Gilman Hill Asset Management LLC boosted its position in shares of Apple Inc. (NASDAQ:AAPL) by 6.3% in the fourth quarter, Holdings Channel reports. The fund owned 9,329 shares of the iPhone maker’s stock after purchasing an additional 551 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Apple were worth $1,471,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of AAPL. Morgan Stanley lifted its position in Apple by 9.7% during the third quarter. Morgan Stanley now owns 39,188,032 shares of the iPhone maker’s stock valued at $8,846,307,000 after acquiring an additional 3,452,792 shares during the last quarter. Janus Henderson Group PLC lifted its position in Apple by 18.8% during the third quarter. Janus Henderson Group PLC now owns 20,833,222 shares of the iPhone maker’s stock valued at $4,703,027,000 after acquiring an additional 3,293,674 shares during the last quarter. Federated Investors Inc. PA lifted its position in Apple by 88.4% during the third quarter. Federated Investors Inc. PA now owns 1,192,947 shares of the iPhone maker’s stock valued at $269,295,000 after acquiring an additional 559,737 shares during the last quarter. Artemis Investment Management LLP lifted its position in Apple by 279.3% during the third quarter. Artemis Investment Management LLP now owns 617,946 shares of the iPhone maker’s stock valued at $139,510,000 after acquiring an additional 455,045 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in Apple by 1.8% during the third quarter. TIAA CREF Investment Management LLC now owns 26,144,522 shares of the iPhone maker’s stock valued at $5,901,864,000 after acquiring an additional 454,086 shares during the last quarter. 55.46% of the stock is owned by institutional investors.

A number of research analysts have issued reports on AAPL shares. JPMorgan Chase & Co. set a $228.00 price target on shares of Apple and gave the company a “buy” rating in a research note on Thursday, March 21st. Needham & Company LLC upgraded shares of Apple from a “buy” rating to a “strong-buy” rating and upped their price target for the company from $180.00 to $225.00 in a research note on Thursday, March 21st. BidaskClub lowered shares of Apple from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Sanford C. Bernstein restated a “neutral” rating and set a $160.00 price target on shares of Apple in a research note on Wednesday, March 27th. Finally, Goldman Sachs Group restated a “neutral” rating and set a $182.00 price target on shares of Apple in a research note on Wednesday, April 24th. Three research analysts have rated the stock with a sell rating, twenty-three have given a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Apple has an average rating of “Hold” and a consensus price target of $210.99.

NASDAQ:AAPL opened at $179.66 on Friday. The firm has a market capitalization of $917.16 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.58 and a beta of 1.14. Apple Inc. has a 1-year low of $142.00 and a 1-year high of $233.47. The company has a current ratio of 1.32, a quick ratio of 1.26 and a debt-to-equity ratio of 0.85.

Apple (NASDAQ:AAPL) last released its quarterly earnings data on Tuesday, April 30th. The iPhone maker reported $2.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.37 by $0.09. The firm had revenue of $58.02 billion for the quarter, compared to analyst estimates of $57.40 billion. Apple had a net margin of 22.12% and a return on equity of 51.29%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.73 earnings per share. Research analysts predict that Apple Inc. will post 11.48 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 13th were given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 1.71%. The ex-dividend date was Friday, May 10th. This is a positive change from Apple’s previous quarterly dividend of $0.73. Apple’s dividend payout ratio (DPR) is currently 25.86%.

Apple announced that its board has approved a stock buyback plan on Tuesday, April 30th that permits the company to buyback $75.00 billion in outstanding shares. This buyback authorization permits the iPhone maker to buy up to 7.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

In related news, insider Luca Maestri sold 51,138 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $196.61, for a total transaction of $10,054,242.18. Following the sale, the insider now owns 27,448 shares in the company, valued at $5,396,551.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Jeffrey E. Williams sold 56,411 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $210.36, for a total transaction of $11,866,617.96. Following the sale, the chief operating officer now owns 151,187 shares in the company, valued at approximately $31,803,697.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 142,549 shares of company stock worth $29,300,960. 0.05% of the stock is owned by company insiders.

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About Apple

Apple Inc designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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