Hanson & Doremus Investment Management Has $10.19 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Hanson & Doremus Investment Management lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 36.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,700 shares of the iPhone maker’s stock after buying an additional 10,919 shares during the quarter. Apple comprises approximately 1.6% of Hanson & Doremus Investment Management’s investment portfolio, making the stock its 11th largest holding. Hanson & Doremus Investment Management’s holdings in Apple were worth $10,192,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AAPL. VanderPol Investments L.L.C. raised its stake in Apple by 7.4% during the 4th quarter. VanderPol Investments L.L.C. now owns 2,990 shares of the iPhone maker’s stock worth $749,000 after buying an additional 205 shares during the period. Invesco LLC lifted its stake in shares of Apple by 0.3% in the fourth quarter. Invesco LLC now owns 53,410 shares of the iPhone maker’s stock valued at $13,375,000 after buying an additional 163 shares in the last quarter. Swedbank AB increased its position in shares of Apple by 4.8% during the fourth quarter. Swedbank AB now owns 18,725,882 shares of the iPhone maker’s stock worth $4,689,335,000 after acquiring an additional 850,422 shares in the last quarter. Orrstown Financial Services Inc. lifted its position in Apple by 0.8% in the 4th quarter. Orrstown Financial Services Inc. now owns 28,451 shares of the iPhone maker’s stock valued at $7,125,000 after acquiring an additional 216 shares in the last quarter. Finally, Allen Capital Group LLC boosted its stake in Apple by 3.7% during the 4th quarter. Allen Capital Group LLC now owns 93,662 shares of the iPhone maker’s stock valued at $23,455,000 after purchasing an additional 3,346 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Price Performance

AAPL stock opened at $220.73 on Tuesday. The firm’s fifty day moving average is $231.54 and its 200 day moving average is $233.41. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10. The firm has a market cap of $3.32 trillion, a P/E ratio of 35.04, a P/E/G ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Research analysts predict 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 issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. Apple’s payout ratio is presently 15.87%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AAPL shares. Morgan Stanley dropped their target price on Apple from $275.00 to $252.00 and set an “overweight” rating on the stock in a report on Wednesday, March 12th. Redburn Partners set a $230.00 price objective on Apple in a research note on Friday, January 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $262.00 target price on shares of Apple in a research note on Monday, January 27th. TD Cowen reissued a “buy” rating on shares of Apple in a research report on Tuesday, January 28th. Finally, Barclays upped their price objective on shares of Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $243.65.

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.