Apple Inc. (AAPL) Insider Johny Srouji Sells 5,892 Shares
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.
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.
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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