Apple Inc. (AAPL) Shares Gap Up to $105.87
Apple Inc. (NASDAQ:AAPL) shares gapped up prior to trading on Friday . The stock had previously closed at $105.69, but opened at $105.87. Apple shares last traded at $107.57, with a volume of 22,121,679 shares trading hands.
AAPL has been the topic of several research reports. Goldman Sachs Group Inc. set a $136.00 price objective on shares of Apple and gave the company a “buy” rating in a research note on Tuesday, May 17th. Piper Jaffray Cos. upgraded shares of Apple to a “buy” rating in a research note on Monday, July 11th. Robert W. Baird set a $115.00 price target on shares of Apple and gave the stock a “buy” rating in a research note on Monday, May 9th. Macquarie restated an “outperform” rating and set a $112.00 price target on shares of Apple in a research note on Thursday, July 7th. Finally, XYZ Research began coverage on shares of Apple in a research note on Sunday, May 29th. They set a “buy” rating and a $110.00 price target on the stock. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, forty-five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $126.12.
The company has a 50-day moving average of $98.51 and a 200 day moving average of $99.62. The company has a market capitalization of $579.15 billion and a price-to-earnings ratio of 12.53.
Apple (NASDAQ:AAPL) last released its earnings results on Tuesday, July 26th. The iPhone maker reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.04. The company earned $42.36 billion during the quarter, compared to the consensus estimate of $42.35 billion. The company’s revenue was down 14.6% compared to the same quarter last year. During the same period last year, the firm posted $1.85 earnings per share. Analysts expect that Apple Inc. will post $8.26 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 11th. Shareholders of record on Monday, August 8th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, August 4th.
In other Apple news, SVP D Bruce Sewell sold 103,300 shares of the business’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $96.78, for a total value of $9,997,374.00. Following the sale, the senior vice president now directly owns 239,432 shares of the company’s stock, valued at $23,172,228.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Angela J. Ahrendts sold 25,000 shares of the business’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of $100.00, for a total value of $2,500,000.00. Following the completion of the sale, the senior vice president now directly owns 105,839 shares in the company, valued at $10,583,900. The disclosure for this sale can be found here.
Other large investors recently added to or reduced their stakes in the company. Montag A & Associates Inc. increased its stake in Apple by 9.4% in the fourth quarter. Montag A & Associates Inc. now owns 62,981 shares of the iPhone maker’s stock valued at $6,629,000 after buying an additional 5,388 shares during the period. BlackRock Investment Management LLC increased its position in shares of Apple by 6.3% in the fourth quarter. BlackRock Investment Management LLC now owns 16,440,812 shares of the iPhone maker’s stock worth $1,730,560,000 after buying an additional 968,302 shares during the last quarter. Airain ltd acquired a new position in shares of Apple during the fourth quarter worth about $14,837,000. Marco Investment Management LLC increased its position in shares of Apple by 0.5% in the fourth quarter. Marco Investment Management LLC now owns 168,300 shares of the iPhone maker’s stock worth $17,715,000 after buying an additional 827 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Apple by 4.1% in the fourth quarter. KBC Group NV now owns 1,543,845 shares of the iPhone maker’s stock worth $162,505,000 after buying an additional 60,979 shares during the last quarter.
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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