Regency Capital Management Inc. DE Has $771,000 Position in Apple Inc. (NASDAQ:AAPL)

Regency Capital Management Inc. DE grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 111.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,004 shares of the iPhone maker’s stock after acquiring an additional 2,114 shares during the quarter. Regency Capital Management Inc. DE’s holdings in Apple were worth $771,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AAPL. Morgan Stanley grew its stake in shares of Apple by 1.0% in the 3rd quarter. Morgan Stanley now owns 206,732,960 shares of the iPhone maker’s stock valued at $35,394,751,000 after buying an additional 2,018,010 shares during the period. Barclays PLC grew its stake in shares of Apple by 6.0% in the 3rd quarter. Barclays PLC now owns 49,759,061 shares of the iPhone maker’s stock valued at $8,519,244,000 after buying an additional 2,826,709 shares during the period. California Public Employees Retirement System grew its stake in shares of Apple by 4.6% in the 3rd quarter. California Public Employees Retirement System now owns 38,579,495 shares of the iPhone maker’s stock valued at $6,605,195,000 after buying an additional 1,696,576 shares during the period. Nordea Investment Management AB grew its stake in shares of Apple by 1.7% in the 3rd quarter. Nordea Investment Management AB now owns 17,519,918 shares of the iPhone maker’s stock valued at $3,020,609,000 after buying an additional 287,329 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Apple by 7.5% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 14,616,794 shares of the iPhone maker’s stock valued at $2,502,541,000 after buying an additional 1,018,430 shares during the period. 60.41% of the stock is currently owned by institutional investors and hedge funds.

Apple Stock Performance

NASDAQ:AAPL opened at $169.89 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.02 and a current ratio of 1.07. Apple Inc. has a 52-week low of $162.80 and a 52-week high of $199.62. The firm has a market cap of $2.62 trillion, a price-to-earnings ratio of 26.46, a PEG ratio of 2.01 and a beta of 1.27. The business’s fifty day moving average is $173.30 and its 200 day moving average is $181.85.

Apple (NASDAQ:AAPL) last announced its earnings results on Thursday, February 1st. The iPhone maker reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.09 by $0.09. The business 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%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.88 EPS. Research analysts predict that Apple Inc. will post 6.54 EPS for the current year.

Apple Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, February 12th were paid a $0.24 dividend. The ex-dividend date was Friday, February 9th. This represents a $0.96 dividend on an annualized basis and a yield of 0.57%. Apple’s dividend payout ratio is currently 14.95%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AAPL. Needham & Company LLC restated a “buy” rating and issued a $220.00 target price on shares of Apple in a research note on Tuesday, April 16th. DA Davidson assumed coverage on shares of Apple in a research report on Wednesday, January 3rd. They issued a “neutral” rating and a $166.00 price target on the stock. Redburn Atlantic downgraded Apple from a “buy” rating to a “neutral” rating and set a $200.00 price objective for the company. in a research note on Wednesday, January 10th. Oppenheimer reaffirmed an “outperform” rating and set a $200.00 target price on shares of Apple in a research report on Friday, February 2nd. Finally, Rosenblatt Securities reiterated a “neutral” rating and set a $189.00 price target on shares of Apple in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $203.05.

Insiders Place Their Bets

In other Apple news, SVP Deirdre O’brien sold 54,732 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $168.91, for a total value of $9,244,782.12. Following the transaction, the senior vice president now directly owns 136,572 shares in the company, valued at approximately $23,068,376.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Arthur D. Levinson sold 100,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $180.94, for a total transaction of $18,094,000.00. Following the transaction, the director now directly owns 4,434,576 shares in the company, valued at approximately $802,392,181.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Deirdre O’brien sold 54,732 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $168.91, for a total value of $9,244,782.12. Following the transaction, the senior vice president now owns 136,572 shares in the company, valued at $23,068,376.52. The disclosure for this sale can be found here. Insiders have sold 366,271 shares of company stock worth $63,653,887 in the last ninety days. 0.06% of the stock is currently owned by insiders.

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.