Winthrop Advisory Group LLC Has $38.71 Million Stake in Apple Inc. (NASDAQ:AAPL)

Winthrop Advisory Group LLC decreased its holdings in Apple Inc. (NASDAQ:AAPL) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 154,588 shares of the iPhone maker’s stock after selling 3,101 shares during the period. Apple comprises approximately 4.2% of Winthrop Advisory Group LLC’s investment portfolio, making the stock its 8th biggest holding. Winthrop Advisory Group LLC’s holdings in Apple were worth $38,712,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Threadgill Financial LLC grew its holdings in shares of Apple by 2.1% during the 4th quarter. Threadgill Financial LLC now owns 11,429 shares of the iPhone maker’s stock worth $2,862,000 after purchasing an additional 231 shares in the last quarter. EWG Elevate Inc. lifted its position in Apple by 2.9% during the fourth quarter. EWG Elevate Inc. now owns 13,983 shares of the iPhone maker’s stock worth $3,502,000 after purchasing an additional 395 shares during the period. City Center Advisors LLC grew its stake in Apple by 3.3% during the fourth quarter. City Center Advisors LLC now owns 3,425 shares of the iPhone maker’s stock worth $858,000 after buying an additional 110 shares in the last quarter. Clark & Stuart Inc bought a new position in Apple in the 4th quarter valued at about $2,184,000. Finally, Matrix Trust Co raised its position in shares of Apple by 3.2% in the 4th quarter. Matrix Trust Co now owns 12,573 shares of the iPhone maker’s stock valued at $3,149,000 after buying an additional 389 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AAPL has been the subject of several research reports. Bank of America increased their target price on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, January 31st. UBS Group reissued a “neutral” rating and set a $236.00 target price on shares of Apple in a report on Monday, December 2nd. StockNews.com downgraded shares of Apple from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Moffett Nathanson reissued a “sell” rating and issued a $188.00 price objective (down previously from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Finally, Oppenheimer downgraded Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and an average target price of $242.52.

Insider Buying and Selling at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of Apple stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $249.97, for a total transaction of $24,997,000.00. Following the completion of the sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.06% of the company’s stock.

Apple Trading Up 0.4 %

NASDAQ AAPL opened at $245.83 on Friday. Apple Inc. has a one year low of $164.07 and a one year high of $260.10. The firm has a 50 day simple moving average of $240.52 and a 200-day simple moving average of $232.29. The firm has a market cap of $3.69 trillion, a price-to-earnings ratio of 39.02, a PEG ratio of 2.43 and a beta of 1.20. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. Equities research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.41%. The ex-dividend date was Monday, February 10th. Apple’s dividend payout ratio (DPR) is presently 15.87%.

Apple Company 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.