Retirement Guys Formula LLC Has $5.09 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Retirement Guys Formula LLC lessened its position in Apple Inc. (NASDAQ:AAPLFree Report) by 5.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 21,830 shares of the iPhone maker’s stock after selling 1,186 shares during the period. Apple makes up about 2.4% of Retirement Guys Formula LLC’s holdings, making the stock its 7th largest position. Retirement Guys Formula LLC’s holdings in Apple were worth $5,086,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AAPL. Swedbank AB purchased a new stake in shares of Apple during the 1st quarter valued at $3,026,492,000. Strategic Financial Concepts LLC grew its position in Apple by 14,145.8% during the second quarter. Strategic Financial Concepts LLC now owns 7,612,261 shares of the iPhone maker’s stock valued at $1,603,000 after buying an additional 7,558,826 shares during the period. William Blair Investment Management LLC purchased a new position in shares of Apple in the second quarter worth about $834,368,000. Ameriprise Financial Inc. raised its position in shares of Apple by 6.7% in the second quarter. Ameriprise Financial Inc. now owns 51,765,589 shares of the iPhone maker’s stock valued at $10,909,457,000 after purchasing an additional 3,245,281 shares during the period. Finally, Tairen Capital Ltd purchased a new stake in shares of Apple during the 2nd quarter valued at approximately $588,952,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Up 1.2 %

Shares of NASDAQ:AAPL opened at $251.04 on Tuesday. The company has a market capitalization of $3.79 trillion, a PE ratio of 41.29, a PEG ratio of 2.41 and a beta of 1.23. Apple Inc. has a 52 week low of $164.07 and a 52 week high of $251.38. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.83 and a current ratio of 0.87. The company has a 50 day moving average price of $233.09 and a two-hundred day moving average price of $224.30.

Apple (NASDAQ:AAPLGet Free Report) last announced its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business had revenue of $94.93 billion during the quarter, compared to analysts’ expectations of $94.52 billion. During the same quarter in the prior year, the company posted $1.46 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. Analysts forecast that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend was Friday, November 8th. Apple’s payout ratio is currently 16.45%.

Insiders Place Their Bets

In other news, SVP Katherine L. Adams sold 61,019 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $226.20, for a total transaction of $13,802,497.80. Following the transaction, the senior vice president now directly owns 187,043 shares of the company’s stock, valued at approximately $42,309,126.60. This trade represents a 24.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the sale, the insider now owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 408,170 shares of company stock valued at $92,007,745 over the last 90 days. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

AAPL has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $260.00 price target on shares of Apple in a report on Tuesday, December 10th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $265.00 price target on shares of Apple in a research note on Tuesday, September 10th. UBS Group reissued a “neutral” rating and issued a $236.00 price target on shares of Apple in a report on Monday, December 2nd. Evercore ISI restated a “buy” rating and issued a $250.00 price objective on shares of Apple in a report on Thursday, September 26th. Finally, KeyCorp lowered Apple from a “sector weight” rating to an “underweight” rating and set a $200.00 target price for the company. in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $236.78.

View Our Latest Analysis on Apple

Apple Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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