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 Apple stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $169.69, for a total value of $2,654,121.29. Following the sale, the insider now directly owns 17,341 shares of the company’s stock, valued at $2,942,594.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Apple Inc. (NASDAQ AAPL) traded up $3.30 on Monday, reaching $172.67. The company’s stock had a trading volume of 35,020,950 shares, compared to its average volume of 27,279,818. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.28 and a quick ratio of 1.23. The firm has a market cap of $869,600.00, a P/E ratio of 18.41, a PEG ratio of 1.36 and a beta of 1.24. Apple Inc. has a 52 week low of $112.49 and a 52 week high of $176.24.
Apple (NASDAQ:AAPL) last issued its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.20. The company had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. Apple had a return on equity of 36.29% and a net margin of 21.09%. Apple’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.50 EPS. research analysts anticipate that Apple Inc. will post 11.18 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of AAPL. Berkshire Hathaway Inc. grew its stake in shares of Apple by 0.6% during the 2nd quarter. Berkshire Hathaway Inc. now owns 130,191,960 shares of the iPhone maker’s stock valued at $18,750,246,000 after buying an additional 834,854 shares during the period. Capital Research Global Investors grew its stake in shares of Apple by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 29,449,961 shares of the iPhone maker’s stock valued at $4,241,383,000 after buying an additional 3,845,363 shares during the period. Legal & General Group Plc grew its stake in shares of Apple by 1.1% during the 3rd quarter. Legal & General Group Plc now owns 26,393,202 shares of the iPhone maker’s stock valued at $4,067,559,000 after buying an additional 287,027 shares during the period. Janus Henderson Group PLC grew its stake in shares of Apple by 9.3% during the 3rd quarter. Janus Henderson Group PLC now owns 21,854,159 shares of the iPhone maker’s stock valued at $3,367,571,000 after buying an additional 1,850,572 shares during the period. Finally, Swiss National Bank grew its stake in shares of Apple by 0.4% during the 3rd quarter. Swiss National Bank now owns 19,248,516 shares of the iPhone maker’s stock valued at $2,966,581,000 after buying an additional 79,100 shares during the period. Institutional investors own 59.78% of the company’s stock.
A number of equities research analysts have weighed in on AAPL shares. Barclays reaffirmed a “hold” rating and set a $146.00 target price on shares of Apple in a research report on Monday, September 4th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $195.00 target price on shares of Apple in a research report on Tuesday, November 14th. Royal Bank of Canada lifted their target price on Apple from $176.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, September 1st. UBS set a $190.00 target price on Apple and gave the company a “buy” rating in a research report on Monday, December 4th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $190.00 target price on shares of Apple in a research report on Tuesday, September 5th. Seven equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $200.27.
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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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