Apple Inc. (NASDAQ:AAPL) Shares Bought by Ironwood Investment Counsel LLC

Ironwood Investment Counsel LLC raised its stake in shares of Apple Inc. (NASDAQ:AAPL – Get Rating) by 2.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 136,609 shares of the iPhone maker’s stock after buying an additional 3,276 shares during the period. Apple comprises about 5.4% of Ironwood Investment Counsel LLC’s investment portfolio, making the stock its 2nd biggest holding. Ironwood Investment Counsel LLC’s holdings in Apple were worth $18,879,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of AAPL. IFM Investors Pty Ltd lifted its stake in shares of Apple by 20.0% in the 1st quarter. IFM Investors Pty Ltd now owns 2,615,701 shares of the iPhone maker’s stock valued at $456,728,000 after purchasing an additional 435,891 shares during the last quarter. Ironwood Wealth Management LLC. lifted its stake in shares of Apple by 0.4% in the 1st quarter. Ironwood Wealth Management LLC. now owns 240,628 shares of the iPhone maker’s stock valued at $42,016,000 after purchasing an additional 1,040 shares during the last quarter. Markel Corp lifted its stake in shares of Apple by 0.7% in the 1st quarter. Markel Corp now owns 1,206,990 shares of the iPhone maker’s stock valued at $210,752,000 after purchasing an additional 8,450 shares during the last quarter. Camden Capital LLC lifted its stake in shares of Apple by 9.2% in the 1st quarter. Camden Capital LLC now owns 156,364 shares of the iPhone maker’s stock valued at $27,305,000 after purchasing an additional 13,200 shares during the last quarter. Finally, Harbor Island Capital LLC lifted its stake in shares of Apple by 0.3% in the 1st quarter. Harbor Island Capital LLC now owns 135,325 shares of the iPhone maker’s stock valued at $23,629,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 57.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group reduced their price objective on shares of Apple from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, January 18th. Piper Sandler reissued an “overweight” rating and set a $195.00 target price on shares of Apple in a research report on Friday, February 3rd. Wedbush boosted their target price on shares of Apple from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. Rosenblatt Securities boosted their target price on shares of Apple from $165.00 to $173.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Finally, The Goldman Sachs Group started coverage on shares of Apple in a research report on Sunday. They set a “buy” rating and a $199.00 target price for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $167.94.

Apple Price Performance

NASDAQ:AAPL opened at $151.60 on Wednesday. The firm has a market cap of $2.40 trillion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 2.00 and a beta of 1.30. Apple Inc. has a 12 month low of $124.17 and a 12 month high of $179.61. The company has a quick ratio of 0.89, a current ratio of 0.94 and a debt-to-equity ratio of 1.76. The company’s 50-day moving average price is $142.69 and its two-hundred day moving average price is $145.90.

Apple (NASDAQ:AAPL – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The iPhone maker reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.05). The firm had revenue of $117.15 billion during the quarter, compared to analyst estimates of $121.67 billion. Apple had a net margin of 24.56% and a return on equity of 163.45%. Apple’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.10 earnings per share. On average, equities analysts anticipate that Apple Inc. will post 6.04 EPS for the current fiscal year.

Apple Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 16th. Shareholders of record on Monday, February 13th were given a $0.23 dividend. The ex-dividend date was Friday, February 10th. This is a positive change from Apple’s previous quarterly dividend of $0.17. This represents a $0.92 dividend on an annualized basis and a yield of 0.61%. Apple’s payout ratio is 15.62%.

Apple Company Profile

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Apple, Inc engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other varieties of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America.