Apple Inc. (NASDAQ:AAPL) SVP Johny Srouji sold 10,000 shares of Apple stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $153.20, for a total value of $1,532,000.00. Following the transaction, the senior vice president now owns 96,738 shares in the company, valued at approximately $14,820,261.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Apple Inc. (NASDAQ:AAPL) traded down 0.30% during mid-day trading on Wednesday, hitting $153.34. The company had a trading volume of 19,219,154 shares. The company has a 50 day moving average of $147.47 and a 200 day moving average of $130.57. Apple Inc. has a 1-year low of $91.50 and a 1-year high of $156.65. The firm has a market capitalization of $799.49 billion, a PE ratio of 17.99 and a beta of 1.26.

Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, May 2nd. The iPhone maker reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.08. The company had revenue of $52.90 billion during the quarter, compared to the consensus estimate of $52.61 billion. Apple had a net margin of 20.73% and a return on equity of 34.94%. Analysts predict that Apple Inc. will post $8.94 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Apple (NASDAQ:AAPL)

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. Investors of record on Monday, May 15th were paid a $0.63 dividend. This is an increase from Apple’s previous quarterly dividend of $0.57. The ex-dividend date was Thursday, May 11th. This represents a $2.52 dividend on an annualized basis and a yield of 1.64%. Apple’s payout ratio is 27.31%.

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Several equities analysts have recently weighed in on the company. William Blair reiterated an “outperform” rating on shares of Apple in a report on Tuesday, February 7th. Keefe, Bruyette & Woods set a $170.00 price objective on Apple and gave the company a “buy” rating in a report on Monday. Piper Jaffray Companies reiterated an “overweight” rating and set a $155.00 price objective on shares of Apple in a report on Tuesday, January 24th. Stifel Nicolaus reiterated a “hold” rating and set a $130.00 price objective on shares of Apple in a report on Friday, March 3rd. Finally, Royal Bank of Canada reiterated an “in-line” rating and set a $125.00 price objective on shares of Apple in a report on Monday, January 30th. Nine investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $157.06.

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Apple by 1.8% in the first quarter. Vanguard Group Inc. now owns 343,783,273 shares of the iPhone maker’s stock worth $49,387,905,000 after buying an additional 6,237,609 shares during the period. State Street Corp increased its position in shares of Apple by 2.0% in the fourth quarter. State Street Corp now owns 219,739,579 shares of the iPhone maker’s stock worth $25,450,260,000 after buying an additional 4,301,005 shares during the period. FMR LLC increased its position in shares of Apple by 3.7% in the first quarter. FMR LLC now owns 163,812,996 shares of the iPhone maker’s stock worth $23,533,376,000 after buying an additional 5,830,423 shares during the period. Geode Capital Management LLC increased its position in shares of Apple by 6.9% in the first quarter. Geode Capital Management LLC now owns 54,540,368 shares of the iPhone maker’s stock worth $7,824,791,000 after buying an additional 3,531,050 shares during the period. Finally, Norges Bank acquired a new position in shares of Apple during the fourth quarter worth approximately $5,625,709,000. 58.76% of the stock is owned by institutional investors.

About Apple

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.

12 Month Chart for NASDAQ:AAPL

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