Abner Herrman & Brock LLC Has $26.01 Million Stock Holdings in Apple Inc. (NASDAQ:AAPL)

Abner Herrman & Brock LLC boosted its position in Apple Inc. (NASDAQ:AAPL) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,869 shares of the iPhone maker’s stock after acquiring an additional 795 shares during the quarter. Apple accounts for approximately 3.2% of Abner Herrman & Brock LLC’s portfolio, making the stock its 9th largest holding. Abner Herrman & Brock LLC’s holdings in Apple were worth $26,011,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. High Net Worth Advisory Group LLC boosted its stake in shares of Apple by 1.7% in the 3rd quarter. High Net Worth Advisory Group LLC now owns 64,015 shares of the iPhone maker’s stock valued at $14,916,000 after purchasing an additional 1,066 shares in the last quarter. Amara Financial LLC. bought a new stake in Apple in the third quarter worth $288,000. Sterling Investment Counsel LLC boosted its position in Apple by 3.8% during the third quarter. Sterling Investment Counsel LLC now owns 69,824 shares of the iPhone maker’s stock valued at $16,269,000 after buying an additional 2,565 shares during the period. Silicon Valley Capital Partners boosted its position in Apple by 12.8% during the third quarter. Silicon Valley Capital Partners now owns 253,743 shares of the iPhone maker’s stock valued at $59,122,000 after buying an additional 28,799 shares during the period. Finally, Catalyst Financial Partners LLC grew its stake in shares of Apple by 4.2% during the third quarter. Catalyst Financial Partners LLC now owns 96,589 shares of the iPhone maker’s stock valued at $22,505,000 after buying an additional 3,935 shares during the last quarter. Institutional investors own 67.73% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AAPL shares. Bank of America increased their target price on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 31st. Barclays increased their price objective on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Wedbush restated an “outperform” rating and issued a $325.00 target price on shares of Apple in a report on Friday, March 14th. Moffett Nathanson reiterated a “sell” rating and set a $188.00 price target (down from $202.00) on shares of Apple in a report on Tuesday, January 7th. Finally, Monness Crespi & Hardt raised their price target on shares of Apple to $245.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.52.

Apple Price Performance

AAPL stock opened at $222.13 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm has a 50 day moving average price of $230.54 and a 200-day moving average price of $233.42. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The firm has a market capitalization of $3.34 trillion, a price-to-earnings ratio of 35.26, a PEG ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (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%. Equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

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 $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio is presently 15.87%.

Apple Profile

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.