Daniel J. Riccio Sells 4,291 Shares of Apple Stock (AAPL)
Apple (NASDAQ:AAPL) SVP Daniel J. Riccio sold 4,291 shares of Apple stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $91.26, for a total transaction of $391,596.66. Following the completion of the sale, the senior vice president now directly owns 4,291 shares of the company’s stock, valued at approximately $391,597. The sale was disclosed in a document filed with the SEC, which is available at this link.
Apple (NASDAQ:AAPL) traded up 0.60% during mid-day trading on Thursday, hitting $90.90. The stock had a trading volume of 32,629,360 shares. Apple has a 52-week low of $55.5529 and a 52-week high of $95.05. The stock’s 50-day moving average is $89.4 and its 200-day moving average is $80.40. The company has a market cap of $548.1 billion and a P/E ratio of 15.16. Apple also was the target of a large increase in short interest during the month of June. As of June 13th, there was short interest totalling 125,894,855 shares, an increase of 7.0% from the May 30th total of 117,636,169 shares. Approximately 2.1% of the company’s shares are sold short. Based on an average daily trading volume, of 70,638,571 shares, the days-to-cover ratio is currently 1.8 days.
Apple (NASDAQ:AAPL) last announced its earnings results on Wednesday, April 23rd. The company reported $11.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.13 by $1.49. The company had revenue of $45.65 billion for the quarter, compared to the consensus estimate of $43.55 billion. During the same quarter in the previous year, the company posted $10.09 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts expect that Apple will post $6.31 EPS for the current fiscal year.
AAPL has been the subject of a number of recent research reports. Analysts at Credit Suisse raised their price target on shares of Apple from $85.71 to $96.00 in a research note on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Needham & Company LLC raised their price target on shares of Apple from $86.32 to $97.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Apple from $89.00 to $108.00 in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $95.92.
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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