Retirement Solution LLC lessened its holdings in Apple Inc. (NASDAQ:AAPL – Free Report) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,378 shares of the iPhone maker’s stock after selling 213 shares during the period. Apple comprises 0.7% of Retirement Solution LLC’s investment portfolio, making the stock its 15th biggest holding. Retirement Solution LLC’s holdings in Apple were worth $2,607,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of AAPL. Yeomans Consulting Group Inc. purchased a new stake in shares of Apple during the 4th quarter worth approximately $1,713,000. Raleigh Capital Management Inc. lifted its holdings in Apple by 11.8% during the 4th quarter. Raleigh Capital Management Inc. now owns 15,511 shares of the iPhone maker’s stock worth $2,986,000 after purchasing an additional 1,643 shares in the last quarter. GLOBALT Investments LLC GA purchased a new position in Apple during the 4th quarter valued at about $38,406,000. Barden Capital Management Inc. increased its position in shares of Apple by 132.8% during the fourth quarter. Barden Capital Management Inc. now owns 32,636 shares of the iPhone maker’s stock valued at $6,283,000 after buying an additional 18,615 shares during the period. Finally, Sunpointe LLC bought a new position in shares of Apple in the fourth quarter valued at approximately $4,782,000. Hedge funds and other institutional investors own 60.41% of the company’s stock.
Insider Transactions at Apple
In other Apple news, insider Chris Kondo sold 5,178 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total value of $1,121,037.00. Following the completion of the sale, the insider now owns 24,125 shares in the company, valued at approximately $5,223,062.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, SVP Katherine L. Adams sold 100,000 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $206.44, for a total value of $20,644,000.00. Following the completion of the transaction, the senior vice president now directly owns 191,543 shares in the company, valued at $39,542,136.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Chris Kondo sold 5,178 shares of Apple stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $216.50, for a total transaction of $1,121,037.00. Following the sale, the insider now owns 24,125 shares of the company’s stock, valued at $5,223,062.50. The disclosure for this sale can be found here. Insiders have sold 113,884 shares of company stock valued at $23,723,887 over the last ninety days. Insiders own 0.06% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on Apple
Apple Trading Up 0.1 %
Apple stock opened at $227.79 on Monday. The firm has a market cap of $3.49 trillion, a PE ratio of 35.43, a P/E/G ratio of 2.66 and a beta of 1.24. Apple Inc. has a 12 month low of $164.07 and a 12 month high of $237.23. The stock’s 50 day simple moving average is $222.19 and its two-hundred day simple moving average is $202.38. The company has a current ratio of 0.95, a quick ratio of 0.91 and a debt-to-equity ratio of 1.29.
Apple (NASDAQ:AAPL – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The iPhone maker reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.06. The company had revenue of $85.78 billion during the quarter, compared to analysts’ expectations of $84.43 billion. Apple had a return on equity of 147.15% and a net margin of 26.44%. Apple’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 EPS. Analysts anticipate that Apple Inc. will post 6.7 earnings per share for the current year.
Apple Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, August 12th were given a $0.25 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Apple’s dividend payout ratio (DPR) is presently 15.55%.
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.
Featured Articles
- Five stocks we like better than Apple
- Stock Market Sectors: What Are They and How Many Are There?
- Simon Property REIT: A Safe Bet for Growth and Steady Dividends
- Investing in Commodities: What Are They? How to Invest in Them
- CarMax’s Impressive Rally: What Investors Should Watch Next
- Following Congress Stock Trades
- MarketBeat Week in Review – 9/23 – 9/27
Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPL – Free Report).
Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.