Apple Inc. (NASDAQ:AAPL) Shares Acquired by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC grew its stake in Apple Inc. (NASDAQ:AAPL) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,988 shares of the iPhone maker’s stock after purchasing an additional 133 shares during the quarter. Apple makes up approximately 5.8% of Regent Peak Wealth Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. Regent Peak Wealth Advisors LLC’s holdings in Apple were worth $21,368,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AAPL. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Apple in the 4th quarter valued at $560,388,000. Hudson Bay Capital Management LP acquired a new stake in shares of Apple during the third quarter worth $487,435,000. Barclays PLC boosted its position in shares of Apple by 6.0% in the third quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock valued at $8,519,244,000 after acquiring an additional 2,826,709 shares during the period. Granite Bay Wealth Management LLC bought a new position in Apple during the third quarter worth about $461,021,000. Finally, Morgan Stanley raised its stake in Apple by 1.0% in the 3rd quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock worth $35,394,751,000 after purchasing an additional 2,018,010 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.

Analyst Upgrades and Downgrades

AAPL has been the topic of several recent research reports. Monness Crespi & Hardt raised their target price on shares of Apple from $189.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Robert W. Baird lifted their price objective on Apple from $186.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, January 29th. JPMorgan Chase & Co. reduced their target price on Apple from $215.00 to $210.00 and set an “overweight” rating on the stock in a report on Thursday, April 11th. Barclays dropped their price target on Apple from $160.00 to $158.00 and set an “underweight” rating for the company in a research note on Friday, February 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 price objective on shares of Apple in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $203.05.

Apple Stock Performance

Shares of AAPL stock opened at $165.84 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.07 and a quick ratio of 1.02. Apple Inc. has a one year low of $162.80 and a one year high of $199.62. The business’s 50 day simple moving average is $174.24 and its 200 day simple moving average is $182.10. The stock has a market capitalization of $2.56 trillion, a PE ratio of 25.83, a PEG ratio of 1.99 and a beta of 1.27.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.09. Apple had a net margin of 26.16% and a return on equity of 156.04%. The company had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. During the same period in the prior year, the firm posted $1.88 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, research analysts forecast that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.58%. Apple’s payout ratio is currently 14.95%.

Insider Transactions at Apple

In related news, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total transaction of $9,244,782.12. Following the sale, the senior vice president now owns 136,572 shares in the company, valued at approximately $23,068,376.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Luca Maestri sold 53,194 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $174.12, for a total transaction of $9,262,139.28. Following the transaction, the chief financial officer now owns 107,788 shares in the company, valued at $18,768,046.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the completion of the sale, the senior vice president now owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 366,271 shares of company stock valued at $63,653,887. Corporate insiders own 0.06% of the company’s stock.

About Apple

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.