Apple SVP D Bruce Sewell Sells 12,314 Shares (AAPL)
Apple (NASDAQ:AAPL) SVP D Bruce Sewell sold 12,314 shares of Apple stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $489.17, for a total value of $6,023,639.38. Following the completion of the transaction, the senior vice president now directly owns 10 shares of the company’s stock, valued at approximately $4,892. The sale was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Apple (NASDAQ:AAPL) from $550.00 to $560.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Apple (NASDAQ:AAPL) from $525.00 to $540.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Apple (NASDAQ:AAPL) from $530.00 to $560.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock.
Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, forty have issued a buy rating and three have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $551.02.
Apple (NASDAQ:AAPL) traded down 0.31% on Tuesday, hitting $489.10. 13,012,249 shares of the company’s stock traded hands. Apple has a one year low of $385.10 and a one year high of $692.78. The stock has a 50-day moving average of $483.9 and a 200-day moving average of $446.. The company has a market cap of $444.3 billion and a price-to-earnings ratio of 12.23. Apple also saw some unusual options trading on Monday. Investors acquired 280,512 call options on the company. This is an increase of 653% compared to the typical daily volume of 37,232 call options.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $7.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.28 by $0.19. The company had revenue of $35.32 billion for the quarter, compared to the consensus estimate of $35.01 billion. During the same quarter in the previous year, the company posted $9.32 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Analysts expect that Apple will post $39.17 EPS for the current fiscal year.
Apple Inc (NASDAQ:AAPL) 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.
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