Brewster Financial Planning LLC Makes New Investment in Apple Inc. (NASDAQ:AAPL)

Brewster Financial Planning LLC purchased a new stake in shares of Apple Inc. (NASDAQ:AAPL) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 1,013 shares of the iPhone maker’s stock, valued at approximately $254,000. Apple makes up 0.2% of Brewster Financial Planning LLC’s investment portfolio, making the stock its 22nd largest position.

Several other institutional investors have also recently made changes to their positions in the company. Drystone LLC bought a new position in Apple in the fourth quarter valued at $25,000. Bull Oak Capital LLC raised its holdings in shares of Apple by 252.3% during 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 in the last quarter. Christopher J. Hasenberg Inc raised its holdings in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock valued at $69,000 after buying an additional 144 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new stake in Apple in the 3rd quarter worth approximately $71,000. Finally, Teachers Insurance & Annuity Association of America purchased a new stake in Apple in the third quarter worth approximately $77,000. Institutional investors own 67.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Oppenheimer cut shares of Apple from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Apple in a research note on Wednesday, February 19th. DA Davidson set a $290.00 price objective on Apple in a report on Friday, January 31st. Bank of America increased their target price on Apple from $253.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company lifted their price target on Apple to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $245.52.

Apple Price Performance

AAPL stock opened at $217.90 on Friday. 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 50 day moving average price of $230.70 and a 200-day moving average price of $233.26. Apple Inc. has a 52-week low of $164.08 and a 52-week high of $260.10. The firm has a market capitalization of $3.27 trillion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.44 and a beta of 1.18.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data 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%. Equities research analysts forecast that Apple Inc. will post 7.28 EPS for the current fiscal year.

Apple Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 13th. Investors of record on Monday, February 10th were given 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 dividend payout ratio (DPR) 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.