Insider Selling: Apple Inc. (AAPL) Insider Sells $2,654,121.29 in Stock
Apple Inc. (NASDAQ:AAPL) insider Daniel J. Riccio sold 15,641 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $169.69, for a total transaction of $2,654,121.29. Following the transaction, the insider now owns 17,341 shares in the company, valued at $2,942,594.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Apple Inc. (AAPL) opened at $172.27 on Thursday. The firm has a market cap of $881,561.38, a price-to-earnings ratio of 18.66, a P/E/G ratio of 1.37 and a beta of 1.22. Apple Inc. has a fifty-two week low of $114.76 and a fifty-two week high of $176.24. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.73.
Apple (NASDAQ:AAPL) last released its quarterly earnings results on Thursday, November 2nd. The iPhone maker reported $2.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.87 by $0.20. The business had revenue of $52.58 billion during the quarter, compared to analyst estimates of $50.71 billion. Apple had a net margin of 21.09% and a return on equity of 36.29%. The business’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the business earned $1.50 EPS. equities analysts anticipate that Apple Inc. will post 11.18 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, November 13th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $2.52 dividend on an annualized basis and a yield of 1.46%. Apple’s dividend payout ratio (DPR) is 27.39%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vista Private Wealth Partners. LLC bought a new position in shares of Apple in the 3rd quarter worth about $329,000. Sage Capital Advisors llc lifted its position in shares of Apple by 58.0% in the 3rd quarter. Sage Capital Advisors llc now owns 27,157 shares of the iPhone maker’s stock worth $4,185,000 after buying an additional 9,972 shares during the last quarter. Shelton Capital Management lifted its position in shares of Apple by 2.3% in the 3rd quarter. Shelton Capital Management now owns 437,397 shares of the iPhone maker’s stock worth $67,412,000 after buying an additional 9,758 shares during the last quarter. Burgundy Asset Management Ltd. lifted its position in shares of Apple by 0.3% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 1,062,892 shares of the iPhone maker’s stock worth $163,813,000 after buying an additional 2,830 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its position in shares of Apple by 2.4% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 34,445 shares of the iPhone maker’s stock worth $5,309,000 after buying an additional 804 shares during the last quarter. Hedge funds and other institutional investors own 59.78% of the company’s stock.
A number of research analysts have recently issued reports on AAPL shares. BidaskClub upgraded shares of Apple from a “hold” rating to a “buy” rating in a research note on Wednesday, August 16th. Vetr upgraded shares of Apple from a “hold” rating to a “buy” rating and set a $166.96 price target on the stock in a research note on Thursday, August 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $176.00 price target on shares of Apple in a research note on Monday, August 21st. Rosenblatt Securities set a $150.00 price target on shares of Apple and gave the stock a “hold” rating in a research note on Monday, August 21st. Finally, Canaccord Genuity reiterated a “buy” rating and set a $180.00 price target on shares of Apple in a research note on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Apple currently has an average rating of “Buy” and a consensus price target of $197.57.
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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