Apple Inc. (NASDAQ:AAPL) is IVC Wealth Advisors LLC’s 2nd Largest Position

IVC Wealth Advisors LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,709 shares of the iPhone maker’s stock after selling 1,811 shares during the period. Apple comprises 8.6% of IVC Wealth Advisors LLC’s portfolio, making the stock its 2nd largest holding. IVC Wealth Advisors LLC’s holdings in Apple were worth $15,453,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bull Oak Capital LLC boosted its position in shares of Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after buying an additional 111 shares in the last quarter. Hershey Financial Advisers LLC acquired a new position in Apple during the second quarter worth about $42,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of Apple in the third quarter valued at about $71,000. Christopher J. Hasenberg Inc lifted its holdings in shares of Apple by 88.9% in the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after purchasing an additional 144 shares in the last quarter. Finally, Teachers Insurance & Annuity Association of America acquired a new stake in shares of Apple in the third quarter valued at approximately $77,000. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Apple Price Performance

AAPL stock opened at $213.49 on Friday. The firm has a market cap of $3.21 trillion, a P/E ratio of 33.89, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. 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 Inc. has a 1 year low of $164.08 and a 1 year high of $260.10. The stock has a 50-day simple moving average of $234.52 and a 200-day simple moving average of $233.73.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts predict that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.47%. Apple’s dividend payout ratio is currently 15.87%.

Insiders Place Their Bets

In other 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 sale, the chief operating officer now directly owns 389,944 shares of the company’s stock, valued at approximately $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. UBS Group lifted their price objective on Apple to $236.00 and gave the stock a “hold” rating in a research report on Tuesday, February 25th. Wedbush reissued an “outperform” rating and issued a $325.00 price target on shares of Apple in a report on Friday. DA Davidson set a $290.00 price objective on Apple in a research note on Friday, January 31st. Rosenblatt Securities reissued a “buy” rating and issued a $262.00 target price on shares of Apple in a research note on Monday, January 27th. Finally, Redburn Partners set a $230.00 target price on shares of Apple in a report on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Apple presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.22.

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.