Gilbert & Cook Inc. Sells 10,824 Shares of Apple Inc. (NASDAQ:AAPL)

Gilbert & Cook Inc. lowered its position in shares of Apple Inc. (NASDAQ:AAPL) by 28.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 position. Gilbert & Cook Inc.’s holdings in Apple were worth $6,773,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AAPL. O Connor Financial Group LLC grew its position 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 buying an additional 41 shares in the last quarter. 1620 Investment Advisors Inc. lifted its stake in Apple by 0.5% in the third quarter. 1620 Investment Advisors Inc. now owns 9,654 shares of the iPhone maker’s stock worth $2,249,000 after acquiring an additional 45 shares during the last quarter. Carolina Wealth Advisors LLC lifted its stake in Apple by 1.3% in the third 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 during the last quarter. Menard Financial Group LLC grew its holdings in 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 position 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 purchasing an additional 48 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Apple Trading Down 1.0 %

NASDAQ:AAPL opened at $221.53 on Thursday. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The stock has a fifty day simple moving average of $231.03 and a 200-day simple moving average of $233.35. The company has a market capitalization of $3.33 trillion, a PE ratio of 35.16, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.04. Apple had a net margin of 24.30% and a return on equity of 160.83%. On average, equities research analysts expect that Apple Inc. will post 7.28 earnings per share for the current fiscal year.

Apple Announces Dividend

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

Wall Street Analysts Forecast Growth

AAPL has been the subject of a number of analyst reports. Citigroup boosted their target price on shares of Apple from $255.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Redburn Partners set a $230.00 price objective on Apple in a research report on Friday, January 31st. Maxim Group boosted their target price on Apple to $215.00 and gave the stock a “hold” rating in a research note on Friday, February 21st. Oppenheimer downgraded Apple from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Finally, Wedbush reissued an “outperform” rating and set a $325.00 price objective on shares of Apple in a report on Friday, March 14th. Four analysts have rated the stock with a sell rating, ten have given 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 data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.