Brio Consultants LLC Raises Stock Position in Apple Inc. (NASDAQ:AAPL)

Brio Consultants LLC raised its holdings in Apple Inc. (NASDAQ:AAPL) by 9.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,689 shares of the iPhone maker’s stock after purchasing an additional 3,489 shares during the quarter. Apple accounts for approximately 1.5% of Brio Consultants LLC’s investment portfolio, making the stock its 15th biggest holding. Brio Consultants LLC’s holdings in Apple were worth $9,689,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AAPL. Drystone LLC purchased a new stake in shares of Apple during the 4th quarter worth about $25,000. Bull Oak Capital LLC raised its holdings in Apple by 252.3% in the 3rd quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares during the period. SPX Gestao de Recursos Ltda purchased a new position in Apple during the third quarter worth approximately $71,000. Teachers Insurance & Annuity Association of America acquired a new stake in Apple in the third quarter valued at approximately $77,000. Finally, ARK Investment Management LLC purchased a new stake in shares of Apple in the third quarter valued at approximately $110,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AAPL shares. DA Davidson set a $290.00 target price on shares of Apple in a research report on Friday, January 31st. Wells Fargo & Company boosted their price objective on Apple to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Raymond James increased their target price on Apple to $250.00 and gave the company a “buy” rating in a report on Monday, January 20th. Evercore ISI boosted their price target on Apple from $260.00 to $275.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 18th. Finally, Argus raised Apple to a “strong-buy” rating in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $245.52.

Apple Price Performance

Apple stock opened at $217.90 on Friday. The company’s 50 day simple moving average is $230.70 and its 200-day simple moving average is $233.35. 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 1 year low of $164.08 and a 1 year high of $260.10. The company has a market capitalization of $3.27 trillion, a price-to-earnings ratio of 34.59, 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, 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%. As a group, equities research analysts expect that Apple Inc. will post 7.28 earnings per share for the current year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.46%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is 15.87%.

Apple Company 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.