Apple Inc. (NASDAQ:AAPL) insider Johny Srouji sold 5,892 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $161.00, for a total value of $948,612.00. Following the completion of the sale, the insider now owns 70,358 shares of the company’s stock, valued at $11,327,638. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Johny Srouji also recently made the following trade(s):

  • On Wednesday, August 16th, Johny Srouji sold 10,469 shares of Apple stock. The shares were sold at an average price of $162.20, for a total value of $1,698,071.80.

Apple Inc. (AAPL) traded up 0.27% on Wednesday, reaching $163.35. 27,251,329 shares of the company’s stock were exchanged. The company has a market capitalization of $843.74 billion, a PE ratio of 18.55 and a beta of 1.31. The company has a 50 day moving average price of $153.93 and a 200-day moving average price of $146.76. Apple Inc. has a 1-year low of $102.53 and a 1-year high of $163.89.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.10. The firm had revenue of $45.41 billion during the quarter, compared to the consensus estimate of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.42 EPS. On average, equities research analysts anticipate that Apple Inc. will post $9.02 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Investors of record on Monday, August 14th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend was Thursday, August 10th. Apple’s dividend payout ratio is currently 28.64%.

Apple announced that its Board of Directors has initiated a stock repurchase program on Tuesday, May 2nd that allows the company to repurchase $50.00 billion in shares. This repurchase authorization allows the iPhone maker to purchase up to 6.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

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Large investors have recently made changes to their positions in the company. Blue Sky Asset Management LLC purchased a new position in shares of Apple during the second quarter valued at $108,000. Hefty Wealth Partners raised its position in shares of Apple by 27.6% in the second quarter. Hefty Wealth Partners now owns 804 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 174 shares during the last quarter. FNY Managed Accounts LLC raised its position in shares of Apple by 852.4% in the second quarter. FNY Managed Accounts LLC now owns 800 shares of the iPhone maker’s stock valued at $115,000 after buying an additional 716 shares during the last quarter. American Beacon Advisors Inc. purchased a new position in shares of Apple during the first quarter valued at $117,000. Finally, Private Vista LLC purchased a new position in shares of Apple during the second quarter valued at $122,000. 60.43% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have weighed in on AAPL shares. Keefe, Bruyette & Woods set a $170.00 price target on Apple and gave the stock a “buy” rating in a report on Monday, May 22nd. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $170.00 price target on shares of Apple in a report on Wednesday, June 21st. Nomura reiterated a “buy” rating and set a $165.00 price target on shares of Apple in a report on Wednesday, July 5th. Barclays PLC set a $123.00 price target on Apple and gave the stock a “neutral” rating in a report on Wednesday, May 3rd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $177.00 price target (up from $161.00) on shares of Apple in a report on Wednesday, May 17th. Eleven equities research analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $168.59.

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.

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

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