Apple Inc. (NASDAQ:AAPL) Shares Sold by Gilbert & Cook Inc.

Gilbert & Cook Inc. decreased its position in shares of Apple Inc. (NASDAQ:AAPL) by 28.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 27,047 shares of the iPhone maker’s stock after selling 10,824 shares during the period. Apple accounts for approximately 1.0% of Gilbert & Cook Inc.’s portfolio, making the stock its 12th largest holding. Gilbert & Cook Inc.’s holdings in Apple were worth $6,773,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. AMF Tjanstepension AB increased its stake in shares of Apple by 21.1% during the 3rd quarter. AMF Tjanstepension AB now owns 3,380,064 shares of the iPhone maker’s stock valued at $787,631,000 after acquiring an additional 588,427 shares during the last quarter. First PREMIER Bank increased its position in Apple by 1.7% during the third quarter. First PREMIER Bank now owns 93,467 shares of the iPhone maker’s stock worth $21,778,000 after purchasing an additional 1,551 shares during the last quarter. Barlow Wealth Partners Inc. raised its stake in Apple by 0.4% during the third quarter. Barlow Wealth Partners Inc. now owns 118,888 shares of the iPhone maker’s stock worth $26,356,000 after purchasing an additional 524 shares during the period. Great Oak Capital Partners LLC boosted its holdings in shares of Apple by 1.4% in the 3rd quarter. Great Oak Capital Partners LLC now owns 4,978 shares of the iPhone maker’s stock valued at $1,129,000 after purchasing an additional 70 shares during the last quarter. Finally, Tilia Fiduciary Partners Inc. grew its stake in shares of Apple by 5.3% during the 3rd quarter. Tilia Fiduciary Partners Inc. now owns 32,816 shares of the iPhone maker’s stock valued at $7,646,000 after buying an additional 1,656 shares during the period. 67.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AAPL has been the topic of several research reports. Wells Fargo & Company increased their target price on Apple to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Sanford C. Bernstein raised their price objective on Apple from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. TD Cowen reiterated a “buy” rating on shares of Apple in a report on Tuesday, January 28th. Redburn Partners set a $230.00 price target on shares of Apple in a report on Friday, January 31st. Finally, Citigroup lifted their price target on shares of Apple from $255.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $243.65.

Apple Stock Performance

Apple stock opened at $221.53 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10. The company has a fifty day moving average price of $231.03 and a two-hundred day moving average price of $233.35. The company has a market cap of $3.33 trillion, a PE ratio of 35.16, a P/E/G ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS 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%. Research analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is 15.87%.

About Apple

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.