IronOak Wealth LLC. Invests $2.36 Million in Apple Inc. (NASDAQ:AAPL)

IronOak Wealth LLC. purchased a new position in Apple Inc. (NASDAQ:AAPL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,441 shares of the iPhone maker's stock, valued at approximately $2,364,000. Apple comprises 2.6% of IronOak Wealth LLC.'s investment portfolio, making the stock its 12th largest position.

Several other large investors also recently bought and sold shares of the business. Arcadia Wealth Management Inc. bought a new position in Apple during the fourth quarter valued at $1,804,000. Wood Tarver Financial Group LLC bought a new position in Apple during the fourth quarter valued at $3,210,000. Kilter Group LLC bought a new position in Apple during the fourth quarter valued at $1,644,000. TFR Capital LLC. bought a new position in Apple during the fourth quarter valued at $10,553,000. Finally, AG Asset Advisory LLC bought a new position in Apple during the fourth quarter valued at $1,067,000. Institutional investors own 67.73% of the company's stock.

Insider Buying and Selling at Apple

In other news, SVP Katherine L. Adams sold 38,822 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $223.67, for a total transaction of $8,683,316.74. Following the completion of the sale, the senior vice president now owns 179,158 shares of the company's stock, valued at $40,072,269.86. This represents a 17.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Timothy D. Cook sold 108,136 shares of the company's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $223.65, for a total transaction of $24,184,616.40. Following the sale, the chief executive officer now directly owns 3,280,295 shares of the company's stock, valued at $733,637,976.75. The trade was a 3.19% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 191,507 shares of company stock worth $42,694,080. Corporate insiders own 0.06% of the company's stock.

Apple Price Performance

Shares of NASDAQ:AAPL traded up $4.42 during midday trading on Friday, reaching $201.00. 95,792,149 shares of the company's stock traded hands, compared to its average volume of 53,610,148. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10. The company has a market cap of $3.00 trillion, a P/E ratio of 31.31, a PEG ratio of 2.24 and a beta of 1.22. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.78 and a current ratio of 0.82. The company has a fifty day simple moving average of $202.35 and a two-hundred day simple moving average of $221.41.

Apple (NASDAQ:AAPL - Get Free Report) last announced its earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.03. Apple had a return on equity of 167.24% and a net margin of 24.30%. The firm had revenue of $95.36 billion for the quarter, compared to analyst estimates of $94.04 billion. During the same quarter last year, the firm posted $1.53 EPS. The business's revenue was up 5.1% on a year-over-year basis. Equities analysts predict that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple declared that its board has approved a stock repurchase program on Thursday, May 1st that authorizes the company to buyback $100.00 billion in outstanding shares. This buyback authorization authorizes the iPhone maker to buy up to 3.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Apple Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 12th were issued a $0.26 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.04 dividend on an annualized basis and a yield of 0.52%. This is a positive change from Apple's previous quarterly dividend of $0.25. Apple's dividend payout ratio (DPR) is presently 16.20%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AAPL shares. UBS Group reissued a "buy" rating on shares of Apple in a research note on Sunday, June 1st. Raymond James Financial lowered their target price on shares of Apple from $250.00 to $230.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. DA Davidson boosted their target price on shares of Apple from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Rosenblatt Securities lowered shares of Apple from a "buy" rating to a "neutral" rating and set a $217.00 price objective for the company. in a research note on Friday, May 2nd. Finally, Citigroup reaffirmed a "buy" rating on shares of Apple in a research note on Tuesday, June 10th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $234.86.

About Apple

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.