168,373.35. The trade was a 32.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Deirdre O’brien sold 43,013 shares of the business’s 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 owned 136,687 shares of the company’s stock, valued at approximately $35,181,866.93. The trade was a 23.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 224,300 shares of company stock valued at $57,586,933 over the last quarter. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AAPL shares. Loop Capital raised shares of Apple from a “hold” rating to a “buy” rating and upped their target price for the company from $226.00 to $315.00 in a research report on Monday, October 20th. CLSA upgraded shares of Apple to a “strong-buy” rating in a report on Sunday, October 5th. Jefferies Financial Group raised shares of Apple from an “underperform” rating to a “hold” rating and increased their price objective for the stock from $203.07 to $246.99 in a research report on Friday, October 31st. Needham & Company LLC reissued a “hold” rating on shares of Apple in a research report on Friday, July 25th. Finally, UBS Group raised their price target on Apple from $220.00 to $280.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $278.22.

Apple Trading Down 0.5%

NASDAQ:AAPL opened at $268.47 on Monday. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $277.32. The firm has a market cap of $3.97 trillion, a PE ratio of 40.74, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.25. The stock has a fifty day moving average price of $252.25 and a 200 day moving average price of $224.85.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, October 30th. The iPhone maker reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.11. The company had revenue of $102.47 billion for the quarter, compared to analyst estimates of $101.65 billion. Apple had a return on equity of 170.91% and a net margin of 24.30%.Apple’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.64 EPS. Sell-side analysts anticipate that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Monday, November 10th will be given a $0.26 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Apple’s dividend payout ratio is currently 13.92%.

About Apple

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.