Apple Inc. (AAPL) is Ironwood Investment Counsel LLC’s 10th Largest Position

Ironwood Investment Counsel LLC trimmed its holdings in Apple Inc. (NASDAQ:AAPL) by 9.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,305 shares of the iPhone maker’s stock after selling 4,170 shares during the quarter. Apple comprises approximately 2.4% of Ironwood Investment Counsel LLC’s portfolio, making the stock its 10th biggest position. Ironwood Investment Counsel LLC’s holdings in Apple were worth $5,904,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Stone House Investment Management LLC boosted its holdings in Apple by 0.4% in the second quarter. Stone House Investment Management LLC now owns 1,570 shares of the iPhone maker’s stock valued at $226,000 after purchasing an additional 6 shares in the last quarter. Jackson Grant Investment Advisers Inc. boosted its holdings in Apple by 0.3% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 5,431 shares of the iPhone maker’s stock valued at $782,000 after purchasing an additional 17 shares in the last quarter. Lenox Wealth Advisors Inc. boosted its holdings in Apple by 0.4% in the second quarter. Lenox Wealth Advisors Inc. now owns 4,971 shares of the iPhone maker’s stock valued at $716,000 after purchasing an additional 20 shares in the last quarter. Karp Capital Management Corp boosted its holdings in Apple by 1.6% in the second quarter. Karp Capital Management Corp now owns 1,427 shares of the iPhone maker’s stock valued at $206,000 after purchasing an additional 22 shares in the last quarter. Finally, Welch Investments LLC boosted its holdings in Apple by 1.5% in the second quarter. Welch Investments LLC now owns 1,607 shares of the iPhone maker’s stock valued at $231,000 after purchasing an additional 23 shares in the last quarter. 60.19% of the stock is owned by hedge funds and other institutional investors.

AAPL has been the subject of several research analyst reports. Nomura set a $185.00 price objective on Apple and gave the company a “buy” rating in a report on Monday, September 25th. Sanford C. Bernstein reissued a “buy” rating and issued a $175.00 price objective on shares of Apple in a report on Tuesday, September 26th. Bank of America reissued a “buy” rating and issued a $180.00 price objective on shares of Apple in a report on Tuesday, September 26th. Drexel Hamilton reissued a “buy” rating and issued a $208.00 price objective on shares of Apple in a report on Monday, September 25th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $180.00 price objective (up from $170.00) on shares of Apple in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty-eight have issued a buy rating and one has issued a strong buy rating to the stock. Apple currently has an average rating of “Buy” and an average target price of $200.59.

Apple Inc. (NASDAQ AAPL) opened at $178.46 on Friday. The stock has a market capitalization of $916,270.00, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. Apple Inc. has a 52-week low of $119.50 and a 52-week high of $180.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.20. The firm had revenue of $52.58 billion during the quarter, compared to analysts’ expectations of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. Apple’s revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.50 earnings per share. equities analysts expect that Apple Inc. will post 11.15 EPS for the current fiscal year.

In other Apple news, SVP Johny Srouji sold 5,760 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $174.40, for a total value of $1,004,544.00. Following the completion of the transaction, the senior vice president now owns 81,560 shares in the company, valued at $14,224,064. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel J. Riccio sold 15,641 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $172.35, for a total value of $2,695,726.35. Following the completion of the transaction, the insider now owns 39,682 shares of the company’s stock, valued at approximately $6,839,192.70. The disclosure for this sale can be found here. Insiders sold 128,412 shares of company stock valued at $22,115,155 in the last quarter. 0.08% of the stock is currently owned by company insiders.

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Apple Company Profile

Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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