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

Brentview Investment Management LLC acquired a new stake in shares of Apple Inc. (NASDAQ:AAPL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 45,474 shares of the iPhone maker’s stock, valued at approximately $11,388,000. Apple accounts for approximately 6.5% of Brentview Investment Management LLC’s investment portfolio, making the stock its 2nd biggest position.

Several other large investors have also recently bought and sold shares of AAPL. Drystone LLC acquired a new stake in Apple during the 4th quarter worth approximately $25,000. Bull Oak Capital LLC increased its position in shares of Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after acquiring an additional 111 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in shares of Apple during the third quarter worth $71,000. Teachers Insurance & Annuity Association of America bought a new stake in Apple in the 3rd quarter valued at $77,000. Finally, ARK Investment Management LLC acquired a new position in Apple in the 3rd quarter worth $110,000. Institutional investors own 67.73% of the company’s stock.

Apple Stock Performance

Shares of NASDAQ AAPL opened at $223.19 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The firm has a market cap of $3.35 trillion, a price-to-earnings ratio of 35.43, a P/E/G ratio of 2.44 and a beta of 1.18. The stock’s fifty day moving average price is $230.55 and its two-hundred day moving average price is $233.43. Apple Inc. has a one year low of $164.08 and a one year high of $260.10.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, beating 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 forecast that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Stockholders of record on Monday, February 10th were issued a dividend of $0.25 per share. The ex-dividend date 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%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AAPL shares. Bank of America lifted their price target on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Loop Capital lowered Apple from a “buy” rating to a “hold” rating and set a $230.00 target price on the stock. in a research report on Tuesday, January 21st. The Goldman Sachs Group restated a “buy” rating on shares of Apple in a research note on Wednesday, February 19th. Morgan Stanley decreased their price target on shares of Apple from $275.00 to $252.00 and set an “overweight” rating for the company in a research note on Wednesday, March 12th. Finally, Argus upgraded shares of Apple to a “strong-buy” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Apple presently has a consensus rating of “Moderate Buy” and an average price target 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.