Regency Capital Management Inc. DE Sells 3,793 Shares of Apple Inc. (NASDAQ:AAPL)

Regency Capital Management Inc. DE trimmed its stake in shares of Apple Inc. (NASDAQ:AAPLGet Rating) by 88.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 507 shares of the iPhone maker’s stock after selling 3,793 shares during the period. Regency Capital Management Inc. DE’s holdings in Apple were worth $69,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in AAPL. CFS Investment Advisory Services LLC raised its holdings in shares of Apple by 18,263.5% during the first quarter. CFS Investment Advisory Services LLC now owns 7,457,053 shares of the iPhone maker’s stock valued at $47,000 after purchasing an additional 7,416,445 shares during the last quarter. Spence Asset Management purchased a new position in shares of Apple during the second quarter valued at approximately $49,000. HBC Financial Services PLLC raised its holdings in shares of Apple by 21.7% during the first quarter. HBC Financial Services PLLC now owns 448 shares of the iPhone maker’s stock valued at $49,000 after purchasing an additional 80 shares during the last quarter. Emerson Wealth LLC raised its holdings in shares of Apple by 27.0% during the second quarter. Emerson Wealth LLC now owns 518 shares of the iPhone maker’s stock valued at $71,000 after purchasing an additional 110 shares during the last quarter. Finally, Darrow Company Inc. purchased a new position in shares of Apple during the second quarter valued at approximately $107,000. 57.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Deirdre O’brien sold 176,299 shares of the stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $142.16, for a total value of $25,062,665.84. Following the sale, the senior vice president now owns 136,290 shares of the company’s stock, valued at $19,374,986.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 360,651 shares of company stock valued at $53,703,645. 0.06% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AAPL shares. Itaú Unibanco started coverage on shares of Apple in a report on Tuesday, July 26th. They set an “underperform” rating and a $136.00 target price for the company. set a $175.00 target price on shares of Apple in a report on Friday, July 29th. Credit Suisse Group set a $184.00 target price on shares of Apple in a report on Thursday, November 17th. Evercore ISI upped their target price on shares of Apple from $185.00 to $190.00 and gave the company an “outperform” rating in a report on Tuesday, September 20th. Finally, Citigroup reaffirmed a “buy” rating and set a $175.00 target price on shares of Apple in a report on Tuesday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Apple has an average rating of “Moderate Buy” and an average price target of $176.26.

Apple Price Performance

AAPL stock opened at $148.01 on Tuesday. Apple Inc. has a 52 week low of $129.04 and a 52 week high of $182.94. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.95. The company has a fifty day simple moving average of $146.78 and a two-hundred day simple moving average of $149.71. The firm has a market capitalization of $2.35 trillion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 1.93 and a beta of 1.25.

Apple (NASDAQ:AAPLGet Rating) last released its quarterly earnings data on Thursday, October 27th. The iPhone maker reported $1.29 EPS for the quarter, beating the consensus estimate of $1.27 by $0.02. Apple had a net margin of 25.31% and a return on equity of 160.90%. The business had revenue of $90.15 billion during the quarter, compared to analyst estimates of $88.77 billion. During the same quarter last year, the business earned $1.24 earnings per share. Apple’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts anticipate that Apple Inc. will post 6.26 earnings per share for the current fiscal year.

Apple Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Monday, November 7th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, November 4th. Apple’s dividend payout ratio is currently 15.06%.

Apple Profile

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Apple Inc designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. In addition, the company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; AirPods Max, an over-ear wireless headphone; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, and iPod touch.

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Institutional Ownership by Quarter for Apple (NASDAQ:AAPL)

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