Gilman Hill Asset Management LLC Has $3.86 Million Stake in Apple Inc. (NASDAQ:AAPL)

Gilman Hill Asset Management LLC cut its position in Apple Inc. (NASDAQ:AAPLFree Report) by 5.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,059 shares of the iPhone maker’s stock after selling 1,203 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Apple were worth $3,862,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bond & Devick Financial Network Inc. lifted its stake in Apple by 16.1% during the fourth quarter. Bond & Devick Financial Network Inc. now owns 17,366 shares of the iPhone maker’s stock worth $3,343,000 after purchasing an additional 2,410 shares during the last quarter. Diligent Investors LLC raised its holdings in shares of Apple by 3.6% during the 4th quarter. Diligent Investors LLC now owns 83,084 shares of the iPhone maker’s stock worth $15,996,000 after buying an additional 2,874 shares in the last quarter. JGP Wealth Management LLC lifted its position in shares of Apple by 0.5% during the 4th quarter. JGP Wealth Management LLC now owns 212,154 shares of the iPhone maker’s stock worth $40,846,000 after buying an additional 1,141 shares during the last quarter. McNaughton Wealth Management LLC boosted its stake in Apple by 38.4% in the fourth quarter. McNaughton Wealth Management LLC now owns 7,993 shares of the iPhone maker’s stock valued at $1,539,000 after buying an additional 2,218 shares in the last quarter. Finally, Pasadena Private Wealth LLC grew its position in Apple by 13.8% in the fourth quarter. Pasadena Private Wealth LLC now owns 38,250 shares of the iPhone maker’s stock valued at $7,364,000 after acquiring an additional 4,650 shares during the last quarter. Institutional investors own 60.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AAPL. JPMorgan Chase & Co. reduced their price target on shares of Apple from $225.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, February 2nd. Redburn Atlantic lowered shares of Apple from a “buy” rating to a “neutral” rating and set a $200.00 target price on the stock. in a research report on Wednesday, January 10th. Piper Sandler decreased their target price on shares of Apple from $205.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. Piper Sandler Companies cut Apple to a “neutral” rating and dropped their price target for the company from $220.00 to $205.00 in a research note on Thursday, January 4th. Finally, DA Davidson initiated coverage on Apple in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Apple presently has an average rating of “Moderate Buy” and an average target price of $205.27.

Read Our Latest Research Report on Apple

Insider Activity

In related news, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the sale, the director now owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.06% of the company’s stock.

Apple Stock Performance

Shares of Apple stock opened at $169.71 on Wednesday. The business has a 50-day simple moving average of $181.96 and a 200 day simple moving average of $182.79. Apple Inc. has a one year low of $155.98 and a one year high of $199.62. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. The firm has a market capitalization of $2.62 trillion, a price-to-earnings ratio of 26.43, a PEG ratio of 2.08 and a beta of 1.29.

Apple (NASDAQ:AAPLGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, beating the consensus estimate of $2.09 by $0.09. Apple had a return on equity of 156.04% and a net margin of 26.16%. The firm had revenue of $119.60 billion during the quarter, compared to the consensus estimate of $117.99 billion. During the same quarter in the previous year, the company posted $1.88 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, research analysts anticipate that Apple Inc. will post 6.55 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio (DPR) is 14.95%.

About Apple

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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