Apple Inc. (NASDAQ:AAPL) Shares Purchased by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE increased its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,245 shares of the iPhone maker’s stock after purchasing an additional 1,029 shares during the quarter. Apple accounts for approximately 4.0% of Regency Capital Management Inc. DE’s portfolio, making the stock its 7th biggest position. Regency Capital Management Inc. DE’s holdings in Apple were worth $7,323,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AAPL. Passive Capital Management LLC. boosted its holdings in Apple by 52.6% during the 2nd quarter. Passive Capital Management LLC. now owns 4,244 shares of the iPhone maker’s stock valued at $894,000 after acquiring an additional 1,462 shares during the period. Alternative Investment Advisors LLC. purchased a new position in Apple during the 2nd quarter valued at about $1,151,000. Sage Advisors LLC boosted its holdings in Apple by 3.3% during the 2nd quarter. Sage Advisors LLC now owns 44,403 shares of the iPhone maker’s stock valued at $9,352,000 after acquiring an additional 1,416 shares during the period. Ashburton Jersey Ltd purchased a new position in Apple during the 2nd quarter valued at about $15,855,000. Finally, Mattson Financial Services LLC purchased a new position in Apple during the 2nd quarter valued at about $7,371,000. 67.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AAPL shares. Maxim Group lifted their price objective on Apple to $215.00 and gave the company a “hold” rating in a research note on Friday, February 21st. KeyCorp reiterated an “underweight” rating and issued a $200.00 price objective on shares of Apple in a research note on Friday, January 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $262.00 price objective on shares of Apple in a research note on Monday, January 27th. Loop Capital cut Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective for the company. in a research note on Tuesday, January 21st. Finally, Barclays lifted their price objective on Apple from $183.00 to $197.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Apple has an average rating of “Moderate Buy” and a consensus target price of $243.65.

Apple Trading Down 0.6 %

AAPL opened at $212.69 on Wednesday. The firm has a market cap of $3.20 trillion, a price-to-earnings ratio of 33.76, a price-to-earnings-growth ratio of 2.44 and a beta of 1.18. The company has a quick ratio of 0.88, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average is $233.31 and its two-hundred day moving average is $233.60. Apple Inc. has a 52 week low of $164.08 and a 52 week high of $260.10.

Apple (NASDAQ:AAPL) last released its earnings results 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%. On average, research analysts predict that Apple Inc. will post 7.28 EPS for the current year.

Apple Dividend Announcement

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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is currently 15.87%.

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.