Apple Inc. (NASDAQ:AAPL) Stake Increased by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE lifted its holdings in Apple Inc. (NASDAQ:AAPL) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,245 shares of the iPhone maker’s stock after buying an additional 1,029 shares during the quarter. Apple accounts for 4.0% of Regency Capital Management Inc. DE’s portfolio, making the stock its 7th biggest holding. 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 institutional investors have also recently modified their holdings of the business. Bull Oak Capital LLC boosted its position in Apple by 252.3% during the third quarter. Bull Oak Capital LLC now owns 155 shares of the iPhone maker’s stock worth $36,000 after purchasing an additional 111 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in Apple during the third quarter worth $71,000. Christopher J. Hasenberg Inc boosted its position in Apple by 88.9% during the third quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares in the last quarter. Teachers Insurance & Annuity Association of America purchased a new stake in Apple during the third quarter worth $77,000. Finally, ARK Investment Management LLC purchased a new stake in Apple during the third quarter worth $110,000. 67.73% of the stock is currently owned by hedge funds and other institutional investors.

Apple Stock Performance

Shares of NASDAQ:AAPL opened at $212.69 on Wednesday. The firm has a market capitalization of $3.20 trillion, a PE ratio of 33.76, a P/E/G ratio of 2.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.88. The business has a 50-day moving average of $233.31 and a two-hundred day moving average of $233.60. Apple Inc. has a 12 month low of $164.08 and a 12 month high of $260.10.

Apple (NASDAQ:AAPL) last announced its quarterly earnings results on Thursday, January 30th. The iPhone maker reported $2.40 EPS for the quarter, topping the consensus estimate of $2.36 by $0.04. Apple had a return on equity of 160.83% and a net margin of 24.30%. As a group, research analysts forecast that Apple Inc. will post 7.28 earnings per share 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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Monday, February 10th. Apple’s payout ratio is 15.87%.

Wall Street Analyst Weigh In

AAPL has been the topic of a number of research analyst reports. Monness Crespi & Hardt boosted their target price on Apple to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Raymond James boosted their target price on Apple to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 20th. Wells Fargo & Company upped their price objective on Apple to $275.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Jefferies Financial Group restated an “underperform” rating on shares of Apple in a research report on Wednesday, February 19th. Finally, Loop Capital downgraded Apple from a “buy” rating to a “hold” rating and set a $230.00 price objective on the stock. in a research report on Tuesday, January 21st. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.65.

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.