Insider Selling: Apple Inc. (AAPL) Insider Sells 15,641 Shares of Stock
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%.
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.
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