Regatta Capital Group LLC Has $30.64 Million Holdings in Apple Inc. (NASDAQ:AAPL)

Regatta Capital Group LLC grew its holdings in shares of Apple Inc. (NASDAQ:AAPL) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 131,520 shares of the iPhone maker’s stock after purchasing an additional 2,924 shares during the quarter. Apple comprises about 5.9% of Regatta Capital Group LLC’s investment portfolio, making the stock its 3rd biggest position. Regatta Capital Group LLC’s holdings in Apple were worth $30,644,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Hershey Financial Advisers LLC bought a new stake in shares of Apple in the second quarter valued at approximately $42,000. Christopher J. Hasenberg Inc increased its holdings in shares of Apple by 88.9% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 306 shares of the iPhone maker’s stock worth $69,000 after purchasing an additional 144 shares during the period. Hoese & Co LLP raised its position in shares of Apple by 6.7% during the second quarter. Hoese & Co LLP now owns 912 shares of the iPhone maker’s stock valued at $175,000 after buying an additional 57 shares during the last quarter. Sage Financial Group Inc. bought a new stake in shares of Apple in the second quarter valued at about $206,000. Finally, Benchmark Wealth Management LLC acquired a new stake in Apple during the second quarter worth about $208,000. 60.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Oppenheimer reaffirmed a “buy” rating and issued a $250.00 price target on shares of Apple in a report on Tuesday, October 1st. Morgan Stanley restated an “overweight” rating and issued a $273.00 target price on shares of Apple in a research note on Monday, November 25th. Moffett Nathanson dropped their price objective on shares of Apple from $211.00 to $202.00 and set a “neutral” rating for the company in a research note on Tuesday, November 19th. Citigroup upped their target price on shares of Apple to $185.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Rosenblatt Securities lifted their price objective on Apple from $261.00 to $262.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.68.

Apple Stock Up 0.0 %

Shares of NASDAQ AAPL opened at $243.04 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $3.67 trillion, a PE ratio of 39.97, a price-to-earnings-growth ratio of 2.38 and a beta of 1.23. The firm’s 50-day moving average is $230.23 and its 200-day moving average is $221.05. Apple Inc. has a 1 year low of $164.07 and a 1 year high of $244.54.

Apple (NASDAQ:AAPL) last released its earnings results on Thursday, October 31st. The iPhone maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. The firm had revenue of $94.93 billion during the quarter, compared to analyst estimates of $94.52 billion. Apple had a net margin of 23.97% and a return on equity of 152.94%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.46 EPS. Equities analysts expect that Apple Inc. will post 7.43 EPS for the current year.

Apple Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 11th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.41%. The ex-dividend date was Friday, November 8th. Apple’s payout ratio is 16.45%.

Insider Transactions at Apple

In other Apple news, COO Jeffrey E. Williams sold 59,730 shares of Apple stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $226.86, for a total transaction of $13,550,347.80. Following the transaction, the chief operating officer now directly owns 489,944 shares in the company, valued at approximately $111,148,695.84. The trade was a 10.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Chris Kondo sold 4,130 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $228.87, for a total value of $945,233.10. Following the completion of the transaction, the insider now directly owns 15,419 shares of the company’s stock, valued at approximately $3,528,946.53. The trade was a 21.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 408,170 shares of company stock worth $92,007,745. 0.06% of the stock is currently owned by company insiders.

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.