Apple Inc. (AAPL) Short Interest Down 8.1% in November
Apple Inc. (NASDAQ:AAPL) saw a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 39,370,984 shares, a decrease of 8.1% from the November 15th total of 42,832,149 shares. Based on an average daily trading volume, of 25,755,821 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.8% of the company’s shares are sold short.
Several analysts have recently issued reports on AAPL shares. Barclays reissued a “hold” rating and set a $146.00 price target on shares of Apple in a research report on Monday, September 4th. Wells Fargo & Company reissued a “market perform” rating and set a $195.00 price target on shares of Apple in a research report on Tuesday, November 14th. Royal Bank of Canada increased their price target on shares of Apple from $176.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, September 1st. UBS set a $190.00 price target on shares of Apple and gave the stock a “buy” rating in a research report on Monday, December 4th. Finally, Piper Jaffray Companies reissued an “overweight” rating and set a $190.00 price target on shares of Apple in a research report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the stock. Apple currently has an average rating of “Buy” and an average target price of $197.57.
Apple (AAPL) opened at $172.27 on Thursday. The company has a market cap of $886,541.63, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 1.38 and a beta of 1.22. Apple has a one year low of $114.76 and a one year high of $176.24. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.73.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 13th were given a dividend of $0.63 per share. The ex-dividend date was Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.46%. Apple’s dividend payout ratio (DPR) is presently 27.39%.
In other Apple news, insider Johny Srouji sold 10,368 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $174.68, for a total value of $1,811,082.24. Following the transaction, the insider now owns 81,560 shares of the company’s stock, valued at $14,246,900.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel J. Riccio sold 15,641 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $172.35, for a total transaction of $2,695,726.35. Following the completion of the transaction, the insider now directly owns 39,682 shares in the company, valued at approximately $6,839,192.70. The disclosure for this sale can be found here. Insiders sold 232,967 shares of company stock worth $37,944,683 in the last ninety days. 0.08% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Vista Private Wealth Partners. LLC acquired a new stake in shares of Apple during the third quarter worth $329,000. Sage Capital Advisors llc lifted its holdings in Apple by 58.0% in the third quarter. Sage Capital Advisors llc now owns 27,157 shares of the iPhone maker’s stock valued at $4,185,000 after acquiring an additional 9,972 shares during the period. Shelton Capital Management lifted its holdings in Apple by 2.3% in the third quarter. Shelton Capital Management now owns 437,397 shares of the iPhone maker’s stock valued at $67,412,000 after acquiring an additional 9,758 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in Apple by 0.3% in the third quarter. Burgundy Asset Management Ltd. now owns 1,062,892 shares of the iPhone maker’s stock valued at $163,813,000 after acquiring an additional 2,830 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its holdings in Apple by 2.4% in the third quarter. Chicago Partners Investment Group LLC now owns 34,445 shares of the iPhone maker’s stock valued at $5,309,000 after acquiring an additional 804 shares during the period. Institutional investors and hedge funds own 59.78% of the company’s stock.
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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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