Apple Inc. (NASDAQ:AAPL) Insider Daniel J. Riccio Sells 11,949 Shares
Apple Inc. (NASDAQ:AAPL) insider Daniel J. Riccio sold 11,949 shares of the company’s stock in a transaction on Thursday, July 6th. The stock was sold at an average price of $142.86, for a total value of $1,707,034.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Apple Inc. (AAPL) traded up 0.61% during trading on Monday, reaching $145.06. 21,089,536 shares of the company’s stock traded hands. Apple Inc. has a 12 month low of $96.05 and a 12 month high of $156.65. The firm’s 50 day moving average is $150.30 and its 200-day moving average is $137.42. The company has a market capitalization of $756.32 billion, a price-to-earnings ratio of 17.02 and a beta of 1.31.
Apple (NASDAQ:AAPL) last issued its earnings results on Tuesday, May 2nd. The iPhone maker reported $2.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.02 by $0.08. Apple had a net margin of 20.74% and a return on equity of 35.09%. The company had revenue of $52.90 billion for the quarter, compared to the consensus estimate of $52.61 billion. Analysts expect that Apple Inc. will post $8.93 EPS for the current fiscal year.
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Large investors have recently modified their holdings of the stock. Norges Bank acquired a new position in Apple during the fourth quarter worth about $5,625,709,000. Asset Management One Co. Ltd. boosted its position in Apple by 966.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 9,457,769 shares of the iPhone maker’s stock worth $1,096,072,000 after buying an additional 8,571,027 shares in the last quarter. State Street Corp boosted its position in 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 in the last quarter. Glenview Capital Management LLC acquired a new position in Apple during the fourth quarter worth about $365,191,000. Finally, Canada Pension Plan Investment Board boosted its position in Apple by 23.2% in the first quarter. Canada Pension Plan Investment Board now owns 9,289,482 shares of the iPhone maker’s stock worth $1,334,527,000 after buying an additional 1,749,797 shares in the last quarter. Institutional investors own 61.26% of the company’s stock.
A number of brokerages have recently issued reports on AAPL. Argus reaffirmed an “outperform” rating and set a $160.00 price target on shares of Apple in a research report on Monday, May 15th. Hilliard Lyons upped their price target on Apple from $147.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Canaccord Genuity reaffirmed a “buy” rating and set a $180.00 price target (up from $165.00) on shares of Apple in a research report on Tuesday, May 16th. BMO Capital Markets reaffirmed an “outperform” rating and set a $170.00 price target (up from $160.00) on shares of Apple in a research report on Wednesday, May 17th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $177.00 price target (up from $161.00) on shares of Apple in a research report on Wednesday, May 17th. Eleven analysts have rated the stock with a hold rating, thirty-nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $160.92.
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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