RTD Financial Advisors Inc. Sells 2,060 Shares of Apple Inc. $AAPL

Key Points

• RTD Financial Advisors Inc. reduced its Apple stake by 21.8% in the fourth quarter, selling 2,060 shares and leaving it with 7,407 shares valued at about $2.0 million.
• Apple reported strong quarterly results, with EPS of $2.01 and revenue of $111.18 billion, both above analyst expectations, while revenue rose 16.6% year over year.
• The company also raised its quarterly dividend to $0.27 per share from $0.26 and continues to receive broadly positive analyst sentiment, with a consensus rating of “Moderate Buy.”

RTD Financial Advisors Inc. lowered its position in Apple Inc. (NASDAQ:AAPL - Free Report) by 21.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,407 shares of the iPhone maker's stock after selling 2,060 shares during the quarter. RTD Financial Advisors Inc.'s holdings in Apple were worth $2,014,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in AAPL. Reyes Financial Architecture Inc. increased its stake in Apple by 0.4% in the third quarter. Reyes Financial Architecture Inc. now owns 9,898 shares of the iPhone maker's stock valued at $2,520,000 after acquiring an additional 37 shares during the last quarter. WESPAC Advisors LLC increased its stake in Apple by 0.3% in the fourth quarter. WESPAC Advisors LLC now owns 12,326 shares of the iPhone maker's stock valued at $3,351,000 after acquiring an additional 39 shares during the last quarter. American Alpha Advisors LLC increased its stake in Apple by 3.7% in the third quarter. American Alpha Advisors LLC now owns 1,151 shares of the iPhone maker's stock valued at $293,000 after acquiring an additional 41 shares during the last quarter. Seven Springs Wealth Group LLC increased its stake in Apple by 0.3% in the third quarter. Seven Springs Wealth Group LLC now owns 15,451 shares of the iPhone maker's stock valued at $3,934,000 after acquiring an additional 42 shares during the last quarter. Finally, Avant Capital LLC increased its stake in Apple by 0.9% in the third quarter. Avant Capital LLC now owns 4,814 shares of the iPhone maker's stock valued at $1,226,000 after acquiring an additional 43 shares during the last quarter. Institutional investors own 67.73% of the company's stock.

More Apple News

Here are the key news stories impacting Apple this week:

• Positive Sentiment: Apple’s post-earnings rally continues after the company posted record quarterly revenue and EPS, boosted its dividend, and authorized a fresh $100 billion buyback. Analysts say the results support further upside and have raised price targets. Apple Stock Hits All-Time High as Post-Earnings Rally Continues
• Positive Sentiment: Evercore ISI lifted its price target on Apple to $365 and said a bull-case scenario could reach $500, citing compounding growth from Services and Apple’s ability to keep expanding free cash flow. Evercore ISI Hikes Apple Price Target to $365
• Positive Sentiment: Investor sentiment is being helped by reports that iPhone demand remains strong globally, plus Soros Fund Management reportedly boosted its Apple position during the quarter. George Soros’s fund buys Berkshire Hathaway stock — now that Buffett is gone
• Positive Sentiment: Apple reportedly cut iPhone 17 prices in China ahead of the 618 shopping festival, which could help support unit sales in a key market. Apple Cuts iPhone 17 Prices in China
• Neutral Sentiment: OpenAI is considering legal action over its strained ChatGPT partnership with Apple, which adds uncertainty around Apple’s AI strategy and could weigh on sentiment if the dispute escalates. OpenAI explores legal options against Apple
• Neutral Sentiment: Reports that Anthropic’s Mythos AI found vulnerabilities in Apple’s macOS/iOS are a reminder of ongoing security scrutiny, but the news is more reputational than fundamentally financial for now. Anthropic's Mythos Helped Find Bugs in Apple's Desktop Operating System

Apple Stock Performance

Apple stock opened at $300.23 on Monday. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.70. The firm has a 50-day moving average of $265.37 and a 200-day moving average of $267.47. The firm has a market cap of $4.41 trillion, a P/E ratio of 36.30, a P/E/G ratio of 2.61 and a beta of 1.06. Apple Inc. has a 1-year low of $193.46 and a 1-year high of $303.20.

Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, April 30th. The iPhone maker reported $2.01 earnings per share for the quarter, topping analysts' consensus estimates of $1.95 by $0.06. The company had revenue of $111.18 billion during the quarter, compared to analyst estimates of $109.46 billion. Apple had a net margin of 27.15% and a return on equity of 146.69%. Apple's revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.65 earnings per share. Sell-side analysts expect that Apple Inc. will post 8.74 EPS for the current year.

Apple Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Monday, May 11th were issued a dividend of $0.27 per share. This is an increase from Apple's previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, May 11th. Apple's dividend payout ratio (DPR) is currently 13.06%.

Wall Street Analyst Weigh In

A number of research firms recently commented on AAPL. Barclays reissued an "underweight" rating and issued a $253.00 target price (up from $248.00) on shares of Apple in a research note on Friday, May 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Apple in a research note on Monday, March 2nd. Bank of America increased their target price on Apple from $320.00 to $325.00 and gave the company a "buy" rating in a research note on Tuesday, April 14th. UBS Group set a $296.00 target price on Apple and gave the company a "neutral" rating in a research note on Friday, May 1st. Finally, Jefferies Financial Group set a $330.00 target price on Apple in a research note on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Apple has a consensus rating of "Moderate Buy" and a consensus price target of $308.74.

Insider Activity

In other news, CFO Kevan Parekh sold 1,534 shares of the stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $275.00, for a total transaction of $421,850.00. Following the completion of the sale, the chief financial officer directly owned 13,366 shares in the company, valued at approximately $3,675,650. This represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Timothy D. Cook sold 64,949 shares of the stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $254.23, for a total transaction of $16,511,984.27. Following the sale, the chief executive officer owned 3,280,418 shares of the company's stock, valued at approximately $833,980,668.14. This represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 97,759 shares of company stock valued at $24,964,305. Company insiders own 0.06% of the company's stock.

Apple Company Profile

Apple Inc NASDAQ: AAPL is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple's principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

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