Regency Capital Management Inc. DE Buys Shares of 1,067 Apple Inc. (NASDAQ:AAPL)

Regency Capital Management Inc. DE bought a new stake in Apple Inc. (NASDAQ:AAPL) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,067 shares of the iPhone maker’s stock, valued at approximately $207,000.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Apple by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,269,995,750 shares of the iPhone maker’s stock valued at $221,753,959,000 after acquiring an additional 8,734,393 shares in the last quarter. Berkshire Hathaway Inc raised its position in Apple by 2.3% during the 1st quarter. Berkshire Hathaway Inc now owns 915,560,382 shares of the iPhone maker’s stock worth $150,975,907,000 after purchasing an additional 20,424,207 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in Apple by 116,483.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 569,554,722 shares of the iPhone maker’s stock worth $74,002,245,000 after purchasing an additional 569,066,184 shares during the last quarter. Geode Capital Management LLC raised its position in Apple by 0.9% during the 1st quarter. Geode Capital Management LLC now owns 285,171,112 shares of the iPhone maker’s stock worth $46,918,015,000 after purchasing an additional 2,421,295 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Apple by 3.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 234,017,381 shares of the iPhone maker’s stock worth $38,589,468,000 after purchasing an additional 7,736,013 shares during the last quarter. Institutional investors and hedge funds own 58.51% of the company’s stock.

Apple Trading Up 0.9 %

Apple stock opened at $191.45 on Tuesday. The stock has a market cap of $2.98 trillion, a P/E ratio of 31.28, a PEG ratio of 2.60 and a beta of 1.30. Apple Inc. has a fifty-two week low of $124.17 and a fifty-two week high of $198.23. The firm’s fifty day moving average price is $177.15 and its 200-day moving average price is $181.03. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.94 and a current ratio of 0.99.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, November 2nd. The iPhone maker reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.07. Apple had a net margin of 25.31% and a return on equity of 160.78%. The company had revenue of $89.50 billion during the quarter, compared to analyst estimates of $89.34 billion. During the same period in the previous year, the business earned $1.29 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. Equities research analysts forecast that Apple Inc. will post 6.56 earnings per share for the current fiscal year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 13th were given a $0.24 dividend. The ex-dividend date was Friday, November 10th. This represents a $0.96 annualized dividend and a yield of 0.50%. Apple’s dividend payout ratio (DPR) is presently 15.69%.

Insider Buying and Selling

In related news, SVP Deirdre O’brien sold 65,536 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $172.11, for a total value of $11,279,400.96. Following the completion of the transaction, the senior vice president now directly owns 136,445 shares in the company, valued at $23,483,548.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Deirdre O’brien sold 65,536 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $172.11, for a total value of $11,279,400.96. Following the completion of the transaction, the senior vice president now directly owns 136,445 shares in the company, valued at $23,483,548.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Timothy D. Cook sold 240,569 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $172.50, for a total transaction of $41,498,152.50. Following the sale, the chief executive officer now owns 3,280,053 shares of the company’s stock, valued at $565,809,142.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 567,839 shares of company stock worth $100,675,794. Corporate insiders own 0.06% of the company’s stock.

Analyst Ratings Changes

AAPL has been the subject of several analyst reports. Tigress Financial raised their target price on Apple from $225.00 to $240.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 16th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Apple in a research report on Thursday, September 21st. Oppenheimer lowered their price objective on Apple from $220.00 to $200.00 and set an “outperform” rating for the company in a research report on Monday, October 30th. Piper Sandler Companies lifted their price objective on Apple from $180.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, July 31st. Finally, Bank of America reissued a “neutral” rating and issued a $173.00 price objective on shares of Apple in a research report on Tuesday, October 24th. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $198.25.

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.