Gilman Hill Asset Management LLC Has $7.02 Million Stock Holdings in Apple Inc. $AAPL

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

Several other large investors also recently modified their holdings of AAPL. Sellwood Investment Partners LLC boosted its holdings in shares of Apple by 110.9% during the third quarter. Sellwood Investment Partners LLC now owns 135 shares of the iPhone maker’s stock worth $34,000 after acquiring an additional 71 shares during the period. ROSS JOHNSON & Associates LLC lifted its holdings in Apple by 1,800.0% during the 1st quarter. ROSS JOHNSON & Associates LLC now owns 190 shares of the iPhone maker’s stock worth $42,000 after purchasing an additional 180 shares during the last quarter. LSV Asset Management acquired a new stake in Apple during the 4th quarter worth approximately $65,000. HFM Investment Advisors LLC bought a new stake in Apple in the 1st quarter valued at $99,000. Finally, Miller Global Investments LLC bought a new stake in Apple in the 4th quarter valued at $127,000. 67.73% of the stock is owned by institutional investors.

Apple Stock Performance

NASDAQ:AAPL opened at $253.79 on Wednesday. The company has a market cap of $3.73 trillion, a price-to-earnings ratio of 32.08, a PEG ratio of 2.34 and a beta of 1.10. Apple Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $288.62. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.94 and a current ratio of 0.97. The stock has a fifty day moving average price of $260.20 and a 200-day moving average price of $263.18.

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

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 12th. Shareholders of record on Monday, February 9th were issued a $0.26 dividend. This represents a $1.04 annualized dividend 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%.

Analyst Ratings Changes

Several research firms have weighed in on AAPL. CLSA increased their price objective on Apple from $265.00 to $330.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. TD Cowen reissued a “buy” rating and issued a $325.00 target price on shares of Apple in a research report on Friday, January 30th. Monness Crespi & Hardt upped their price target on shares of Apple from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Evercore reaffirmed an “outperform” rating on shares of Apple in a research report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Apple in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $297.58.

Read Our Latest Stock Report on AAPL

Key Stories Impacting Apple

Here are the key news stories impacting Apple this week:

Apple Company Profile

(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

Want to see what other hedge funds are holding AAPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apple Inc. (NASDAQ:AAPLFree Report).

Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

Receive News & Ratings for Apple Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple and related companies with MarketBeat.com's FREE daily email newsletter.