Apple Inc. (AAPL) Insider Sells $9,775,063.48 in Stock

Apple Inc. (NASDAQ:AAPL) insider Angela J. Ahrendts sold 63,388 shares of Apple stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $154.21, for a total transaction of $9,775,063.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Apple Inc. (AAPL) opened at 155.30 on Friday. The stock’s 50 day moving average price is $158.00 and its 200 day moving average price is $151.02. Apple Inc. has a 1-year low of $104.08 and a 1-year high of $164.94. The company has a market cap of $802.16 billion, a P/E ratio of 17.63 and a beta of 1.27.

Apple (NASDAQ:AAPL) last posted its quarterly earnings data on Tuesday, August 1st. The iPhone maker reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.10. The company had revenue of $45.41 billion during the quarter, compared to analysts’ expectations of $44.94 billion. Apple had a return on equity of 35.40% and a net margin of 20.87%. Apple’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.42 earnings per share. On average, equities analysts anticipate that Apple Inc. will post $9.01 earnings per share for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of the stock. First National Bank of Mount Dora Trust Investment Services increased its position in Apple by 8.6% during the third quarter. First National Bank of Mount Dora Trust Investment Services now owns 34,987 shares of the iPhone maker’s stock valued at $5,393,000 after acquiring an additional 2,766 shares during the last quarter. Crow Point Partners LLC increased its position in Apple by 100.0% during the third quarter. Crow Point Partners LLC now owns 1,000 shares of the iPhone maker’s stock valued at $153,000 after acquiring an additional 500 shares during the last quarter. Parker Investment Management LLC increased its position in Apple by 2.1% during the third quarter. Parker Investment Management LLC now owns 22,714 shares of the iPhone maker’s stock valued at $3,501,000 after acquiring an additional 470 shares during the last quarter. McQueen Ball & Associates Inc. increased its position in Apple by 2.6% during the third quarter. McQueen Ball & Associates Inc. now owns 37,913 shares of the iPhone maker’s stock valued at $5,843,000 after acquiring an additional 962 shares during the last quarter. Finally, Curbstone Financial Management Corp increased its position in Apple by 89.2% during the third quarter. Curbstone Financial Management Corp now owns 47,132 shares of the iPhone maker’s stock valued at $7,264,000 after acquiring an additional 22,216 shares during the last quarter. Institutional investors own 60.36% of the company’s stock.

A number of equities analysts have commented on the stock. Barclays PLC reaffirmed a “hold” rating and set a $146.00 price objective on shares of Apple in a research report on Monday, September 4th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $190.00 price objective on shares of Apple in a research report on Tuesday, September 5th. Robert W. Baird reaffirmed a “buy” rating and set a $172.00 price objective on shares of Apple in a research report on Tuesday, September 5th. Royal Bank Of Canada lifted their price objective 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. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Apple in a research report on Wednesday, September 6th. Nine equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Apple presently has an average rating of “Buy” and a consensus target price of $189.61.

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)

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