Insider Selling: Apple Inc. (AAPL) Insider Sells $2,695,726.35 in Stock

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%.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Transcript Daily and is owned by of Transcript Daily. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The correct version of this news story can be viewed at https://transcriptdaily.com/2017/11/19/insider-selling-apple-inc-aapl-insider-sells-2695726-35-in-stock.html.

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.

About Apple

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)

Receive News & Ratings for Apple Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apple Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply