Apple Inc. (NASDAQ:AAPL) insider Daniel J. Riccio sold 15,641 shares of the 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 sale, the insider now directly owns 39,682 shares in the company, valued at approximately $6,839,192.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Apple Inc. (NASDAQ AAPL) opened at $170.15 on Friday. Apple Inc. has a one year low of $108.25 and a one year high of $176.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.23 and a current ratio of 1.28. The firm has a market capitalization of $873,603.19, a PE ratio of 18.49, a PEG ratio of 1.36 and a beta of 1.23.
Apple (NASDAQ:AAPL) last posted its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $52.58 billion during the quarter, compared to the consensus estimate of $50.71 billion. During the same period last year, the business earned $1.50 EPS. The business’s quarterly revenue was up 12.2% on a year-over-year basis. equities research analysts anticipate that Apple Inc. will post 11.18 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 13th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Friday, November 10th. Apple’s dividend payout ratio (DPR) is presently 27.39%.
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Several analysts recently weighed in on AAPL shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $175.00 target price (up previously from $165.00) on shares of Apple in a report on Wednesday, August 2nd. They noted that the move was a valuation call. Cleveland Research raised shares of Apple from a “neutral” rating to a “buy” rating and set a $197.00 target price on the stock in a report on Tuesday, August 29th. Bank of America Corporation reaffirmed a “buy” rating and issued a $180.00 target price (up previously from $175.00) on shares of Apple in a report on Wednesday, August 2nd. UBS AG reaffirmed a “buy” rating and issued a $170.00 target price on shares of Apple in a report on Monday, July 31st. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $208.00 target price on shares of Apple in a report on Tuesday, October 24th. Seven analysts have rated the stock with a hold rating and forty-six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $200.24.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Berkshire Hathaway Inc. raised 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 worth $18,750,246,000 after purchasing an additional 834,854 shares in the last quarter. Capital Research Global Investors raised 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 worth $4,241,383,000 after purchasing an additional 3,845,363 shares in the last quarter. Legal & General Group Plc raised 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 worth $4,067,559,000 after purchasing an additional 287,027 shares in the last quarter. Janus Henderson Group PLC raised 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 worth $3,367,571,000 after purchasing an additional 1,850,572 shares in the last quarter. Finally, Swiss National Bank increased its holdings 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 acquiring an additional 79,100 shares during the last quarter. 60.38% of the stock is owned by institutional investors.
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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