Apple Inc. (NASDAQ:AAPL) Holdings Lifted by Brooklyn Investment Group

Brooklyn Investment Group increased its position in Apple Inc. (NASDAQ:AAPL) by 7.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,258 shares of the iPhone maker’s stock after buying an additional 6,821 shares during the quarter. Apple accounts for approximately 7.5% of Brooklyn Investment Group’s holdings, making the stock its biggest holding. Brooklyn Investment Group’s holdings in Apple were worth $25,107,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Bull Oak Capital LLC increased its stake 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 worth $36,000 after acquiring an additional 111 shares in the last quarter. Hershey Financial Advisers LLC bought a new stake in shares of Apple in the 2nd quarter worth $42,000. Christopher J. Hasenberg Inc increased its holdings in shares of Apple by 88.9% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in shares of Apple in the 3rd quarter worth $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new position in shares of Apple in the 3rd quarter worth $77,000. 67.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AAPL. Rosenblatt Securities reiterated a “buy” rating and set a $262.00 target price on shares of Apple in a research report on Monday, January 27th. Barclays lifted their target price on Apple from $183.00 to $197.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. UBS Group boosted their price objective on Apple to $236.00 and gave the stock a “hold” rating in a research note on Tuesday, February 25th. Oppenheimer lowered Apple from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Finally, Sanford C. Bernstein boosted their target price on Apple from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $243.88.

Apple Stock Performance

NASDAQ AAPL opened at $238.03 on Tuesday. Apple Inc. has a fifty-two week low of $164.07 and a fifty-two week high of $260.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.88 and a current ratio of 0.92. The firm has a market capitalization of $3.58 trillion, a P/E ratio of 37.78, a PEG ratio of 2.44 and a beta of 1.20. The stock has a 50-day simple moving average of $239.26 and a two-hundred day simple moving average of $233.85.

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

Apple Announces Dividend

The business 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. This represents a $1.00 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend was Monday, February 10th. Apple’s dividend payout ratio is currently 15.87%.

Insider Transactions at Apple

In other Apple news, COO Jeffrey E. Williams sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $249.97, for a total value of $24,997,000.00. Following the sale, the chief operating officer now owns 389,944 shares of the company’s stock, valued at $97,474,301.68. The trade was a 20.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.06% of the company’s stock.

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.