Apple Inc. (NASDAQ:AAPL) Holdings Lessened by Ironwood Wealth Management LLC.

Ironwood Wealth Management LLC. lowered its stake in Apple Inc. (NASDAQ:AAPL - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 172,385 shares of the iPhone maker's stock after selling 2,020 shares during the quarter. Apple makes up about 13.4% of Ironwood Wealth Management LLC.'s holdings, making the stock its 2nd biggest position. Ironwood Wealth Management LLC.'s holdings in Apple were worth $43,169,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Donor Advised Charitable Giving Inc. boosted its stake in shares of Apple by 0.9% during the 4th quarter. Donor Advised Charitable Giving Inc. now owns 8,173 shares of the iPhone maker's stock worth $2,047,000 after acquiring an additional 73 shares in the last quarter. Diversify Wealth Management LLC grew its holdings in Apple by 57.9% during the fourth quarter. Diversify Wealth Management LLC now owns 100,959 shares of the iPhone maker's stock valued at $23,912,000 after purchasing an additional 37,036 shares during the last quarter. Smart Money Group LLC increased its stake in shares of Apple by 8.8% in the fourth quarter. Smart Money Group LLC now owns 7,291 shares of the iPhone maker's stock worth $1,826,000 after purchasing an additional 592 shares during the period. Ellsworth Advisors LLC increased its position in Apple by 2.7% in the 4th quarter. Ellsworth Advisors LLC now owns 35,163 shares of the iPhone maker's stock worth $8,806,000 after buying an additional 911 shares during the period. Finally, RoundAngle Advisors LLC acquired a new stake in Apple in the 4th quarter worth $5,365,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Apple Stock Down 3.1 %

Apple stock traded down $6.46 on Monday, hitting $198.89. 67,364,869 shares of the stock traded hands, compared to its average volume of 56,243,494. The business's fifty day simple moving average is $212.15 and its 200 day simple moving average is $228.58. The firm has a market cap of $2.99 trillion, a P/E ratio of 31.57, a price-to-earnings-growth ratio of 2.44 and a beta of 1.26. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26. Apple Inc. has a 1 year low of $169.21 and a 1 year high of $260.10.

Apple (NASDAQ:AAPL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The iPhone maker reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.03. The firm had revenue of $95.36 billion for the quarter, compared to analysts' expectations of $94.04 billion. Apple had a return on equity of 160.83% and a net margin of 24.30%. The company's revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.53 EPS. As a group, sell-side analysts forecast that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 12th will be paid a dividend of $0.26 per share. This is a boost from Apple's previous quarterly dividend of $0.25. The ex-dividend date is Monday, May 12th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.52%. Apple's dividend payout ratio is currently 15.87%.

Apple declared that its board has initiated a stock buyback program on Thursday, May 1st that permits the company to buyback $100.00 billion in outstanding shares. This buyback authorization permits the iPhone maker to reacquire up to 3.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Raymond James lowered their target price on shares of Apple from $250.00 to $230.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Loop Capital lowered their target price on shares of Apple from $230.00 to $215.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Redburn Partners set a $230.00 price target on Apple in a research note on Friday, January 31st. Barclays dropped their target price on shares of Apple from $197.00 to $173.00 and set an "underweight" rating for the company in a report on Wednesday, April 30th. Finally, Wedbush lowered shares of Apple from an "outperform" rating to a "neutral" rating in a report on Friday. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $235.80.

Insider Transactions at Apple

In related news, COO Jeffrey E. Williams sold 35,493 shares of Apple stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $224.01, for a total value of $7,950,786.93. Following the sale, the chief operating officer now directly owns 390,059 shares in the company, valued at approximately $87,377,116.59. The trade was a 8.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kevan Parekh sold 4,570 shares of the company's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $206.00, for a total transaction of $941,420.00. Following the sale, the chief financial officer now directly owns 4,569 shares of the company's stock, valued at $941,214. The trade was a 50.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 187,021 shares of company stock worth $41,760,140. 0.06% of the stock is currently owned by insiders.

Apple 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.