Apple Inc. (NASDAQ:AAPL) insider Daniel J. Riccio sold 11,949 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $155.27, for a total transaction of $1,855,321.23. Following the sale, the insider now owns 23,998 shares in the company, valued at $3,726,169.46. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Apple Inc. (NASDAQ:AAPL) traded up 0.34% during trading on Friday, hitting $153.06. 26,960,788 shares of the stock were exchanged. The stock has a market cap of $798.03 billion, a P/E ratio of 17.96 and a beta of 1.26. The stock has a 50-day moving average of $146.64 and a 200 day moving average of $129.49. Apple Inc. has a 12-month low of $91.50 and a 12-month high of $156.65.
Apple (NASDAQ:AAPL) last issued its quarterly earnings data on Tuesday, May 2nd. The iPhone maker reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.08. Apple had a net margin of 20.73% and a return on equity of 34.94%. The business had revenue of $52.90 billion for the quarter, compared to analysts’ expectations of $52.61 billion. Equities analysts predict that Apple Inc. will post $8.94 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 18th. Investors of record on Monday, May 15th were paid a dividend of $0.63 per share. This is a boost from Apple’s previous quarterly dividend of $0.57. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend was Thursday, May 11th. Apple’s payout ratio is currently 27.31%.
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Several large investors have recently modified their holdings of the stock. Cubic Asset Management LLC boosted its stake in shares of Apple by 0.8% in the third quarter. Cubic Asset Management LLC now owns 52,327 shares of the iPhone maker’s stock worth $5,916,000 after buying an additional 440 shares in the last quarter. Denali Advisors LLC boosted its stake in shares of Apple by 113.8% in the third quarter. Denali Advisors LLC now owns 67,343 shares of the iPhone maker’s stock worth $7,613,000 after buying an additional 35,843 shares in the last quarter. Orinda Asset Management LLC boosted its stake in shares of Apple by 131.7% in the third quarter. Orinda Asset Management LLC now owns 3,846 shares of the iPhone maker’s stock worth $435,000 after buying an additional 2,186 shares in the last quarter. Brouwer & Janachowski LLC boosted its stake in shares of Apple by 2.7% in the third quarter. Brouwer & Janachowski LLC now owns 3,073 shares of the iPhone maker’s stock worth $347,000 after buying an additional 80 shares in the last quarter. Finally, Rosenbaum Jay D. boosted its stake in shares of Apple by 0.3% in the third quarter. Rosenbaum Jay D. now owns 15,095 shares of the iPhone maker’s stock worth $1,707,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 58.76% of the company’s stock.
AAPL has been the topic of a number of recent analyst reports. Oppenheimer Holdings Inc. reissued a “” rating on shares of Apple in a research report on Wednesday, February 22nd. UBS Group AG increased their price objective on shares of Apple from $165.00 to $200.00 in a research report on Sunday, April 2nd. Sanford C. Bernstein set a $140.00 price objective on shares of Apple and gave the stock a “buy” rating in a research report on Monday, January 23rd. Bank of America Corp increased their price objective on shares of Apple from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, January 19th. Finally, Vetr lowered shares of Apple from a “strong-buy” rating to a “buy” rating and set a $134.63 price objective on the stock. in a research report on Wednesday, January 25th. Nine equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $156.06.
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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