Gilman Hill Asset Management LLC Acquires 2,684 Shares of Apple Inc. $AAPL

Gilman Hill Asset Management LLC boosted its holdings in Apple Inc. (NASDAQ:AAPLFree Report) by 11.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,820 shares of the iPhone maker’s stock after buying an additional 2,684 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Apple were worth $7,019,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Isthmus Partners LLC grew its holdings in shares of Apple by 6.4% during the 3rd quarter. Isthmus Partners LLC now owns 97,177 shares of the iPhone maker’s stock valued at $25,000 after purchasing an additional 5,808 shares during the last quarter. Sellwood Investment Partners LLC lifted its stake in Apple by 110.9% in the 3rd quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock valued at $34,000 after purchasing an additional 71 shares during the last quarter. ROSS JOHNSON & Associates LLC boosted its position in Apple by 1,800.0% in the first quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock valued at $42,000 after buying an additional 180 shares in the last quarter. LSV Asset Management acquired a new stake in Apple in the fourth quarter valued at approximately $65,000. Finally, 49 Wealth Management LLC grew its stake in shares of Apple by 15.7% during the third quarter. 49 Wealth Management LLC now owns 298,920 shares of the iPhone maker’s stock worth $76,000 after buying an additional 40,543 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Price Performance

Apple stock opened at $253.79 on Wednesday. The stock’s 50 day moving average is $260.20 and its 200 day moving average is $263.18. Apple Inc. has a one year low of $169.21 and a one year high of $288.62. The firm has a market cap of $3.73 trillion, a P/E ratio of 32.08, a P/E/G ratio of 2.34 and a beta of 1.10. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.97 and a quick ratio of 0.94.

Apple (NASDAQ:AAPLGet Free Report) last released its quarterly earnings results on Thursday, January 29th. The iPhone maker reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $0.17. The firm had revenue of $143.76 billion during the quarter, compared to analyst estimates of $138.25 billion. Apple had a net margin of 27.04% and a return on equity of 159.94%. The company’s revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.40 EPS. As a group, research analysts expect that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Investors of record on Monday, February 9th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, February 9th. Apple’s dividend payout ratio (DPR) is currently 13.15%.

More Apple News

Here are the key news stories impacting Apple this week:

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AAPL shares. Stephens set a $315.00 price target on Apple in a research note on Monday, January 26th. Barclays boosted their price objective on Apple from $239.00 to $248.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 3rd. UBS Group reiterated a “neutral” rating on shares of Apple in a research report on Wednesday, March 4th. Maxim Group raised Apple from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a research note on Friday, January 30th. Finally, DA Davidson restated a “neutral” rating and set a $270.00 price target on shares of Apple in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $297.58.

Check Out Our Latest Research Report on AAPL

About Apple

(Free Report)

Apple Inc (NASDAQ: AAPL) is a multinational technology company headquartered in Cupertino, California, founded in 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. The company designs, develops and sells consumer electronics, software and services. Over its history Apple has evolved from personal computers to a broad portfolio that spans mobile devices, wearables, home entertainment and digital services.

Apple’s principal hardware products include the iPhone smartphone, iPad tablet, Mac personal computers, Apple Watch wearable devices and a range of accessories such as AirPods and HomePod.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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