Retirement Solution LLC Sells 20,679 Shares of Apple Inc. (NASDAQ:AAPL)

Retirement Solution LLC trimmed its position in shares of Apple Inc. (NASDAQ:AAPL - Free Report) by 63.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,166 shares of the iPhone maker's stock after selling 20,679 shares during the period. Apple accounts for approximately 0.8% of Retirement Solution LLC's portfolio, making the stock its 15th largest holding. Retirement Solution LLC's holdings in Apple were worth $3,047,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Amara Financial LLC. bought a new stake in Apple during the 3rd quarter worth approximately $288,000. Simmons Bank grew its position in shares of Apple by 1.6% during the 3rd quarter. Simmons Bank now owns 132,641 shares of the iPhone maker's stock valued at $30,905,000 after purchasing an additional 2,086 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new position in shares of Apple in the third quarter worth $4,972,000. SYM FINANCIAL Corp raised its position in shares of Apple by 6.3% in the third quarter. SYM FINANCIAL Corp now owns 28,626 shares of the iPhone maker's stock worth $6,670,000 after buying an additional 1,695 shares in the last quarter. Finally, Cardano Risk Management B.V. boosted its stake in Apple by 2.9% during the third quarter. Cardano Risk Management B.V. now owns 3,723,104 shares of the iPhone maker's stock valued at $876,483,000 after buying an additional 103,856 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AAPL shares. JPMorgan Chase & Co. decreased their target price on Apple from $270.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Morgan Stanley restated an "overweight" rating on shares of Apple in a research report on Monday, May 12th. Tigress Financial boosted their price target on shares of Apple from $295.00 to $300.00 and gave the stock a "strong-buy" rating in a research note on Thursday, April 3rd. DA Davidson increased their price target on shares of Apple from $230.00 to $250.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, Loop Capital dropped their price objective on shares of Apple from $230.00 to $215.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. Four 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, Apple currently has a consensus rating of "Moderate Buy" and an average price target of $235.80.

Apple Trading Down 0.9%

AAPL stock traded down $1.92 on Tuesday, reaching $206.86. The company's stock had a trading volume of 42,411,396 shares, compared to its average volume of 55,903,925. The firm has a market cap of $3.09 trillion, a PE ratio of 32.83, a PEG ratio of 2.44 and a beta of 1.27. The business has a fifty day simple moving average of $205.93 and a two-hundred day simple moving average of $226.57. Apple Inc. has a 12-month low of $169.21 and a 12-month high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 EPS 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 analysts' expectations of $94.04 billion. Apple had a net margin of 24.30% and a return on equity of 160.83%. The company's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period last year, the company posted $1.53 EPS. As a group, research analysts forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 12th were issued a $0.26 dividend. The ex-dividend date of this dividend was Monday, May 12th. This is a positive change from Apple's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 0.50%. Apple's dividend payout ratio (DPR) is 16.20%.

Apple announced that its board has approved a stock repurchase program on Thursday, May 1st that allows the company to buyback $100.00 billion in outstanding shares. This buyback authorization allows the iPhone maker to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at Apple

In related news, CEO Timothy D. Cook sold 108,136 shares of Apple stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kevan Parekh sold 4,570 shares of the company's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total value of $941,420.00. Following the completion of the sale, the chief financial officer now directly owns 4,569 shares in the company, valued at approximately $941,214. The trade was a 50.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 191,507 shares of company stock valued at $42,694,080. 0.06% of the stock is currently owned by corporate insiders.

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.