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Royal Fund Management LLC Sells 7,270 Shares of Apple Inc. $AAPL
Royal Fund Management LLC reduced its stake in Apple Inc. by 18.3%, selling 7,270 shares and retaining 32,502 shares valued at $8.28 million, making Apple its 26th largest position. Apple recently exceeded quarterly earnings estimates with $2.84 EPS and $143.76 billion in revenue, also announcing a $0.26 quarterly dividend despite a 2.3% share price drop on the day. Investor sentiment for Apple is mixed, with a favorable legal ruling and analyst price target increases balanced by concerns over Siri AI delays, FTC scrutiny, and some institutional trimming.