Apple Inc. (NASDAQ:AAPL) Shares Purchased by Regatta Capital Group LLC

Regatta Capital Group LLC lifted its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,520 shares of the iPhone maker’s stock after acquiring an additional 2,924 shares during the quarter. Apple comprises approximately 5.9% of Regatta Capital Group LLC’s holdings, making the stock its 3rd biggest holding. Regatta Capital Group LLC’s holdings in Apple were worth $30,644,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. China Universal Asset Management Co. Ltd. grew its stake in shares of Apple by 127.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 75,479 shares of the iPhone maker’s stock valued at $12,943,000 after acquiring an additional 42,282 shares in the last quarter. Addison Capital Co increased its stake in shares of Apple by 4.6% in the first quarter. Addison Capital Co now owns 27,345 shares of the iPhone maker’s stock worth $4,689,000 after buying an additional 1,208 shares during the last quarter. SP Asset Management LLC raised its holdings in Apple by 0.6% in the first quarter. SP Asset Management LLC now owns 193,732 shares of the iPhone maker’s stock valued at $33,221,000 after acquiring an additional 1,125 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its stake in Apple by 3.1% during the 1st quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 553,963 shares of the iPhone maker’s stock valued at $94,994,000 after acquiring an additional 16,694 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in Apple by 2.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 850,135 shares of the iPhone maker’s stock worth $145,781,000 after acquiring an additional 16,495 shares in the last quarter. 60.41% of the stock is owned by hedge funds and other institutional investors.

Apple Trading Up 0.0 %

NASDAQ:AAPL opened at $243.04 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 1.51. Apple Inc. has a 1-year low of $164.07 and a 1-year high of $244.54. The firm has a market capitalization of $3.67 trillion, a price-to-earnings ratio of 39.97, a price-to-earnings-growth ratio of 2.38 and a beta of 1.23. The stock has a fifty day simple moving average of $230.23 and a 200 day simple moving average of $221.05.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Apple had a net margin of 23.97% and a return on equity of 152.94%. The firm had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. During the same quarter last year, the business posted $1.46 EPS. The company’s revenue was up 6.1% on a year-over-year basis. Sell-side analysts forecast that Apple Inc. will post 7.43 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 11th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. Apple’s dividend payout ratio is 16.45%.

Insider Activity at Apple

In other news, insider Chris Kondo sold 4,130 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $228.87, for a total value of $945,233.10. Following the transaction, the insider now owns 15,419 shares in the company, valued at $3,528,946.53. This represents a 21.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Timothy D. Cook sold 223,986 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $224.46, for a total transaction of $50,275,897.56. Following the sale, the chief executive officer now owns 3,280,180 shares of the company’s stock, valued at approximately $736,269,202.80. This represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 408,170 shares of company stock valued at $92,007,745. Company insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on AAPL shares. Needham & Company LLC reaffirmed a “buy” rating and set a $260.00 price target on shares of Apple in a research report on Friday, November 1st. Citigroup increased their price objective on shares of Apple to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Maxim Group lifted their target price on Apple from $203.00 to $215.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Bank of America increased their price target on Apple to $256.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, New Street Research reaffirmed a “neutral” rating and issued a $225.00 target price on shares of Apple in a research report on Wednesday, September 25th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Apple has a consensus rating of “Moderate Buy” and a consensus target price of $235.68.

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.