Regatta Capital Group LLC Has $24.59 Million Stake in Apple Inc. (NASDAQ:AAPL)

Regatta Capital Group LLC lowered its stake in shares of Apple Inc. (NASDAQ:AAPL) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 127,741 shares of the iPhone maker’s stock after selling 959 shares during the quarter. Apple comprises 6.5% of Regatta Capital Group LLC’s portfolio, making the stock its 3rd largest holding. Regatta Capital Group LLC’s holdings in Apple were worth $24,594,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Kingdom Financial Group LLC. lifted its holdings in shares of Apple by 5.5% during the third quarter. Kingdom Financial Group LLC. now owns 11,464 shares of the iPhone maker’s stock worth $1,963,000 after buying an additional 598 shares during the last quarter. RFG Advisory LLC raised its stake in shares of Apple by 13.6% in the third quarter. RFG Advisory LLC now owns 172,823 shares of the iPhone maker’s stock valued at $29,589,000 after purchasing an additional 20,737 shares in the last quarter. Headinvest LLC raised its stake in shares of Apple by 1.7% in the third quarter. Headinvest LLC now owns 53,155 shares of the iPhone maker’s stock valued at $9,236,000 after purchasing an additional 872 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of Apple by 16.1% in the fourth quarter. Sound Income Strategies LLC now owns 75,110 shares of the iPhone maker’s stock valued at $14,461,000 after purchasing an additional 10,425 shares in the last quarter. Finally, DNB Asset Management AS raised its stake in shares of Apple by 6.9% in the fourth quarter. DNB Asset Management AS now owns 4,307,068 shares of the iPhone maker’s stock valued at $829,240,000 after purchasing an additional 279,311 shares in the last quarter. Institutional investors own 60.41% of the company’s stock.

Insider Transactions at Apple

In other news, CEO Timothy D. Cook sold 99,183 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $170.03, for a total transaction of $16,864,085.49. Following the sale, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at $574,260,512.21. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Timothy D. Cook sold 99,183 shares of Apple stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $170.03, for a total value of $16,864,085.49. Following the sale, the chief executive officer now owns 3,377,407 shares of the company’s stock, valued at approximately $574,260,512.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Luca Maestri sold 53,194 shares of Apple stock in a transaction that occurred on Thursday, April 11th. The shares were sold at an average price of $174.12, for a total value of $9,262,139.28. Following the completion of the sale, the chief financial officer now directly owns 107,788 shares in the company, valued at approximately $18,768,046.56. The disclosure for this sale can be found here. Insiders have sold a total of 366,271 shares of company stock valued at $63,653,887 over the last 90 days. 0.06% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. UBS Group reiterated a “hold” rating and set a $190.00 price objective on shares of Apple in a research note on Monday, March 25th. Rosenblatt Securities reiterated a “neutral” rating and set a $189.00 price objective on shares of Apple in a research note on Tuesday, March 5th. DA Davidson assumed coverage on Apple in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $166.00 price objective for the company. Morgan Stanley reiterated an “overweight” rating and set a $220.00 price objective on shares of Apple in a research note on Friday, March 22nd. Finally, Robert W. Baird increased their price objective on Apple from $186.00 to $200.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $203.34.

Apple Trading Down 1.2 %

NASDAQ:AAPL opened at $165.00 on Friday. Apple Inc. has a 1-year low of $162.80 and a 1-year high of $199.62. The business’s 50-day moving average price is $174.67 and its two-hundred day moving average price is $182.11. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $2.55 trillion, a price-to-earnings ratio of 25.70, a PEG ratio of 2.02 and a beta of 1.27.

Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, February 1st. The iPhone maker reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The company had revenue of $119.60 billion for the quarter, compared to analyst estimates of $117.99 billion. Apple had a return on equity of 156.04% and a net margin of 26.16%. Apple’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.88 earnings per share. On average, equities analysts expect that Apple Inc. will post 6.54 earnings per share for the current year.

Apple Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Monday, February 12th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Friday, February 9th. Apple’s dividend payout ratio is currently 14.95%.

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.