Insider Selling: Arthur D. Levinson Sells 70,000 Shares of Apple Stock (AAPL)
Apple (NASDAQ:AAPL) Director Arthur D. Levinson sold 70,000 shares of Apple stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $94.49, for a total transaction of $6,614,300.00. Following the transaction, the director now directly owns 1,138,886 shares in the company, valued at approximately $107,613,338. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on AAPL shares. Analysts at Nomura reiterated a “hold” rating on shares of Apple in a research note on Wednesday, July 23rd. They now have a $95.00 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of Apple from $102.00 to $104.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Apple in a research note on Wednesday, July 23rd. They now have a $95.00 price target on the stock, up previously from $88.71. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty-three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $101.30.
Apple (NASDAQ:AAPL) traded down 0.02% during mid-day trading on Tuesday, hitting $95.97. The stock had a trading volume of 33,795,352 shares. Apple has a one year low of $63.8886 and a one year high of $99.44. The stock’s 50-day moving average is $94.83 and its 200-day moving average is $84.18. The company has a market cap of $574.7 billion and a price-to-earnings ratio of 15.48.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.06. The company had revenue of $37.43 billion for the quarter, compared to the consensus estimate of $37.80 billion. During the same quarter in the previous year, the company posted $7.47 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts expect that Apple will post $6.33 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Stockholders of record on Monday, August 11th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, August 7th.
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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