45,474 Shares in Apple Inc. (NASDAQ:AAPL) Purchased by Brentview Investment Management LLC

Brentview Investment Management LLC bought a new stake in Apple Inc. (NASDAQ:AAPL) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 45,474 shares of the iPhone maker’s stock, valued at approximately $11,388,000. Apple accounts for about 6.5% of Brentview Investment Management LLC’s holdings, making the stock its 2nd biggest holding.

Several other hedge funds have also recently bought and sold shares of AAPL. Drystone LLC bought a new position in Apple in the fourth quarter valued at approximately $25,000. Bull Oak Capital LLC boosted its holdings in shares of Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock valued at $36,000 after purchasing an additional 111 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new position in shares of Apple in the 3rd quarter valued at $71,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Apple during the 3rd quarter worth $77,000. Finally, ARK Investment Management LLC bought a new stake in shares of Apple during the 3rd quarter worth $110,000. 67.73% of the stock is owned by institutional investors.

Apple Price Performance

Apple stock opened at $223.19 on Wednesday. The stock’s 50 day moving average price is $230.55 and its two-hundred day moving average price is $233.43. The stock has a market capitalization of $3.35 trillion, a price-to-earnings ratio of 35.43, a PEG 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 Inc. has a 52-week low of $164.08 and a 52-week high of $260.10.

Apple (NASDAQ:AAPL) last issued its earnings results on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts predict that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were paid a $0.25 dividend. 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 dividend payout ratio is presently 15.87%.

Analyst Ratings Changes

AAPL has been the topic of a number of recent analyst reports. Barclays lifted their target price on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. Bank of America upped their price objective on shares of Apple from $253.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company raised their target price on shares of Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Maxim Group boosted their target price on shares of Apple to $215.00 and gave the stock a “hold” rating in a research note on Friday, February 21st. Finally, Argus raised Apple to a “strong-buy” rating in a report on Friday, January 31st. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $245.52.

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.