Gilbert & Cook Inc. trimmed its holdings in Apple Inc. (NASDAQ:AAPL - Free Report) by 28.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,047 shares of the iPhone maker's stock after selling 10,824 shares during the period. Apple accounts for about 1.0% of Gilbert & Cook Inc.'s holdings, making the stock its 12th biggest holding. Gilbert & Cook Inc.'s holdings in Apple were worth $6,773,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. O Connor Financial Group LLC grew its stake in shares of Apple by 1.2% during the fourth quarter. O Connor Financial Group LLC now owns 3,578 shares of the iPhone maker's stock worth $896,000 after purchasing an additional 41 shares in the last quarter. 1620 Investment Advisors Inc. lifted its holdings in Apple by 0.5% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker's stock worth $2,249,000 after buying an additional 45 shares during the last quarter. Carolina Wealth Advisors LLC boosted its position in shares of Apple by 1.3% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 3,489 shares of the iPhone maker's stock worth $813,000 after acquiring an additional 46 shares in the last quarter. Menard Financial Group LLC boosted its position in shares of Apple by 0.4% during the 3rd quarter. Menard Financial Group LLC now owns 12,221 shares of the iPhone maker's stock worth $2,848,000 after acquiring an additional 48 shares in the last quarter. Finally, Hanseatic Management Services Inc. increased its holdings in shares of Apple by 1.3% in the 4th quarter. Hanseatic Management Services Inc. now owns 3,775 shares of the iPhone maker's stock valued at $945,000 after acquiring an additional 48 shares during the last quarter. 67.73% of the stock is owned by hedge funds and other institutional investors.
Apple Price Performance
Shares of Apple stock traded down $5.95 during trading on Friday, reaching $217.90. The company's stock had a trading volume of 39,775,695 shares, compared to its average volume of 54,852,651. The company has a market capitalization of $3.27 trillion, a P/E ratio of 34.59, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The business has a 50 day moving average price of $230.70 and a 200-day moving average price of $233.35. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.
Apple (NASDAQ:AAPL - Get Free Report) last posted its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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%. As a group, sell-side analysts anticipate that Apple Inc. will post 7.28 EPS for the current year.
Apple Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Monday, February 10th. Apple's payout ratio is 15.87%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the company. Evercore ISI upped their price target on Apple from $260.00 to $275.00 and gave the company an "outperform" rating in a report on Tuesday, March 18th. Monness Crespi & Hardt upped their target price on shares of Apple to $245.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Raymond James increased their target price on shares of Apple to $250.00 and gave the company a "buy" rating in a research report on Monday, January 20th. KeyCorp reissued an "underweight" rating and issued a $200.00 price target on shares of Apple in a research report on Friday, January 31st. Finally, Bank of America raised their price objective on Apple from $253.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Apple has an average rating of "Moderate Buy" and a consensus target price of $245.52.
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About Apple
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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.
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