Apple Inc. (NASDAQ:AAPL) insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $172.35, for a total transaction of $2,695,726.35. Following the transaction, the insider now owns 39,682 shares of the company’s stock, valued at approximately $6,839,192.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Apple Inc. (NASDAQ:AAPL) traded up $2.02 on Thursday, hitting $171.10. The stock had a trading volume of 23,616,680 shares, compared to its average volume of 27,238,994. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73. Apple Inc. has a 12 month low of $108.25 and a 12 month high of $176.24. The firm has a market cap of $878,480.00, a price-to-earnings ratio of 18.62, a P/E/G ratio of 1.38 and a beta of 1.25.

Apple (NASDAQ:AAPL) last announced its quarterly earnings data on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.20. Apple had a return on equity of 36.29% and a net margin of 21.09%. The business had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. During the same period in the prior year, the company earned $1.50 EPS. Apple’s revenue for the quarter was up 12.2% on a year-over-year basis. equities analysts anticipate that Apple Inc. will post 11.15 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, November 13th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $2.52 annualized dividend and a dividend yield of 1.47%. Apple’s dividend payout ratio is currently 27.42%.

TRADEMARK VIOLATION WARNING: “Insider Selling: Apple Inc. (AAPL) Insider Sells 15,641 Shares of Stock” was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.americanbankingnews.com/2017/11/16/insider-selling-apple-inc-aapl-insider-sells-15641-shares-of-stock.html.

Several equities analysts have recently commented on AAPL shares. UBS AG restated a “buy” rating and set a $170.00 price target on shares of Apple in a research report on Monday, July 31st. Wells Fargo & Company restated a “market perform” rating and set a $140.00 price target on shares of Apple in a research report on Saturday, July 22nd. KeyCorp reiterated an “equal weight” rating on shares of Apple in a research report on Friday, August 4th. Barclays PLC reiterated a “hold” rating and issued a $146.00 target price on shares of Apple in a research report on Monday, September 4th. Finally, Royal Bank Of Canada increased their target price on shares of Apple from $176.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, September 1st. Seven analysts have rated the stock with a hold rating and forty-six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $200.12.

Hedge funds have recently made changes to their positions in the stock. Saratoga Research & Investment Management lifted its position in shares of Apple by 0.6% during the 1st quarter. Saratoga Research & Investment Management now owns 667,132 shares of the iPhone maker’s stock worth $95,840,000 after buying an additional 4,137 shares during the last quarter. Green Square Capital LLC lifted its position in shares of Apple by 6.7% during the 1st quarter. Green Square Capital LLC now owns 87,456 shares of the iPhone maker’s stock worth $12,564,000 after buying an additional 5,491 shares during the last quarter. Headinvest LLC raised its position in Apple by 2.5% in the second quarter. Headinvest LLC now owns 16,295 shares of the iPhone maker’s stock valued at $2,347,000 after purchasing an additional 390 shares during the last quarter. YHB Investment Advisors Inc. raised its position in Apple by 7.6% in the second quarter. YHB Investment Advisors Inc. now owns 136,189 shares of the iPhone maker’s stock valued at $19,614,000 after purchasing an additional 9,663 shares during the last quarter. Finally, Lederer & Associates Investment Counsel CA raised its position in Apple by 2.1% in the second quarter. Lederer & Associates Investment Counsel CA now owns 37,336 shares of the iPhone maker’s stock valued at $5,377,000 after purchasing an additional 779 shares during the last quarter. Institutional investors and hedge funds own 60.38% of the company’s stock.

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.

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

Receive News & Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related companies with MarketBeat.com's FREE daily email newsletter.