Insider Selling: Apple Inc. (AAPL) Insider Sells 65,361 Shares of Stock
Apple Inc. (NASDAQ:AAPL) insider Eduardo H. Cue sold 65,361 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $171.60, for a total value of $11,215,947.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Apple Inc. (AAPL) traded down $1.25 during trading on Monday, reaching $169.80. The company’s stock had a trading volume of 32,522,553 shares, compared to its average volume of 27,264,445. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73. Apple Inc. has a twelve month low of $108.25 and a twelve month high of $176.24. The company has a market capitalization of $871,810.00, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 1.37 and a beta of 1.24.
Apple (NASDAQ:AAPL) last released its earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The business had revenue of $52.58 billion for the quarter, compared to the consensus estimate of $50.71 billion. During the same period in the previous year, the company posted $1.50 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. equities analysts expect that Apple Inc. will post 11.18 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.48%. The ex-dividend date was Friday, November 10th. Apple’s dividend payout ratio (DPR) is 27.42%.
Several large investors have recently made changes to their positions in AAPL. Blue Sky Asset Management LLC bought a new position in Apple in the second quarter valued at about $108,000. Hefty Wealth Partners lifted its holdings in Apple by 27.6% in the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after acquiring an additional 174 shares during the period. FNY Managed Accounts LLC lifted its holdings in Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after acquiring an additional 716 shares during the period. American Beacon Advisors Inc. bought a new position in Apple in the first quarter valued at about $117,000. Finally, Private Vista LLC bought a new position in Apple in the second quarter valued at about $122,000. 59.56% of the stock is currently owned by hedge funds and other institutional investors.
AAPL has been the topic of several research analyst reports. Barclays reissued a “hold” rating and set a $146.00 target price on shares of Apple in a research note on Monday, September 4th. Royal Bank Of Canada reissued an “outperform” rating and set a $180.00 target price on shares of Apple in a research note on Monday, September 11th. Morgan Stanley reissued an “overweight” rating and set a $194.00 target price (up from $182.00) on shares of Apple in a research note on Tuesday, September 12th. Mizuho set a $160.00 target price on Apple and gave the company a “hold” rating in a research note on Wednesday, October 18th. Finally, Vetr cut Apple from a “buy” rating to a “hold” rating and set a $178.34 target price on the stock. in a research note on Friday. Seven investment analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $200.27.
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Apple Company Profile
Apple Inc (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings.
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