Apple Inc. (NASDAQ:AAPL) Shares Sold by RHS Financial LLC

RHS Financial LLC trimmed its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 18.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 9,779 shares of the iPhone maker’s stock after selling 2,216 shares during the period. Apple comprises 1.3% of RHS Financial LLC’s holdings, making the stock its 24th largest holding. RHS Financial LLC’s holdings in Apple were worth $2,449,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in AAPL. Drystone LLC acquired a new stake in Apple during the 4th quarter worth about $25,000. Bull Oak Capital LLC raised its stake in shares of Apple by 252.3% in the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares during the last quarter. Christopher J. Hasenberg Inc lifted its holdings in shares of Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares during the period. SPX Gestao de Recursos Ltda purchased a new stake in Apple in the third quarter valued at approximately $71,000. Finally, Teachers Insurance & Annuity Association of America acquired a new position in Apple in the 3rd quarter worth approximately $77,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Price Performance

Shares of AAPL stock opened at $217.90 on Friday. The firm’s 50-day moving average is $230.70 and its two-hundred day moving average is $233.26. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The company has a market capitalization of $3.27 trillion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a yield of 0.46%. Apple’s dividend payout ratio (DPR) is currently 15.87%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Citigroup lifted their price objective on shares of Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Moffett Nathanson reaffirmed a “sell” rating and issued a $188.00 price target (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. Barclays lifted their price objective on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. DA Davidson set a $290.00 target price on Apple in a research note on Friday, January 31st. Finally, TD Cowen reiterated a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Apple currently has a consensus rating of “Moderate Buy” and an average price target of $245.52.

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.