Apple Inc. (NASDAQ:AAPL) Shares Bought by Brio Consultants LLC

Brio Consultants LLC grew its stake in Apple Inc. (NASDAQ:AAPL) by 9.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 38,689 shares of the iPhone maker’s stock after buying an additional 3,489 shares during the quarter. Apple accounts for approximately 1.5% of Brio Consultants LLC’s portfolio, making the stock its 15th biggest position. Brio Consultants LLC’s holdings in Apple were worth $9,689,000 at the end of the most recent reporting period.

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

Apple Stock Down 2.7 %

Shares of NASDAQ AAPL opened at $217.90 on Friday. The stock has a fifty day moving average price of $230.70 and a 200 day moving average price of $233.35. The company has a market cap of $3.27 trillion, a P/E ratio of 34.59, a P/E/G ratio of 2.44 and a beta of 1.18. Apple Inc. has a 12-month low of $164.08 and a 12-month high of $260.10. The company has a current ratio of 0.92, a quick ratio of 0.88 and a debt-to-equity ratio of 1.26.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. Research analysts anticipate that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Monday, February 10th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. Apple’s dividend payout ratio is currently 15.87%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AAPL. TD Cowen reiterated a “buy” rating on shares of Apple in a research note on Tuesday, January 28th. Moffett Nathanson reiterated a “sell” rating and issued a $188.00 target price (down from $202.00) on shares of Apple in a research note on Tuesday, January 7th. Evercore ISI boosted their target price on Apple from $260.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, March 18th. Wedbush reissued an “outperform” rating and issued a $325.00 price objective on shares of Apple in a research note on Friday, March 14th. Finally, Oppenheimer cut shares of Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $245.52.

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.