Regency Capital Management Inc. DE Buys 2,114 Shares of Apple Inc. (NASDAQ:AAPL)

Regency Capital Management Inc. DE lifted its stake in shares of Apple Inc. (NASDAQ:AAPL) by 111.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,004 shares of the iPhone maker’s stock after acquiring an additional 2,114 shares during the quarter. Regency Capital Management Inc. DE’s holdings in Apple were worth $771,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Conservest Capital Advisors Inc. boosted its position in shares of Apple by 0.3% in the 3rd quarter. Conservest Capital Advisors Inc. now owns 16,802 shares of the iPhone maker’s stock worth $2,877,000 after purchasing an additional 55 shares during the last quarter. High Pines Wealth Management LLC grew its stake in shares of Apple by 0.7% during the fourth quarter. High Pines Wealth Management LLC now owns 8,506 shares of the iPhone maker’s stock worth $1,638,000 after purchasing an additional 58 shares during the period. Kraft Davis & Associates LLC grew its stake in shares of Apple by 0.9% during the third quarter. Kraft Davis & Associates LLC now owns 6,716 shares of the iPhone maker’s stock worth $1,155,000 after purchasing an additional 59 shares during the period. Asset Planning Corporation grew its stake in shares of Apple by 1.0% during the fourth quarter. Asset Planning Corporation now owns 6,135 shares of the iPhone maker’s stock worth $1,181,000 after purchasing an additional 59 shares during the period. Finally, Columbus Macro LLC grew its stake in shares of Apple by 0.5% during the fourth quarter. Columbus Macro LLC now owns 11,224 shares of the iPhone maker’s stock worth $2,120,000 after purchasing an additional 59 shares during the period. Institutional investors own 60.41% of the company’s stock.

Insiders Place Their Bets

In other Apple news, Director Arthur D. Levinson sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now owns 4,434,576 shares of the company’s stock, valued at $802,392,181.44. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the transaction, the senior vice president now owns 136,572 shares of the company’s stock, valued at $23,068,376.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Arthur D. Levinson sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $180.94, for a total value of $18,094,000.00. Following the completion of the transaction, the director now directly owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The disclosure for this sale can be found here. Insiders have sold a total of 366,271 shares of company stock valued at $63,653,887 over the last 90 days. 0.06% of the stock is currently owned by insiders.

Apple Stock Performance

AAPL opened at $169.89 on Friday. The business’s 50-day simple moving average is $173.30 and its 200 day simple moving average is $181.85. The firm has a market capitalization of $2.62 trillion, a PE ratio of 26.46, a PEG ratio of 2.01 and a beta of 1.27. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a 52-week low of $162.80 and a 52-week high of $199.62.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The firm had revenue of $119.60 billion for the quarter, compared to the consensus estimate of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.88 earnings per share. As a group, sell-side analysts expect that Apple Inc. will post 6.54 earnings per share for the current fiscal year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio (DPR) is presently 14.95%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Morgan Stanley decreased their price objective on Apple from $220.00 to $210.00 and set an “overweight” rating for the company in a research note on Monday. Wedbush reaffirmed an “outperform” rating and set a $250.00 price objective on shares of Apple in a research note on Tuesday, April 9th. Redburn Atlantic cut Apple from a “buy” rating to a “neutral” rating and set a $200.00 price objective for the company. in a research note on Wednesday, January 10th. JPMorgan Chase & Co. decreased their price objective on Apple from $215.00 to $210.00 and set an “overweight” rating for the company in a research note on Thursday, April 11th. Finally, The Goldman Sachs Group boosted their target price on Apple from $223.00 to $232.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $203.05.

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.