Ironvine Capital Partners LLC lessened its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,474 shares of the iPhone maker’s stock after selling 4,264 shares during the period. Apple makes up 4.4% of Ironvine Capital Partners LLC’s holdings, making the stock its 5th biggest position. Ironvine Capital Partners LLC’s holdings in Apple were worth $21,778,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Wechter Feldman Wealth Management Inc. raised its stake in shares of Apple by 29.1% in the 2nd quarter. Wechter Feldman Wealth Management Inc. now owns 2,918 shares of the iPhone maker’s stock valued at $540,000 after acquiring an additional 657 shares during the period. Newman Dignan & Sheerar Inc. raised its stake in shares of Apple by 5.2% in the 3rd quarter. Newman Dignan & Sheerar Inc. now owns 23,123 shares of the iPhone maker’s stock valued at $5,186,000 after acquiring an additional 1,142 shares during the period. Parallel Advisors LLC raised its stake in shares of Apple by 3.6% in the 2nd quarter. Parallel Advisors LLC now owns 96,213 shares of the iPhone maker’s stock valued at $17,810,000 after acquiring an additional 3,336 shares during the period. United Capital Management of KS Inc. purchased a new stake in shares of Apple in the 3rd quarter valued at approximately $3,860,000. Finally, Ropes Wealth Advisors LLC raised its stake in shares of Apple by 2.9% in the 2nd quarter. Ropes Wealth Advisors LLC now owns 71,003 shares of the iPhone maker’s stock valued at $13,143,000 after acquiring an additional 2,010 shares during the period. 56.40% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:AAPL traded up $2.39 during trading hours on Friday, reaching $186.12. 39,024,112 shares of the company’s stock were exchanged, compared to its average volume of 31,400,254. The stock has a market cap of $889.20 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.85 and a beta of 1.13. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.30 and a quick ratio of 1.25. Apple Inc. has a 1-year low of $142.00 and a 1-year high of $233.47.

Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Tuesday, January 29th. The iPhone maker reported $4.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.17 by $0.01. The firm had revenue of $84.31 billion during the quarter, compared to analysts’ expectations of $84.07 billion. Apple had a net margin of 22.72% and a return on equity of 50.92%. Sell-side analysts expect that Apple Inc. will post 11.38 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 14th. Shareholders of record on Monday, February 11th were given a dividend of $0.73 per share. The ex-dividend date of this dividend was Friday, February 8th. This represents a $2.92 dividend on an annualized basis and a yield of 1.57%. Apple’s payout ratio is currently 24.52%.

A number of equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Apple from a “hold” rating to a “buy” rating in a research note on Friday. Wedbush reaffirmed an “outperform” rating on shares of Apple in a research note on Tuesday. BTIG Research cut their target price on shares of Apple from $197.00 to $189.00 and set a “buy” rating on the stock in a research note on Wednesday, January 30th. Maxim Group cut their target price on shares of Apple from $212.00 to $160.00 and set a “hold” rating on the stock in a research note on Thursday, January 3rd. They noted that the move was a valuation call. Finally, Nomura cut their target price on shares of Apple from $175.00 to $170.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. Apple has an average rating of “Hold” and a consensus price target of $193.19.

In other Apple news, Director Arthur D. Levinson sold 1,521 shares of the company’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $167.71, for a total transaction of $255,086.91. Following the completion of the transaction, the director now owns 1,134,804 shares in the company, valued at approximately $190,317,978.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.05% of the stock is currently owned by corporate insiders.

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Apple Company Profile

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

Further Reading: The Discount Rate – What You Need to Know

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)


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