Apple Inc. (NASDAQ:AAPL) posted its quarterly earnings data on Thursday. The iPhone maker reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.20, Bloomberg Earnings reports. The business had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. Apple had a net margin of 20.87% and a return on equity of 35.40%. The company’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.49%. Apple’s dividend payout ratio (DPR) is currently 28.64%.

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In related news, insider Philip W. Schiller sold 56,808 shares of Apple stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $154.70, for a total transaction of $8,788,197.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Angela J. Ahrendts sold 63,388 shares of Apple stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $154.21, for a total value of $9,775,063.48. The disclosure for this sale can be found here. Insiders sold 541,177 shares of company stock valued at $85,864,804 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.

A number of large investors have recently bought and sold shares of AAPL. Beach Investment Management LLC. boosted its stake in Apple by 1,517.7% during the second quarter. Beach Investment Management LLC. now owns 178,109 shares of the iPhone maker’s stock valued at $25,651,000 after buying an additional 167,099 shares during the period. Catalyst Capital Advisors LLC boosted its stake in Apple by 39.8% during the second quarter. Catalyst Capital Advisors LLC now owns 69,900 shares of the iPhone maker’s stock valued at $10,067,000 after buying an additional 19,900 shares during the period. IFC Holdings Incorporated FL boosted its stake in Apple by 1.1% during the second quarter. IFC Holdings Incorporated FL now owns 85,072 shares of the iPhone maker’s stock valued at $12,224,000 after buying an additional 885 shares during the period. Wedbush Securities Inc. boosted its stake in Apple by 3.6% during the second quarter. Wedbush Securities Inc. now owns 156,649 shares of the iPhone maker’s stock valued at $22,561,000 after buying an additional 5,435 shares during the period. Finally, Berkeley Capital Partners LLC boosted its stake in Apple by 0.6% during the second quarter. Berkeley Capital Partners LLC now owns 4,369 shares of the iPhone maker’s stock valued at $629,000 after buying an additional 26 shares during the period. 60.33% of the stock is owned by institutional investors.

A number of equities research analysts have weighed in on AAPL shares. Instinet reissued a “buy” rating and issued a $165.00 price target on shares of Apple in a report on Wednesday, July 5th. Nomura reissued a “buy” rating and issued a $165.00 price target on shares of Apple in a report on Wednesday, July 5th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $163.00 price target on shares of Apple in a report on Thursday, July 6th. Drexel Hamilton reissued a “buy” rating and issued a $202.00 price target on shares of Apple in a report on Thursday, July 6th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $170.00 price target on shares of Apple in a report on Sunday, July 9th. Eight research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $193.36.

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.

Earnings History for Apple (NASDAQ:AAPL)

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