Flavin Financial Services Inc. Makes New $5.40 Million Investment in Apple Inc. (NASDAQ:AAPL)

Flavin Financial Services Inc. purchased a new position in shares of Apple Inc. (NASDAQ:AAPL) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 21,551 shares of the iPhone maker’s stock, valued at approximately $5,397,000. Apple makes up approximately 5.1% of Flavin Financial Services Inc.’s portfolio, making the stock its 2nd biggest position.

Other hedge funds have also made changes to their positions in the company. Drystone LLC acquired a new position in shares of Apple in the 4th quarter worth approximately $25,000. Bull Oak Capital LLC boosted its position in 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 buying an additional 111 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new stake 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 third quarter valued at $77,000. Finally, ARK Investment Management LLC bought a new position in Apple in the third quarter valued at about $110,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

Apple Price Performance

Shares of NASDAQ:AAPL opened at $223.89 on Thursday. The company has a market cap of $3.36 trillion, a price-to-earnings ratio of 35.54, a PEG ratio of 2.44 and a beta of 1.18. The business has a 50 day moving average price of $230.55 and a 200 day moving average price of $233.36. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. Apple Inc. has a twelve month low of $164.08 and a twelve month high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, January 30th. The iPhone maker reported $2.40 earnings per share 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 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio (DPR) is currently 15.87%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AAPL shares. Wells Fargo & Company raised their price objective on shares of Apple to $275.00 and gave the company a “buy” rating in a research note on Monday, December 9th. DA Davidson set a $290.00 target price on Apple in a research note on Friday, January 31st. The Goldman Sachs Group restated a “buy” rating on shares of Apple in a research report on Wednesday, February 19th. Sanford C. Bernstein increased their price target on shares of Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Apple in a report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating, nine have issued 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 has an average rating of “Moderate Buy” and a consensus 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.